Two-Bedroom Residential Income
For Sale
$500,000
145 Kenilworth Place 2A, Brooklyn, NY 11210
Updated two-bedroom residence with two baths, elevator access, on-site laundry, and included storage.
Property Size832 SF
Price / SF$600.96
Days on Market17
Property Features for 145 Kenilworth Place 2A
General Information
Standard status
Active
Size
832 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,464
Amenities
on-site laundry
storage unit
Building Details
Building Size
832 SF
Year Built
2008
Listing Agency:
Compass
Listed By:
ELISA C SEEGER
(917) 750-9390
Source:
Howardhannanyc
Added: Sep 15
Changed: Sep 29
Last Checked: Sep 30 at 4:29PM
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 two-bedroom, two-bath residential income property offers 832 square feet with an open living and dining area, an adjacent updated kitchen, and natural light throughout. The kitchen includes stainless-steel appliances and a white tile backsplash. The primary bedroom includes space for a home office and queen bed, along with an en-suite bathroom with a renovated standing shower. The secondary bedroom accommodates a queen bed and features large front-facing windows.
The property is located in an elevator building with on-site laundry and an included storage unit. Brooklyn College, restaurants, and grocery stores are nearby, while the 5 and 2 trains are one block away.
The property is located in an elevator building with on-site laundry and an included storage unit. Brooklyn College, restaurants, and grocery stores are nearby, while the 5 and 2 trains are one block away.
Key Highlights
- 832‑square‑foot two‑bedroom, two‑bath residence
- Updated kitchen with stainless‑steel appliances and white tile backsplash
- Primary suite includes an en‑suite bathroom with renovated standing shower
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
$25,400
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
5.08%
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%
$508,000
$508.0K
Cap Rate 7%
$362,857
$362.9K
Cap Rate 9%
$282,222
$282.2K
Market Conditions
NOI Build-Up for 832 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
$47.1K $56.64/SF
− Vacancy
−$942 −$1.13/SF
EGI
$46.2K $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 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%
$508,000
Cap Rate 7%
$362,857
Cap Rate 9%
$282,222
Alternative Uses
Best Use
Apartment 5plus
$362.9K
$317.5K – $423.3K
NOI $25,400 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$688.9K
$602.8K – $803.7K
NOI $48,223 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,608
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence with two baths, elevator access, on-site laundry, and included storage.
Where is this residential income property located?
The property is located at 145 Kenilworth Place 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 832‑square‑foot two‑bedroom, two‑bath residence; Updated kitchen with stainless‑steel appliances and white tile backsplash; Primary suite includes an en‑suite bathroom with renovated standing shower
