Ocean Parkway Apartment
For Sale
$455,000
Pending
1180 Ocean Pkwy 3E, Brooklyn, NY 11230
Apartment building located on Ocean Parkway in Brooklyn.
Property Size1,100 SF
Days on Market334
Property Features for 1180 Ocean Pkwy 3E
General Information
Standard status
Pending
Size
1,100 SF
Property subtype
Residential
Building Details
Building Size
1,100 SF
Year Built
1952
Units
120
Listing Agency:
Amerihomes Realty of NY, Inc.
Listed By:
Nadezhda Vygodner
(718) 891-2626
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:33AM
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 Amerihomes Realty of NY, Inc.
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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.
An apartment building is available for sale. The property is located at 1180 Ocean Parkway, Brooklyn, New York. The list price is $486,000.
Key Highlights
- Year Built: 1952
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,582
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,640
$671.6K
Cap Rate 7%
$479,743
$479.7K
Cap Rate 9%
$373,133
$373.1K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$62.3K $56.64/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$61.1K $55.51/SF
− OpEx
−$27.5K −$24.98/SF
NOI
$33.6K $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 Rate 5%
$671,640
Cap Rate 7%
$479,743
Cap Rate 9%
$373,133
Alternative Uses
Best Use
Apartment 5plus
$479.7K
$419.8K – $559.7K
NOI $33,582 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 14.01%
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
3,775
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building located on Ocean Parkway in Brooklyn.
Where is this apartment building located?
The property is located at 1180 Ocean Pkwy 3E Brooklyn, NY.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Year Built: 1952; Price: $11
