Residential Income Property with Private
For Sale
$595,000
17 Dodworth Street 3-C, Brooklyn, NY 11221
Newly built Bushwick residence with private outdoor space, designer finishes, and access to rooftop amenities.
Property Size574 SF
Price / SF$1,036
Days on Market88
Property Features for 17 Dodworth Street 3-C
General Information
Standard status
Active
Size
574 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$3,936
Building Details
Building Size
574 SF
Year Built
2026
Listing Agency:
REAVIS DEVELOPMENT MARKETING LLC
(646) 361-3276
Listed By:
Natanel Malkoukian
(646) 361-3276
Source:
Carytamura
Added: May 29
Changed: Aug 20
Last Checked: Aug 23 at 9:31AM
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 574-square-foot residential income property is scheduled for completion in 2026 and features an open living, dining, and kitchen arrangement with floor-to-ceiling, double-paned windows. The residence includes engineered hardwood flooring, recessed lighting, multi-zone Mitsubishi split systems, a private cabana, and a kitchen outfitted with European cabinetry, Carrara marble, quartz surfaces, and Miele and Bertazzoni appliances. A bedroom with a reach-in closet, a bathroom with a walk-in shower and custom vanity, and an in-unit LG washer/dryer complete the layout.
Building amenities include a shared rooftop deck with stone pavers, private rooftop cabanas, available on-site parking, a video intercom system, private storage rooms, and a lobby. The property is on a tree-lined Bushwick street near restaurants, cafes, bars, Maria Hernandez Park, and the M, J, and Z subway lines.
Building amenities include a shared rooftop deck with stone pavers, private rooftop cabanas, available on-site parking, a video intercom system, private storage rooms, and a lobby. The property is on a tree-lined Bushwick street near restaurants, cafes, bars, Maria Hernandez Park, and the M, J, and Z subway lines.
Key Highlights
- 574 SF residential property
- 2026 construction year
- Private cabana for outdoor use
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
$17,524
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
2.95%
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%
$350,480
$350.5K
Cap Rate 7%
$250,343
$250.3K
Cap Rate 9%
$194,711
$194.7K
Market Conditions
NOI Build-Up for 574 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
$32.5K $56.64/SF
− Vacancy
−$650 −$1.13/SF
EGI
$31.9K $55.51/SF
− OpEx
−$14.3K −$24.98/SF
NOI
$17.5K $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 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%
$350,480
Cap Rate 7%
$250,343
Cap Rate 9%
$194,711
Alternative Uses
Best Use
Apartment 5plus
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$475.3K
$415.9K – $554.5K
NOI $33,269 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Newly built Bushwick residence with private outdoor space, designer finishes, and access to rooftop amenities.
Where is this residential income property located?
The property is located at 17 Dodworth Street 3-C Brooklyn, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 574 SF residential property; 2026 construction year; Private cabana for outdoor use
