Two-Bedroom Co-op
For Sale
$835,000
135 Ashland Place 8B, Brooklyn, NY 11201
Two oversized king-size bedrooms in a Kingsview Homes co-op community with on-site laundry and landscaped grounds.
Property Size950 SF
Price / SF$878.95
Days on Market104
Property Features for 135 Ashland Place 8B
General Information
Standard status
Active
Size
950 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
laundry rooms
recycling rooms
garden
pond
parking lots
children's playground
covered bike storage
Building Details
Building Size
950 SF
Year Built
1953
Listing Agency:
Compass
Listed By:
Erion Ahmetaj · License #10301219187
(917) 597-5736
Source:
Carlinwright
Added: May 25
Changed: Aug 27
Last Checked: Sep 4 at 10:59AM
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.
Enter through a warm foyer into a generous living and dining area brightened by a full wall of windows. This co-op residence features two oversized king-size bedrooms, designed for comfortable everyday living and convenient work-from-home days. The unit size is 950 SF, and the building was built in 1953.
The Kingsview Homes cooperative community is made up of five distinct buildings with 321 co-op apartments and an exceptional 98%+ owner occupancy rate. Each building includes its own laundry and recycling rooms. Residents also have access to landscaped grounds with a garden, pond, four parking lots, a children’s playground, and covered bike storage.
Nearby transportation is described as close to multiple subway lines and the LIRR. B, Q, R at DeKalb Ave are about 0.2 miles away, 2, 3, 4, 5 at Nevins St are about 0.3 miles, and A, C, F, R at Jay St-MetroTech are about 0.36 miles. The G line at Fulton St is about 0.36 miles.
The Kingsview Homes cooperative community is made up of five distinct buildings with 321 co-op apartments and an exceptional 98%+ owner occupancy rate. Each building includes its own laundry and recycling rooms. Residents also have access to landscaped grounds with a garden, pond, four parking lots, a children’s playground, and covered bike storage.
Nearby transportation is described as close to multiple subway lines and the LIRR. B, Q, R at DeKalb Ave are about 0.2 miles away, 2, 3, 4, 5 at Nevins St are about 0.3 miles, and A, C, F, R at Jay St-MetroTech are about 0.36 miles. The G line at Fulton St is about 0.36 miles.
Key Highlights
- Two oversized king‑size bedrooms
- 950 SF co‑op residence in a 1953‑built building
- Kingsview Homes community with five buildings and 321 co‑op apartments
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
$29,003
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
3.47%
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%
$580,060
$580.1K
Cap Rate 7%
$414,329
$414.3K
Cap Rate 9%
$322,256
$322.3K
Market Conditions
NOI Build-Up for 950 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
$53.8K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$52.7K $55.51/SF
− OpEx
−$23.7K −$24.98/SF
NOI
$29.0K $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%
$580,060
Cap Rate 7%
$414,329
Cap Rate 9%
$322,256
Alternative Uses
Best Use
Apartment 5plus
$414.3K
$362.5K – $483.4K
NOI $29,003 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$786.6K
$688.3K – $917.7K
NOI $55,062 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two oversized king-size bedrooms in a Kingsview Homes co-op community with on-site laundry and landscaped grounds.
Where is this residential income property located?
The property is located at 135 Ashland Place 8B Brooklyn, NY.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Two oversized king‑size bedrooms; 950 SF co‑op residence in a 1953‑built building; Kingsview Homes community with five buildings and 321 co‑op apartments
