Detached Residential Income
For Sale
$855,000
1295 NEW YORK Avenue, Brooklyn, NY 11203
The 1920-built Colonial includes a driveway, full bathroom, and soaking tub.
Property Size1,484 SF
Price / SF$576.15
Days on Market85
Property Features for 1295 NEW YORK Avenue
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,732
Building Details
Building Size
1,484 SF
Year Built
1920
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Howardhannanyc
Added: Aug 3
Changed: Oct 26
Last Checked: Oct 24 at 9:47PM
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 ISLAND ADVANTAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This residential income property is a detached Colonial-style building constructed in 1920. The property includes a driveway, a full bathroom, and a soaking tub. Interior information also identifies hot water and oil, while no additional interior features are specified.
The property is located at 1295 New York Avenue in Brooklyn, New York, within Kings County. The recorded address places the asset on New York Avenue in the 11203 ZIP code.
The property is located at 1295 New York Avenue in Brooklyn, New York, within Kings County. The recorded address places the asset on New York Avenue in the 11203 ZIP code.
Key Highlights
- Detached Colonial‑style property built in 1920
- Located at 1295 New York Avenue, Brooklyn, NY 11203
- Driveway included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,305
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,100
$906.1K
Cap Rate 7%
$647,214
$647.2K
Cap Rate 9%
$503,389
$503.4K
Market Conditions
NOI Build-Up for 1,484 SF
Gross rent
$84.1K $56.64/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$82.4K $55.51/SF
− OpEx
−$37.1K −$24.98/SF
NOI
$45.3K $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%
$906,100
Cap Rate 7%
$647,214
Cap Rate 9%
$503,389
Alternative Uses
Best Use
Apartment 5plus
$647.2K
$566.3K – $755.1K
NOI $45,305 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.43M
NOI $86,013 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1920-built Colonial includes a driveway, full bathroom, and soaking tub.
Where is this residential income property located?
The property is located at 1295 NEW YORK Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: Detached Colonial‑style property built in 1920; Located at 1295 New York Avenue, Brooklyn, NY 11203; Driveway included
