Residential Income Property with Roof
For Sale
$2,300,000
160 Imlay Street 6A2, Brooklyn, NY 11231
A top-floor loft combines exposed concrete structure, industrial windows, private outdoor areas, and dedicated indoor parking.
Property Size3,478 SF
Price / SF$661.30
Days on Market20
Property Features for 160 Imlay Street 6A2
General Information
Standard status
Active
Size
3,478 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$57,732
Amenities
24-hour attended lobby lounge
dedicated concierge
on-site super
porter
automated package notification system
state-of-the-art fitness center
private showers
saunas
top-floor resident lounges
roof deck access
Building Details
Building Size
3,478 SF
Year Built
1918
Construction
industrial loft
Listing Agency:
Realty Collective LLC
Listed By:
Christina K Fallon
(917) 379-7903
Source:
Howardhannanyc
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 24 at 11:19PM
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 Realty Collective LLC
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Investment Insights
Based on property information with market context.
This top-floor residential loft occupies a converted 1918 warehouse and features an open layout, exposed concrete columns, ceilings reaching 15 feet, and large double-glazed steel windows. A kitchen and bathroom are in place, and the interior can accommodate different floor plans. Dedicated indoor parking is included.
Private outdoor space includes two 60-square-foot balconies and a roof terrace measuring over 1,000 square feet. The residence has harbor and skyline views, including toward the Statue of Liberty and Lower Manhattan.
The building is part of a 70-residence historic conversion with a 24-hour attended lobby, concierge, on-site super and porter, fitness center with showers and saunas, and resident lounges with roof deck access.
Private outdoor space includes two 60-square-foot balconies and a roof terrace measuring over 1,000 square feet. The residence has harbor and skyline views, including toward the Statue of Liberty and Lower Manhattan.
The building is part of a 70-residence historic conversion with a 24-hour attended lobby, concierge, on-site super and porter, fitness center with showers and saunas, and resident lounges with roof deck access.
Key Highlights
- Converted 1918 warehouse with a top‑floor residential loft
- Private roof terrace measuring over 1,000 square feet
- Two balconies, each 60 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,180
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,600
$2.1M
Cap Rate 7%
$1,516,857
$1.5M
Cap Rate 9%
$1,179,778
$1.2M
Market Conditions
NOI Build-Up for 3,478 SF
Gross rent
$197.0K $56.64/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$193.1K $55.51/SF
− OpEx
−$86.9K −$24.98/SF
NOI
$106.2K $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%
$2,123,600
Cap Rate 7%
$1,516,857
Cap Rate 9%
$1,179,778
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,180 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,585 @ 7.0% cap · market cap 8.76%
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 - A top-floor loft combines exposed concrete structure, industrial windows, private outdoor areas, and dedicated indoor parking.
Where is this residential income property located?
The property is located at 160 Imlay Street 6A2 Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Converted 1918 warehouse with a top‑floor residential loft; Private roof terrace measuring over 1,000 square feet; Two balconies, each 60 square feet
