One-Bedroom Condo With Private
For Sale
$599,000
107 SCHAEFER Street 3B, Brooklyn, NY 11207
One-bedroom condo with private balcony, premium finishes, and key-fob elevator access in a 1915-built building.
Property Size739 SF
Price / SF$810.55
Days on Market27
Property Features for 107 SCHAEFER Street 3B
General Information
Standard status
Active
Size
739 SF
Property subtype
Apartment
Building Details
Building Size
739 SF
Year Built
1915
Listing Agency:
Revived Residential
(347) 994-6789
Listed By:
Michael Chindemi
(347) 994-6789
Source:
Carlinwright
Added: Jul 21
Changed: Aug 15
Last Checked: Aug 15 at 12:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Revived Residential
Investment Insights
Based on property information with market context.
Residence 3B at 107 Schaefer Street is a one-bedroom condominium with a dedicated private balcony and a layout designed for comfortable everyday living. At approximately 739 SF, the residence includes white oak flooring, PrinceStone tile, and Calacatta Idillio quartz surfaces. The kitchen is equipped with a curated set of appliances including Bosch along with Fisher & Paykel.
The building is equipped with a key-fob elevator system, allowing residents to access their dedicated floor and common areas through private key-fob entry. Residents also have access to a common roof deck with views of Manhattan, Brooklyn, and Queens.
Built in 1915, the property is located near multiple subway options, including Wilson Avenue (L train) and Chauncey Street (J and Z trains), with additional nearby access at Halsey Street and Myrtle-Wyckoff Avenue (L and M lines). Eight dedicated parking spaces are available within the building and are separately deeded, offered on a first-come, first-served basis.
The building is equipped with a key-fob elevator system, allowing residents to access their dedicated floor and common areas through private key-fob entry. Residents also have access to a common roof deck with views of Manhattan, Brooklyn, and Queens.
Built in 1915, the property is located near multiple subway options, including Wilson Avenue (L train) and Chauncey Street (J and Z trains), with additional nearby access at Halsey Street and Myrtle-Wyckoff Avenue (L and M lines). Eight dedicated parking spaces are available within the building and are separately deeded, offered on a first-come, first-served basis.
Key Highlights
- Residence 3B condo with private, dedicated balcony
- Approx. 739 SF one‑bedroom layout with premium finishes
- White oak flooring, PrinceStone tile, and Calacatta Idillio quartz surfaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,220
$451.2K
Cap Rate 7%
$322,300
$322.3K
Cap Rate 9%
$250,678
$250.7K
Market Conditions
NOI Build-Up for 739 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.9K $56.64/SF
− Vacancy
−$837 −$1.13/SF
EGI
$41.0K $55.51/SF
− OpEx
−$18.5K −$24.98/SF
NOI
$22.6K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,220
Cap Rate 7%
$322,300
Cap Rate 9%
$250,678
Alternative Uses
Best Use
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,561 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$611.9K
$535.4K – $713.9K
NOI $42,832 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condo with private balcony, premium finishes, and key-fob elevator access in a 1915-built building.
Where is this residential income property located?
The property is located at 107 SCHAEFER Street 3B Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Residence 3B condo with private, dedicated balcony; Approx. 739 SF one‑bedroom layout with premium finishes; White oak flooring, PrinceStone tile, and Calacatta Idillio quartz surfaces
