Top-Floor Residential Income
For Sale
$850,000
1462 FLATBUSH Avenue 7A, Brooklyn, NY 11210
Three-bedroom condominium residence with private outdoor space, in-unit laundry, and access to shared fitness and lounge amenities.
Property Size1,165 SF
Price / SF$729.61
Days on Market62
Property Features for 1462 FLATBUSH Avenue 7A
General Information
Standard status
Active
Size
1,165 SF
Property subtype
Apartment
Building Details
Building Size
1,165 SF
Year Built
2023
Listing Agency:
Corcoran Group
(347) 512-9974
Listed By:
Lisa James · License #10401215017
(347) 512-9974
Source:
Howardhannanyc
Added: Jul 1
Changed: Aug 29
Last Checked: Aug 30 at 9:48PM
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
Investment Insights
Based on property information with market context.
Penthouse 7A is a 1,165-square-foot, top-floor condominium residence configured with three bedrooms and two bathrooms. The floor-through layout places living and dining areas around a private patio, while oversized windows and floor-to-ceiling sliding glass doors bring in natural light. The kitchen includes quartz countertops, custom cabinetry, and a four-piece stainless-steel appliance package. The primary bedroom has a walk-in closet and en-suite bathroom, and the home also includes in-unit washer and dryer equipment.
The Avanti is a 45-unit condominium building at 1462 Flatbush Avenue in Brooklyn. Shared features include a virtual doorman, resident lounge, landscaped outdoor areas with a dog run, fitness center, bike storage, and a furnished roof deck. The property is near Flatbush Junction, with access to MTA service, parks, shopping, and dining.
The Avanti is a 45-unit condominium building at 1462 Flatbush Avenue in Brooklyn. Shared features include a virtual doorman, resident lounge, landscaped outdoor areas with a dog run, fitness center, bike storage, and a furnished roof deck. The property is near Flatbush Junction, with access to MTA service, parks, shopping, and dining.
Key Highlights
- 1,165 SF top‑floor condominium residence
- Three bedrooms and two bathrooms in a floor‑through layout
- Private patio with south‑west‑facing views
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
$35,566
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
4.18%
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%
$711,320
$711.3K
Cap Rate 7%
$508,086
$508.1K
Cap Rate 9%
$395,178
$395.2K
Market Conditions
NOI Build-Up for 1,165 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
$66.0K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$64.7K $55.51/SF
− OpEx
−$29.1K −$24.98/SF
NOI
$35.6K $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%
$711,320
Cap Rate 7%
$508,086
Cap Rate 9%
$395,178
Alternative Uses
Best Use
Apartment 5plus
$508.1K
$444.6K – $592.8K
NOI $35,566 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$964.6K
$844.0K – $1.13M
NOI $67,523 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium residence with private outdoor space, in-unit laundry, and access to shared fitness and lounge amenities.
Where is this residential income property located?
The property is located at 1462 FLATBUSH Avenue 7A Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,165 SF top‑floor condominium residence; Three bedrooms and two bathrooms in a floor‑through layout; Private patio with south‑west‑facing views
