Residential
For Sale
Contact for pricing
127 Engert Avenue, Brooklyn, NY 11222
Heat, electricity, gas, and water are included with the apartment.
Property Size700 SF
Price / SF$4.29
Days on Market66
Property Features for 127 Engert Avenue
General Information
Standard status
Active
Size
700 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Public Transit
Yes
Multifamily Units
1
Building Details
Year Built
1910
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Aug 26
Changed: Oct 28
Last Checked: Oct 28 at 2:39PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This residential apartment at 127 Engert Avenue offers 700 square feet of living space in a building constructed in 1910. The unit is described as having one bathroom, though its bedroom configuration is stated in conflicting terms and is not specified here.
The property is in Brooklyn’s Greenpoint area, near McCarren Park, shopping, restaurants, cafes, and entertainment. The G and L subway lines and the B62, B48, and B43 bus routes serve the area. Heat, electricity, gas, and water are included.
The property is in Brooklyn’s Greenpoint area, near McCarren Park, shopping, restaurants, cafes, and entertainment. The G and L subway lines and the B62, B48, and B43 bus routes serve the area. Heat, electricity, gas, and water are included.
Key Highlights
- 700‑square‑foot apartment
- Built in 1910
- Near McCarren Park in Greenpoint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,400
$427.4K
Cap Rate 7%
$305,286
$305.3K
Cap Rate 9%
$237,444
$237.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$39.6K $56.64/SF
− Vacancy
−$793 −$1.13/SF
EGI
$38.9K $55.51/SF
− OpEx
−$17.5K −$24.98/SF
NOI
$21.4K $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%
$427,400
Cap Rate 7%
$305,286
Cap Rate 9%
$237,444
Alternative Uses
Best Use
Apartment 5plus
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 712.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$579.6K
$507.2K – $676.2K
NOI $40,572 @ 7.0% cap · market cap 1,352.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,351
Businesses Nearby
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Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Heat, electricity, gas, and water are included with the apartment.
Where is this residential income property located?
The property is located at 127 Engert Avenue Brooklyn, NY.
What are key features of this property?
This property features: 700‑square‑foot apartment; Built in 1910; Near McCarren Park in Greenpoint
