Sunset Park Co-op
For Sale
$349,000
Pending
521 41st St C5, Brooklyn, NY 11232
Move-in ready 1 bedroom co-op across from Sunset Park.
Property Size500 SF
Days on Market254
Property Features for 521 41st St C5
General Information
Standard status
Pending
Size
500 SF
Property subtype
Residential
Building Details
Building Size
500 SF
Year Built
1927
Units
40
Listing Agency:
Bellmarc
(718) 768-4500
Listed By:
Mohamad Hasan · License #HASAD5769
(718) 768-4500
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 9 at 7:16AM
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 Bellmarc
Investment Insights
Based on property information with market context.
Located on a tree-lined street in Sunset Park, Brooklyn, this charming Finnish co-op is situated directly across from the park. The third-floor residence features 3 rooms, including 1 bedroom and 1 bathroom. The unit is move-in-ready and showcases pre-war character with original details, high ceilings, hardwood floors, and windows in every room. The building provides amenities such as a bike room, laundry facilities, and a designated storage space in the basement. Pets are permitted with board approval. Subletting is not allowed. The co-op allows bank financing. The property is set in a vibrant neighborhood with trendy restaurants, cozy cafes, and convenient shopping, and offers easy access to public transportation.
Key Highlights
- Directly across from Sunset Park, enjoy beautiful green space right outside your door.
- Move‑in‑ready with pre‑war character, including original details, high ceilings, and hardwood floors.
- Bank financing allowed, making your purchase easier.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,264
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$305,280
$305.3K
Cap Rate 7%
$218,057
$218.1K
Cap Rate 9%
$169,600
$169.6K
Market Conditions
NOI Build-Up for 500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.3K $56.64/SF
− Vacancy
−$566 −$1.13/SF
EGI
$27.8K $55.51/SF
− OpEx
−$12.5K −$24.98/SF
NOI
$15.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$305,280
Cap Rate 7%
$218,057
Cap Rate 9%
$169,600
Alternative Uses
Best Use
Apartment 5plus
$218.1K
$190.8K – $254.4K
NOI $15,264 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Move-in ready 1 bedroom co-op across from Sunset Park.
Where is this apartment building located?
The property is located at 521 41st St C5 Brooklyn, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Directly across from Sunset Park, enjoy beautiful green space right outside your door.; Move‑in‑ready with pre‑war character, including original details, high ceilings, and hardwood floors.; Bank financing allowed, making your purchase easier.
