1411 Neptune Avenue, Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
- Added:
- May 17, 2024
- Days on Market:
- 770
- Last Refresh:
- Jun 25 at 1:06 am
Property Features for 1411 Neptune Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M1-2
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4
- Interior features
- A/C Unit - Window
- Basement
- Finished
- Standard status
- Active
- Size
- 2,280 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3547
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Anthony Frazzetta (718) 758-5838
Listing office Century 21 Realty First 6806 18th Avenue, Brooklyn, NY (718) 758-5838
Listing date May 17, 2024
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Coney Island location with easy access to transportation, attractions, dining, and entertainment.
- Excellent investment opportunity with potential for steady rental income.
- Two‑family building in a high‑traffic area.
- Durable brick construction.
- Features hardwood flooring.
- Can be sold as a package deal with 1415 Neptune Ave.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.3k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $114.1k | $50.03 |
| − OpEx | −$34.2k | −$15.01 |
| NOI | $79.8k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.982485
- Latitude
- 40.5794
