Brooklyn Coop Apartment For
For Sale
$328,000
1079 Shore Pkwy 1B, Brooklyn, NY 11228
One-bedroom coop apartment with ocean view in quiet location.
Property Size650 SF
Days on Market335
Property Features for 1079 Shore Pkwy 1B
General Information
Standard status
Active
Size
650 SF
Property subtype
Residential
Building Details
Building Size
650 SF
Units
198
Listing Agency:
Ben Bay Realty Co
Listed By:
Pavlina Tsokos
(718) 238-6080
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:55PM
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 Ben Bay Realty Co
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom coop apartment is located on the first floor in a quiet location, offering ground floor views overlooking the ocean. The unit features an open layout combining a large living room and dining room. A spacious bedroom includes a closet, and the unit is equipped with a washer and dryer. Note that there is a waitlist for a parking spot.
Key Highlights
- Ground floor overlooking The Ocean
- Washer and dryer in the unit
- Open Large living room and Dining room combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,844
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,880
$396.9K
Cap Rate 7%
$283,486
$283.5K
Cap Rate 9%
$220,489
$220.5K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$36.8K $56.64/SF
− Vacancy
−$736 −$1.13/SF
EGI
$36.1K $55.51/SF
− OpEx
−$16.2K −$24.98/SF
NOI
$19.8K $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 Rate 5%
$396,880
Cap Rate 7%
$283,486
Cap Rate 9%
$220,489
Alternative Uses
Best Use
Apartment 5plus
$283.5K
$248.1K – $330.7K
NOI $19,844 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$538.2K
$470.9K – $627.9K
NOI $37,674 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom coop apartment with ocean view in quiet location.
Where is this apartment building located?
The property is located at 1079 Shore Pkwy 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: Ground floor overlooking The Ocean; Washer and dryer in the unit; Open Large living room and Dining room combined
