Residential Income Property with Roof
For Sale
$449,000
1462 FLATBUSH Avenue 3D, Brooklyn, NY 11210
Contemporary condominium residence with private outdoor space and extensive shared amenities.
Property Size590 SF
Price / SF$761.02
Days on Market195
Property Features for 1462 FLATBUSH Avenue 3D
General Information
Standard status
Active
Size
590 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,868
Amenities
private balconies or terraces
in-unit washer/dryer
video intercom
furnished lobby
package room
resident lounge
landscaped garden
dog run
roof deck
fitness center
bike storage
resident storage
Building Details
Building Size
590 SF
Year Built
2023
Listing Agency:
Corcoran Group
Listed By:
Joseph Czyzewski · License #10401383690
(646) 296-7199
Source:
Miradorrealestate
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 27 at 12:46AM
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 Corcoran Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Residence 3D is part of the Avanti, a 45-unit condominium completed in 2023 at 1462 Flatbush Avenue in Brooklyn. The homes feature private balconies or terraces, double-pane Pella windows and doors, wide-plank flooring, contemporary kitchens with white quartz counters and stainless-steel appliances, and bathrooms with soaking tubs and rain showers. Zoned heating and cooling, combination washer-dryers, and video intercom systems are included in the residential design.
Shared amenities include a furnished lobby with package room, resident lounge, landscaped garden with dining and seating areas, dog run, fitness center, bike storage, resident storage, elevator, and an open roof deck with Brooklyn and Manhattan views. The property is identified as a residential income property and carries the 1462 Flatbush Avenue Condominium offering designation, File No. CD 220018.
Shared amenities include a furnished lobby with package room, resident lounge, landscaped garden with dining and seating areas, dog run, fitness center, bike storage, resident storage, elevator, and an open roof deck with Brooklyn and Manhattan views. The property is identified as a residential income property and carries the 1462 Flatbush Avenue Condominium offering designation, File No. CD 220018.
Key Highlights
- Part of the 45‑unit Avanti condominium
- Completed in 2023 at 1462 Flatbush Avenue, Brooklyn, NY 11210
- Private balcony or terrace included with each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,012
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,240
$360.2K
Cap Rate 7%
$257,314
$257.3K
Cap Rate 9%
$200,133
$200.1K
Market Conditions
NOI Build-Up for 590 SF
Gross rent
$33.4K $56.64/SF
− Vacancy
−$668 −$1.13/SF
EGI
$32.7K $55.51/SF
− OpEx
−$14.7K −$24.98/SF
NOI
$18.0K $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%
$360,240
Cap Rate 7%
$257,314
Cap Rate 9%
$200,133
Alternative Uses
Best Use
Apartment 5plus
$257.3K
$225.2K – $300.2K
NOI $18,012 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$488.5K
$427.5K – $569.9K
NOI $34,196 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,936
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
Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condominium residence with private outdoor space and extensive shared amenities.
Where is this residential income property located?
The property is located at 1462 FLATBUSH Avenue 3D Brooklyn, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Part of the 45‑unit Avanti condominium; Completed in 2023 at 1462 Flatbush Avenue, Brooklyn, NY 11210; Private balcony or terrace included with each residence
