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Residential Income Property with Backyard
For Sale
$1,195,000

11 TERRACE Place 1F, Brooklyn, NY 11218

Two-bedroom, two-bath condominium residence with private outdoor space, dedicated parking, and substantial storage.

Property Size894 SF
Price / SF$1,336
Days on Market97

Property Features for 11 TERRACE Place 1F

General Information

Standard status Active
Size 894 SF
Total Parking Spaces 2
Property subtype Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

Public Transit Yes

Amenities

private outdoor space
private storage room
private driveway
in-unit washer/dryer
bike storage

Building Details

Building Size 894 SF
Year Built 2006
Listing Agency: Serhant
Listed By: Abigail Palanca
Source: Penrealty
Added: Jun 2 Changed: Sep 2 Last Checked: Sep 5 at 8:50AM

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 Serhant

Investment Insights

Based on property information with market context.

This 2006 condominium residence offers two bedrooms, two full bathrooms, and 9-foot ceilings within a boutique building in Windsor Terrace. The 894-square-foot home includes a large kitchen, generous closet capacity, abundant built-in storage, and an in-unit combo washer/dryer. One bathroom has a soaking tub, while the other includes a walk-in shower.

The living area opens to a 680-square-foot private backyard suited to outdoor dining, gardening, entertaining, or daily use. The property also includes two dedicated parking spaces—one indoor and one outdoor—along with a private storage room and bike storage. A private driveway provides direct access in addition to the building lobby.

Located in Brooklyn near Prospect Park, neighborhood amenities, and the F and G trains, the residence also benefits from a 25-year tax abatement through 2032.

Key Highlights

  • 680‑square‑foot private backyard connected directly to the living room
  • Two dedicated parking spaces: one indoor and one outdoor
  • 894‑square‑foot condominium residence with two bedrooms and two full bathrooms

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,860
Businesses Nearby

Demographics for 11218, NY

78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom, two-bath condominium residence with private outdoor space, dedicated parking, and substantial storage.
Where is this residential income property located?
The property is located at 11 TERRACE Place 1F Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 680‑square‑foot private backyard connected directly to the living room; Two dedicated parking spaces: one indoor and one outdoor; 894‑square‑foot condominium residence with two bedrooms and two full bathrooms
More about this property
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