Residential Income Property with
For Sale
$1,399,000
160 Imlay Street 3B4, Brooklyn, NY 11231
Loft-style condominium residence with 12-foot ceilings, private storage, and full-service building amenities.
Property Size1,359 SF
Price / SF$1,029
Days on Market138
Property Features for 160 Imlay Street 3B4
General Information
Standard status
Active
Size
1,359 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$20,292
Amenities
24-hour doorman
resident manager
fitness center
sauna
steam room
bike storage
in-unit W/D
private storage
Building Details
Building Size
1,359 SF
Year Built
2021
Listing Agency:
Keller Williams NYC
Listed By:
Melissa C Leifer · License #40LE0999966
(917) 364-1274
Source:
Penrealty
Added: Jun 11
Changed: Oct 25
Last Checked: Oct 25 at 12:38AM
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 Keller Williams NYC
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Investment Insights
Based on property information with market context.
This 1,359-square-foot loft-style condominium residence, built in 2021, features an open living arrangement with 12-foot ceilings, wide-plank oak flooring, and western exposures. The kitchen includes Miele and Bosch appliances, gas cooking, convection baking, and oversized marble work surfaces. A large den can support flexible living arrangements, while the customized walk-in closet provides substantial storage and adaptable utility. The home also includes two bathrooms with deep soaking tubs, central air conditioning, in-unit laundry, private storage, and a dedicated parking space.
The residence is at 160 Imlay Street in Brooklyn, NY 11231. Western-facing windows provide views toward the Statue of Liberty and sunset exposures. Building services and amenities include a 24-hour doorman, resident manager, fitness center, sauna, steam room, and bike storage.
The residence is at 160 Imlay Street in Brooklyn, NY 11231. Western-facing windows provide views toward the Statue of Liberty and sunset exposures. Building services and amenities include a 24-hour doorman, resident manager, fitness center, sauna, steam room, and bike storage.
Key Highlights
- 1,359‑square‑foot loft‑style condominium residence
- 12‑foot ceilings and western exposures with Statue of Liberty views
- Dedicated parking space plus private storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,489
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,780
$829.8K
Cap Rate 7%
$592,700
$592.7K
Cap Rate 9%
$460,989
$461.0K
Market Conditions
NOI Build-Up for 1,359 SF
Gross rent
$77.0K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$75.4K $55.51/SF
− OpEx
−$33.9K −$24.98/SF
NOI
$41.5K $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%
$829,780
Cap Rate 7%
$592,700
Cap Rate 9%
$460,989
Alternative Uses
Best Use
Apartment 5plus
$592.7K
$518.6K – $691.5K
NOI $41,489 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$984.6K – $1.31M
NOI $78,768 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
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Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style condominium residence with 12-foot ceilings, private storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 160 Imlay Street 3B4 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 1,359‑square‑foot loft‑style condominium residence; 12‑foot ceilings and western exposures with Statue of Liberty views; Dedicated parking space plus private storage
