Duplex Residential Income
For Sale
$799,000
14 Monitor Street 1C, Brooklyn, NY 11222
Two-level residence with separate sleeping and living areas, modern finishes, and in-unit laundry.
Property Size831 SF
Days on Market80
Property Features for 14 Monitor Street 1C
General Information
Standard status
Active
Size
831 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,690
Amenities
oversized windows
central AC/Heating
in-unit washer/dryer
hardwood floors
open kitchen
stainless steel appliances
video intercom
patio
pet-friendly
communal garden
Building Details
Building Size
831 SF
Year Built
1920
Listing Agency:
Compass
Listed By:
EUGENE LITVAK
(347) 254-5606
Source:
Serhant
Added: Aug 12
Changed: Oct 27
Last Checked: Oct 28 at 2:53PM
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
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Investment Insights
Based on property information with market context.
This two-level residential income property includes a 1BD/1.5BA duplex layout with the bedroom on one floor and the kitchen and living area on the other. Oversized windows, tall ceilings, hardwood flooring, central AC/heating, and an open kitchen with stainless steel appliances define the interior. The home also has a video intercom, patio, extensive closet space, and a vented washer/dryer within the unit. Both floors include bathrooms, including one with a deep soaking tub.
The property is in a 1920 building with an elevator, pet-friendly policy, and access to a shared garden equipped with a grill and outdoor seating. McCarren, McGolrick, and Cooper Parks, restaurants, shops, and the Graham Avenue L train are nearby. Manhattan is approximately ten minutes away.
The property is in a 1920 building with an elevator, pet-friendly policy, and access to a shared garden equipped with a grill and outdoor seating. McCarren, McGolrick, and Cooper Parks, restaurants, shops, and the Graham Avenue L train are nearby. Manhattan is approximately ten minutes away.
Key Highlights
- 1BD/1.5BA duplex with bedroom and living areas on separate floors
- Oversized windows, tall ceilings, hardwood flooring, and central AC/heating
- Open kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,370
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,400
$507.4K
Cap Rate 7%
$362,429
$362.4K
Cap Rate 9%
$281,889
$281.9K
Market Conditions
NOI Build-Up for 831 SF
Gross rent
$47.1K $56.64/SF
− Vacancy
−$941 −$1.13/SF
EGI
$46.1K $55.51/SF
− OpEx
−$20.8K −$24.98/SF
NOI
$25.4K $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%
$507,400
Cap Rate 7%
$362,429
Cap Rate 9%
$281,889
Alternative Uses
Best Use
Apartment 5plus
$362.4K
$317.1K – $422.8K
NOI $25,370 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$688.1K
$602.1K – $802.8K
NOI $48,165 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,889
Businesses Nearby
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Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with separate sleeping and living areas, modern finishes, and in-unit laundry.
Where is this residential income property located?
The property is located at 14 Monitor Street 1C Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1BD/1.5BA duplex with bedroom and living areas on separate floors; Oversized windows, tall ceilings, hardwood flooring, and central AC/heating; Open kitchen with stainless steel appliances
