Renovated Residential Income
For Sale
$990,000
1111 Ocean Avenue 610, Brooklyn, NY 11230
One-bedroom cooperative residence with updated interiors, in-unit laundry, elevator access, and building amenities.
Property Size1,344 SF
Price / SF$736.61
Days on Market25
Property Features for 1111 Ocean Avenue 610
General Information
Standard status
Active
Size
1,344 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private parking
fitness center
bike storage
package receiving
in-unit laundry
pet-friendly
Building Details
Building Size
1,344 SF
Year Built
1954
Listing Agency:
Compass
Listed By:
Matthew Pucker
(917) 981-1107
Source:
Howardhannanyc
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 7 at 6:01PM
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
Investment Insights
Based on property information with market context.
This 682-square-foot, one-bedroom, one-bath cooperative residence is located in a 1954 elevator building and has been newly renovated with contemporary finishes. The layout includes an open living arrangement, north and east exposures, custom cabinetry, recessed lighting, wide-plank oak flooring, ample storage, and in-unit laundry. Indoor private parking is available for purchase.
Building amenities include a fitness center, bike storage, package receiving, and a pet-friendly policy. The property is in Ditmas Park, with access to Prospect Park, transportation, recreation, and nearby restaurants, bars, and shops. This sponsor sale has no purchasing restrictions or board application process. Photographs represent a model unit, and the complete offering terms are contained in the sponsor’s offering plan, File No. C870154.
Building amenities include a fitness center, bike storage, package receiving, and a pet-friendly policy. The property is in Ditmas Park, with access to Prospect Park, transportation, recreation, and nearby restaurants, bars, and shops. This sponsor sale has no purchasing restrictions or board application process. Photographs represent a model unit, and the complete offering terms are contained in the sponsor’s offering plan, File No. C870154.
Key Highlights
- 682 SF one‑bedroom, one‑bath cooperative residence
- Newly renovated with custom cabinetry, recessed lighting, and wide‑plank oak floors
- Open layout with north and east exposures, storage, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,031
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,620
$820.6K
Cap Rate 7%
$586,157
$586.2K
Cap Rate 9%
$455,900
$455.9K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$76.1K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$74.6K $55.51/SF
− OpEx
−$33.6K −$24.98/SF
NOI
$41.0K $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%
$820,620
Cap Rate 7%
$586,157
Cap Rate 9%
$455,900
Alternative Uses
Best Use
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,031 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom cooperative residence with updated interiors, in-unit laundry, elevator access, and building amenities.
Where is this residential income property located?
The property is located at 1111 Ocean Avenue 610 Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 682 SF one‑bedroom, one‑bath cooperative residence; Newly renovated with custom cabinetry, recessed lighting, and wide‑plank oak floors; Open layout with north and east exposures, storage, and in‑unit laundry
