Residential Income Property with Private
For Sale
$695,000
17 Dodworth Street 2-F, Brooklyn, NY 11221
Modern residence with private outdoor space, custom finishes, and access to shared rooftop amenities.
Property Size758 SF
Days on Market117
Property Features for 17 Dodworth Street 2-F
General Information
Standard status
Active
Size
758 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,220
Amenities
private cabana
common rooftop deck
private rooftop cabanas
video intercom system
private lobby
internet and cable pre-wiring
private storage rooms
in-unit washer/dryer
Building Details
Building Size
758 SF
Year Built
2026
Listing Agency:
REAVIS DEVELOPMENT MARKETING LLC
(646) 361-3276
Listed By:
Natanel Malkoukian
(646) 361-3276
Source:
Tricialee
Added: Apr 30
Changed: Aug 23
Last Checked: Aug 23 at 8:21AM
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 REAVIS DEVELOPMENT MARKETING LLC
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence at the Dodworth Collective, featuring one bedroom plus an office and 1.5 bathrooms. The open living, dining, and kitchen area is defined by double-paned, floor-to-ceiling windows, engineered hardwood flooring with an acoustic underlayer, recessed lighting, and multi-zone Mitsubishi split units. The kitchen includes absolute black granite counters, mirrored backsplashes, Miele and Bertazzoni appliances, European cabinetry, and a deep sink. Additional features include an in-unit LG washer/dryer, custom bathroom cabinetry, a Duravit toilet, and a walk-in shower. A private outdoor cabana expands the usable living space, while the building also offers a rooftop deck, private lobby, video intercom, pre-wiring for internet and cable, and private storage rooms.
The property is located on a tree-lined block in Bushwick, near Maria Hernandez Park, restaurants, cafes, and bars. The M, J, and Z subway lines are also nearby. The building was completed in 2026.
The property is located on a tree-lined block in Bushwick, near Maria Hernandez Park, restaurants, cafes, and bars. The M, J, and Z subway lines are also nearby. The building was completed in 2026.
Key Highlights
- Private outdoor cabana included with the residence
- One bedroom plus office and 1.5 bathrooms
- Floor‑to‑ceiling, double‑paned windows provide abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,820
$462.8K
Cap Rate 7%
$330,586
$330.6K
Cap Rate 9%
$257,122
$257.1K
Market Conditions
NOI Build-Up for 758 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.9K $56.64/SF
− Vacancy
−$859 −$1.13/SF
EGI
$42.1K $55.51/SF
− OpEx
−$18.9K −$24.98/SF
NOI
$23.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,820
Cap Rate 7%
$330,586
Cap Rate 9%
$257,122
Alternative Uses
Best Use
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,141 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$627.6K
$549.2K – $732.2K
NOI $43,934 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern residence with private outdoor space, custom finishes, and access to shared rooftop amenities.
Where is this residential income property located?
The property is located at 17 Dodworth Street 2-F Brooklyn, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Private outdoor cabana included with the residence; One bedroom plus office and 1.5 bathrooms; Floor‑to‑ceiling, double‑paned windows provide abundant natural light
