For Sale
$1,800,000
1681 Brooklyn Avenue, Brooklyn, NY 11210
Residential land & home lots
Property Size3,233 SF
Price / SF$556.76
Days on Market10
Property Features for 1681 Brooklyn Avenue
General Information
Standard status
Active
Size
3,233 SF
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$10,331
Amenities
Public
No
Listing Agency:
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 Donna Francavilla
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,225
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,500
$2.3M
Cap Rate 7%
$1,617,500
$1.6M
Cap Rate 9%
$1,258,056
$1.3M
Market Conditions
NOI Build-Up for 3,233 SF
Gross rent
$164.9K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$161.8K $50.03/SF
− OpEx
−$48.5K −$15.01/SF
NOI
$113.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,500
Cap Rate 7%
$1,617,500
Cap Rate 9%
$1,258,056
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,225 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.65M
NOI $98,700 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,385 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
3,383
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 1681 Brooklyn Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
