Pre-War Residential Income
For Sale
$485,000
800 5TH Avenue 2A, Brooklyn, NY 11232
A one-bedroom residence pairs period character with a renovated open kitchen and stainless steel appliances.
Property Size525 SF
Price / SF$923.81
Days on Market535
Property Features for 800 5TH Avenue 2A
General Information
Standard status
Active
Size
525 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
525 SF
Year Built
1920
Construction
pre-war
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Liang Chen · License #10401335818
(646) 236-8829
Source:
Carlinwright
Added: Mar 24, 2025
Changed: Sep 8
Last Checked: Sep 8 at 10:15AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Built in 1920, this one-bedroom, one-bathroom residence combines pre-war construction with updated interior features. Hardwood flooring runs through the home, while eastern exposure brings natural light into the living spaces. The renovated open kitchen includes stainless steel appliances, and the bedroom provides generous closet storage. Washer and dryer hookups are permitted.
The property is located at 800 5th Avenue in Brooklyn’s Greenwood Heights. Green-Wood Cemetery, Industry City, Greenwood Park, and the shops and restaurants along Fifth Avenue are all identified as part of the surrounding neighborhood context. The area also includes playgrounds, boutique retailers, and cultural events.
The property is located at 800 5th Avenue in Brooklyn’s Greenwood Heights. Green-Wood Cemetery, Industry City, Greenwood Park, and the shops and restaurants along Fifth Avenue are all identified as part of the surrounding neighborhood context. The area also includes playgrounds, boutique retailers, and cultural events.
Key Highlights
- 1‑bedroom, 1‑bathroom residence
- Built in 1920 with pre‑war character
- Renovated open kitchen with stainless steel appliances
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
$16,028
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
3.30%
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%
$320,560
$320.6K
Cap Rate 7%
$228,971
$229.0K
Cap Rate 9%
$178,089
$178.1K
Market Conditions
NOI Build-Up for 525 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
$29.7K $56.64/SF
− Vacancy
−$595 −$1.13/SF
EGI
$29.1K $55.51/SF
− OpEx
−$13.1K −$24.98/SF
NOI
$16.0K $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%
$320,560
Cap Rate 7%
$228,971
Cap Rate 9%
$178,089
Alternative Uses
Best Use
Apartment 5plus
$229.0K
$200.4K – $267.1K
NOI $16,028 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$434.7K
$380.4K – $507.2K
NOI $30,429 @ 7.0% cap · market cap 6.27%
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
3,673
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence pairs period character with a renovated open kitchen and stainless steel appliances.
Where is this residential income property located?
The property is located at 800 5TH Avenue 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bathroom residence; Built in 1920 with pre‑war character; Renovated open kitchen with stainless steel appliances
