New
For Sale
$2,250,000
1357 Brooklyn Ave, Brooklyn, NY 11203
Residential land & home lots
Property Size2,756 SF
Days on Market6
Property Features for 1357 Brooklyn Ave
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,062
Building Details
Building Size
2,756 SF
Year Built
1920
Listing Agency:
Stephen P Wald Real Estate Associates Inc
Listed By:
Matthew Charles Nesi
(212) 750-9253
Source:
Elliman
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 10:35AM
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 Stephen P Wald Real Estate Associates Inc
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,520
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,400
$1.9M
Cap Rate 7%
$1,378,857
$1.4M
Cap Rate 9%
$1,072,444
$1.1M
Market Conditions
NOI Build-Up for 2,756 SF
Gross rent
$140.6K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$137.9K $50.03/SF
− OpEx
−$41.4K −$15.01/SF
NOI
$96.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,400
Cap Rate 7%
$1,378,857
Cap Rate 9%
$1,072,444
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,520 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,138 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,738 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,047
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 1357 Brooklyn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
