Top-Floor Residential Income
New
For Sale
$449,995
1215 AVE M 6G, Brooklyn, NY 11230
Renovated kitchen, custom storage, and an elevator building distinguish this two-bedroom co-op home.
Property Size1,188 SF
Price / SF$378.78
Days on Market6
Property Features for 1215 AVE M 6G
General Information
Standard status
Active
Size
1,188 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
renovated lobby
updated on-site laundry facilities
live-in superintendent
Building Details
Building Size
1,188 SF
Year Built
1965
Buildings
1
Stories
6
Listing Agency:
Serhant
Listed By:
Chandra S Golan · License #10301215946
(646) 480-7665
Source:
Howardhannanyc
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 3:23PM
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
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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.
This sixth-floor co-op residence has two bedrooms, one full bathroom and a half bath across approximately 1,188 square feet. The living room is wired for surround sound, and a separate dining area adds space for meals and gatherings. Hardwood floors, custom built-ins, double-pane windows and Elfa closet systems provide storage and everyday utility. The renovated kitchen includes Caesarstone countertops, stainless steel appliances and custom stainless steel cabinetry. The primary bedroom has a windowed en-suite half bath.
The six-story building has an elevator, renovated lobby, updated on-site laundry facilities and a live-in superintendent. Located in Midwood, the apartment is about a three-minute walk from the Avenue M subway station, with bus service nearby. Shops, restaurants, cafés, specialty food markets and supermarkets are also in the surrounding area.
The six-story building has an elevator, renovated lobby, updated on-site laundry facilities and a live-in superintendent. Located in Midwood, the apartment is about a three-minute walk from the Avenue M subway station, with bus service nearby. Shops, restaurants, cafés, specialty food markets and supermarkets are also in the surrounding area.
Key Highlights
- Approximately 1,188 square feet with two bedrooms, one full bathroom and one half bath
- Sixth‑floor, top‑floor residence in a six‑story elevator building
- Renovated kitchen with Caesarstone counters, stainless steel appliances and custom stainless steel cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,268
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,360
$725.4K
Cap Rate 7%
$518,114
$518.1K
Cap Rate 9%
$402,978
$403.0K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$67.3K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$65.9K $55.51/SF
− OpEx
−$29.7K −$24.98/SF
NOI
$36.3K $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 Rate 5%
$725,360
Cap Rate 7%
$518,114
Cap Rate 9%
$402,978
Alternative Uses
Best Use
Apartment 5plus
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$983.7K
$860.7K – $1.15M
NOI $68,856 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,973
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
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen, custom storage, and an elevator building distinguish this two-bedroom co-op home.
Where is this residential income property located?
The property is located at 1215 AVE M 6G Brooklyn, NY.
What is the asking price?
The asking price for this property is $449,995.
What are key features of this property?
This property features: Approximately 1,188 square feet with two bedrooms, one full bathroom and one half bath; Sixth‑floor, top‑floor residence in a six‑story elevator building; Renovated kitchen with Caesarstone counters, stainless steel appliances and custom stainless steel cabinetry
