Residential Income Property with
For Sale
$529,000
1462 FLATBUSH Avenue 3E, Brooklyn, NY 11210
A newly built condominium residence with modern finishes and access to extensive shared amenities.
Property Size591 SF
Price / SF$895.09
Days on Market195
Property Features for 1462 FLATBUSH Avenue 3E
General Information
Standard status
Active
Size
591 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,108
Amenities
furnished lobby
package room
resident lounge
landscaped garden
ping pong table
dog run
roof deck
fitness center
bike storage
resident storage
in-unit washer/dryer
video intercom
zoned heating and cooling
private balcony/terrace
Building Details
Building Size
591 SF
Year Built
2023
Listing Agency:
Corcoran Group
Listed By:
Joseph Czyzewski · License #10401383690
(646) 296-7199
Source:
Carlinwright
Added: Apr 16
Changed: Oct 27
Last Checked: Oct 26 at 10:33PM
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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Investment Insights
Based on property information with market context.
Residence 3E is part of The Avanti, a 45-unit condominium completed in 2023 at 1462 Flatbush Avenue in Brooklyn. The home measures 591 square feet and includes a private balcony, double-pane Pella windows and doors, wide-plank walnut-toned flooring, and zoned heating and cooling. The kitchen is appointed with white quartz counters, custom cabinetry, a stainless-steel appliance package, and a built-in island in layouts where provided. The bathroom includes a deep soaking tub, rain shower, glass splash wall, and integrated storage.
Building amenities include a furnished lobby with package room, resident lounge, landscaped garden with dining and seating areas, dog run, open roof deck with Brooklyn and Manhattan views, fitness center, bike storage, resident storage, elevator, and video intercom access. The residence also includes an in-unit combination washer and dryer. The property is located at 1462 Flatbush Avenue, Brooklyn, NY 11210.
Building amenities include a furnished lobby with package room, resident lounge, landscaped garden with dining and seating areas, dog run, open roof deck with Brooklyn and Manhattan views, fitness center, bike storage, resident storage, elevator, and video intercom access. The residence also includes an in-unit combination washer and dryer. The property is located at 1462 Flatbush Avenue, Brooklyn, NY 11210.
Key Highlights
- 591‑square‑foot condominium residence in a 45‑unit building
- Completed in 2023 at 1462 Flatbush Avenue, Brooklyn, NY 11210
- Private balcony and double‑pane Pella windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,043
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,860
$360.9K
Cap Rate 7%
$257,757
$257.8K
Cap Rate 9%
$200,478
$200.5K
Market Conditions
NOI Build-Up for 591 SF
Gross rent
$33.5K $56.64/SF
− Vacancy
−$669 −$1.13/SF
EGI
$32.8K $55.51/SF
− OpEx
−$14.8K −$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%
$360,860
Cap Rate 7%
$257,757
Cap Rate 9%
$200,478
Alternative Uses
Best Use
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$489.3K
$428.2K – $570.9K
NOI $34,254 @ 7.0% cap · market cap 6.48%
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 - A newly built condominium residence with modern finishes and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 1462 FLATBUSH Avenue 3E Brooklyn, NY.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 591‑square‑foot condominium residence in a 45‑unit building; Completed in 2023 at 1462 Flatbush Avenue, Brooklyn, NY 11210; Private balcony and double‑pane Pella windows and doors
