Residential Income Property with
New
For Sale
$925,000
1111 Ocean Avenue 607, Brooklyn, NY 11230
A renovated two-bedroom co-op residence includes private laundry and access to building amenities.
Property Size1,382 SF
Price / SF$669.32
Days on Market5
Property Features for 1111 Ocean Avenue 607
General Information
Standard status
Active
Size
1,382 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
pet-friendly
fitness center
bike storage
package receiving
in-unit laundry
Building Details
Building Size
1,382 SF
Year Built
1954
Listing Agency:
Compass
Listed By:
Matthew Pucker · License #10301208042
(917) 981-1107
Source:
Carlinwright
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 9:14PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 744-square-foot residence has two bedrooms, one bathroom, an en-suite feature, and an open layout with northeast and southeast exposures. The unit is described as renovated, and includes in-unit laundry and storage. The 1954 building has an elevator, fitness center, bike storage, package receiving, and private parking; parking is available separately. Photos show a model unit, so depicted finishes may not represent this residence.
The property is in Ditmas Park, Brooklyn, near Prospect Park, transportation, recreation, and local restaurants, bars, and shops. This sponsor sale has no purchasing restrictions or board application process. Offering terms are available in the sponsor’s offering plan, File No. C870154.
The property is in Ditmas Park, Brooklyn, near Prospect Park, transportation, recreation, and local restaurants, bars, and shops. This sponsor sale has no purchasing restrictions or board application process. Offering terms are available in the sponsor’s offering plan, File No. C870154.
Key Highlights
- 744‑square‑foot residence with two bedrooms and one bathroom
- In‑unit laundry and storage
- Renovated residence with open layout and northeast and southeast exposures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,191
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,820
$843.8K
Cap Rate 7%
$602,729
$602.7K
Cap Rate 9%
$468,789
$468.8K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$78.3K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$76.7K $55.51/SF
− OpEx
−$34.5K −$24.98/SF
NOI
$42.2K $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%
$843,820
Cap Rate 7%
$602,729
Cap Rate 9%
$468,789
Alternative Uses
Best Use
Apartment 5plus
$602.7K
$527.4K – $703.2K
NOI $42,191 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$1.00M – $1.34M
NOI $80,101 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,740
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated two-bedroom co-op residence includes private laundry and access to building amenities.
Where is this residential income property located?
The property is located at 1111 Ocean Avenue 607 Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 744‑square‑foot residence with two bedrooms and one bathroom; In‑unit laundry and storage; Renovated residence with open layout and northeast and southeast exposures
