Residential Income Property with Skyline
149 Marine Avenue 5-K, Brooklyn, NY 11209
For Sale
New
$578,000
The renovated kitchen, in-unit air-conditioning, and building services support comfortable apartment living.
Property Size850 SF
Price / SF$680
Days on Market5
Property Features for 149 Marine Avenue 5-K
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
on-site laundry
live-in superintendent
virtual doorman
keyless entry
video security system
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Awaye Realty
Listed By:
Arlene T Waye · License NY 49WA1006845
(718) 488-0800
Source:
Miradorrealestate
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:05PM
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 Century 21 Awaye Realty
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Investment Insights
Based on property information with market context.
This 850-square-foot co-op at 149 Marine Avenue includes two bedrooms and one bathroom. The living and dining area has Manhattan skyline views, as do both bedrooms. A renovated, windowed galley kitchen features granite counters, white cabinetry, stainless steel appliances, and a butler’s pantry. Hardwood floors, recessed lighting, air-conditioning units in every room, and multiple closets provide additional interior features. Heat and hot water are included. The building, constructed in 1962, has two elevators, on-site laundry, a live-in superintendent, a virtual doorman, keyless entry, and video security. Garage parking is available through a waitlist.
The property is in Bay Ridge, Brooklyn, near Shore Road Park and the waterfront promenade, along with restaurants, cafes, shops, and daily conveniences on Third and Fifth Avenues. Transit options include the R subway line at Bay Ridge-95th Street and local and express buses; major roadways are also accessible.
The property is in Bay Ridge, Brooklyn, near Shore Road Park and the waterfront promenade, along with restaurants, cafes, shops, and daily conveniences on Third and Fifth Avenues. Transit options include the R subway line at Bay Ridge-95th Street and local and express buses; major roadways are also accessible.
Key Highlights
- 850 square feet with two bedrooms and one bathroom
- Manhattan skyline views from the living room and both bedrooms
- Renovated, windowed galley kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,950
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,000
$519.0K
Cap Rate 7%
$370,714
$370.7K
Cap Rate 9%
$288,333
$288.3K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$48.1K $56.64/SF
− Vacancy
−$963 −$1.13/SF
EGI
$47.2K $55.51/SF
− OpEx
−$21.2K −$24.98/SF
NOI
$25.9K $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%
$519,000
Cap Rate 7%
$370,714
Cap Rate 9%
$288,333
Alternative Uses
Best Use
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,950 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$703.8K
$615.8K – $821.1K
NOI $49,266 @ 7.0% cap · market cap 8.52%
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
3,196
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Brooklyn, NY
Properties on Market for Residential income properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Residential income property - The renovated kitchen, in-unit air-conditioning, and building services support comfortable apartment living.
Where is this residential income property located?
The property is located at 149 Marine Avenue 5-K Brooklyn, NY.
What is the asking price?
The asking price for this property is $578,000.
What are key features of this property?
This property features: 850 square feet with two bedrooms and one bathroom; Manhattan skyline views from the living room and both bedrooms; Renovated, windowed galley kitchen with granite countertops and stainless steel appliances
