Residential Income Property with Private
For Sale
$1,100,000
1404 Bushwick Avenue 1F, Brooklyn, NY 11207
Contemporary duplex residence with flexible living space, custom finishes, and private outdoor areas.
Property Size1,415 SF
Price / SF$777.39
Days on Market19
Property Features for 1404 Bushwick Avenue 1F
General Information
Standard status
Active
Size
1,415 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$17,208
Amenities
private backyard
sauna
washer/dryer
rooftop lounge
rooftop deck
Building Details
Building Size
1,415 SF
Year Built
2018
Listing Agency:
Compass
Listed By:
Paolo Sciarra
(917) 963-4957
Source:
Carlinwright
Added: Sep 17
Changed: Sep 25
Last Checked: Oct 4 at 4:50PM
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 contemporary duplex residence is part of a 10-unit condominium completed in 2018. The 1,415-square-foot home features an open living and dining area, wide-plank oak flooring, floor-to-ceiling windows with northern exposure, and direct access to a 767-square-foot private backyard. The chef’s kitchen includes leather-finish gray granite counters, custom white cabinetry, open shelving, and stainless-steel appliances. A primary bedroom is located on the main level, while the lower level provides a recreation room currently used as a bedroom, an ensuite half bathroom, custom storage, and a private outdoor area with a sauna. A third bedroom may be restored on the main level by rebuilding the original wall. Additional features include a washer/dryer, laundry closet, bespoke shelving, and substantial storage. Building amenities include a rooftop lounge and deck with views across Manhattan and Brooklyn. The property is one block from the Chauncey Street J/Z trains and four blocks from the Wilson Avenue L, with local dining and retail nearby.
Key Highlights
- 1,415‑square‑foot contemporary duplex in a 10‑unit condominium
- 767‑square‑foot private backyard with direct access from the main living level
- Flexible lower‑level recreation room currently used as a bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,198
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,960
$864.0K
Cap Rate 7%
$617,114
$617.1K
Cap Rate 9%
$479,978
$480.0K
Market Conditions
NOI Build-Up for 1,415 SF
Gross rent
$80.1K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$78.5K $55.51/SF
− OpEx
−$35.3K −$24.98/SF
NOI
$43.2K $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 Rate 5%
$863,960
Cap Rate 7%
$617,114
Cap Rate 9%
$479,978
Alternative Uses
Best Use
Apartment 5plus
$617.1K
$540.0K – $720.0K
NOI $43,198 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,013 @ 7.0% cap · market cap 7.46%
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
2,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Contemporary duplex residence with flexible living space, custom finishes, and private outdoor areas.
Where is this residential income property located?
The property is located at 1404 Bushwick Avenue 1F Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1,415‑square‑foot contemporary duplex in a 10‑unit condominium; 767‑square‑foot private backyard with direct access from the main living level; Flexible lower‑level recreation room currently used as a bedroom
