Three-Bedroom Residential Income
For Sale
$920,000
130 Saratoga Avenue 2A, Brooklyn, NY 11233
Condominium residence with an open living area, equipped kitchen, two full bathrooms, and hardwood flooring.
Property Size1,383 SF
Price / SF$665.22
Days on Market12
Property Features for 130 Saratoga Avenue 2A
General Information
Standard status
Active
Size
1,383 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,800
Building Details
Building Size
1,383 SF
Year Built
1991
Listing Agency:
Compass
Listed By:
Lynne Morgan
(646) 715-2953
Source:
Carlinwright
Added: Aug 25
Changed: Sep 4
Last Checked: Sep 4 at 12:55PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,383-square-foot condominium includes three bedrooms, two full bathrooms, and an open-concept living and dining arrangement. The kitchen connects directly to the main living area and includes stainless steel appliances, a gas range, refrigerator-freezer, microwave, and dishwasher. The primary bedroom has an ensuite bathroom, while the second bath includes a soaking tub. Hardwood floors, oversized closets, and ceiling fans in all three bedrooms add practical features throughout the residence. Built in 1991, the apartment is also available for rent.
The property is located at 130 Saratoga Avenue in Brooklyn’s Stuyvesant Heights neighborhood. Public transportation access includes the Halsey Street J train station and Ralph Avenue C train station. Nearby businesses include Olmo, Peral, September, Badaboom, Cicchetti, Lady Moo Moos, and AUX Karaoke Bar.
The property is located at 130 Saratoga Avenue in Brooklyn’s Stuyvesant Heights neighborhood. Public transportation access includes the Halsey Street J train station and Ralph Avenue C train station. Nearby businesses include Olmo, Peral, September, Badaboom, Cicchetti, Lady Moo Moos, and AUX Karaoke Bar.
Key Highlights
- 1,383 SF condominium with three bedrooms and two full bathrooms
- Open‑concept living and dining area connected to the kitchen
- Stainless steel appliances include gas stove, refrigerator‑freezer, microwave, and dishwasher
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
$42,222
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
4.59%
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%
$844,440
$844.4K
Cap Rate 7%
$603,171
$603.2K
Cap Rate 9%
$469,133
$469.1K
Market Conditions
NOI Build-Up for 1,383 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
$78.3K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$76.8K $55.51/SF
− OpEx
−$34.5K −$24.98/SF
NOI
$42.2K $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%
$844,440
Cap Rate 7%
$603,171
Cap Rate 9%
$469,133
Alternative Uses
Best Use
Apartment 5plus
$603.2K
$527.8K – $703.7K
NOI $42,222 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,159 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,519
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open living area, equipped kitchen, two full bathrooms, and hardwood flooring.
Where is this residential income property located?
The property is located at 130 Saratoga Avenue 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 1,383 SF condominium with three bedrooms and two full bathrooms; Open‑concept living and dining area connected to the kitchen; Stainless steel appliances include gas stove, refrigerator‑freezer, microwave, and dishwasher
