Residential Income Property with Home
For Sale
$568,000
1548 72nd Street 103, Brooklyn, NY 11228
A one-bedroom condominium residence includes a dedicated office and private outdoor space.
Property Size553 SF
Price / SF$1,027
Days on Market35
Property Features for 1548 72nd Street 103
General Information
Standard status
Active
Size
553 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,776
Building Details
Building Size
553 SF
Year Built
2023
Listing Agency:
ONE REALTY GLOBAL CORP
Listed By:
Xinyi Qian
(516) 816-3338
Source:
Carlinwright
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 25 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 ONE REALTY GLOBAL CORP
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Investment Insights
Based on property information with market context.
Residence 103 is a condominium residence with one bedroom and a separate home office. Its 553 SF interior is complemented by 75 SF of private exterior space, for 628 SF total. Hardwood floors, stainless steel appliances, and contemporary fixtures are among the interior finishes. The building, completed in 2023, contains 13 residences with layouts ranging from studios to three bedrooms.
Key Highlights
- Residence 103 offers a one‑bedroom layout with a dedicated home office
- 553 SF of interior space and 75 SF of private exterior space; 628 SF total
- Part of a 13‑residence condominium building completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,883
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,660
$337.7K
Cap Rate 7%
$241,186
$241.2K
Cap Rate 9%
$187,589
$187.6K
Market Conditions
NOI Build-Up for 553 SF
Gross rent
$31.3K $56.64/SF
− Vacancy
−$626 −$1.13/SF
EGI
$30.7K $55.51/SF
− OpEx
−$13.8K −$24.98/SF
NOI
$16.9K $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%
$337,660
Cap Rate 7%
$241,186
Cap Rate 9%
$187,589
Alternative Uses
Best Use
Apartment 5plus
$241.2K
$211.0K – $281.4K
NOI $16,883 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$457.9K
$400.7K – $534.2K
NOI $32,052 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,866
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom condominium residence includes a dedicated office and private outdoor space.
Where is this residential income property located?
The property is located at 1548 72nd Street 103 Brooklyn, NY.
What is the asking price?
The asking price for this property is $568,000.
What are key features of this property?
This property features: Residence 103 offers a one‑bedroom layout with a dedicated home office; 553 SF of interior space and 75 SF of private exterior space; 628 SF total; Part of a 13‑residence condominium building completed in 2023
