Residential Income Property with
For Sale
$950,000
17 Dodworth Street 4-C, Brooklyn, NY 11221
Duplex layout includes two bedrooms, two bathrooms, and an in-unit washer/dryer.
Property Size991 SF
Price / SF$958.63
Days on Market102
Property Features for 17 Dodworth Street 4-C
General Information
Standard status
Active
Size
991 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,816
Amenities
rooftop deck
private rooftop cabanas
on-site parking
video intercom
private lobby
internet and cable pre-wiring
private storage rooms
in-unit washer/dryer
Building Details
Building Size
991 SF
Year Built
2026
Listing Agency:
REAVIS DEVELOPMENT MARKETING LLC
Listed By:
Natanel Malkoukian
(646) 361-3276
Source:
Carytamura
Added: May 29
Changed: Sep 6
Last Checked: Sep 6 at 11:48AM
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 duplex penthouse in the Dodworth Collective condominium, completed in 2026. The 991-square-foot residence provides two bedrooms and two bathrooms across two levels. Its lower floor combines living, dining, and kitchen areas, while the upper level contains the primary suite, en-suite bathroom, and a private 165-square-foot terrace. Additional features include floor-to-ceiling double-paned windows, engineered hardwood flooring, Mitsubishi multi-zone climate control, European cabinetry, Carrara marble, quartz surfaces, Miele and Bertazzoni appliances, and an in-unit washer/dryer.
Building amenities include a rooftop deck, private rooftop cabanas, on-site parking, private storage rooms, a lobby, and video intercom access. The property is located on Dodworth Street in Bushwick, near Maria Hernandez Park, restaurants, cafés, and bars. The M, J, and Z subway lines are also nearby.
Building amenities include a rooftop deck, private rooftop cabanas, on-site parking, private storage rooms, a lobby, and video intercom access. The property is located on Dodworth Street in Bushwick, near Maria Hernandez Park, restaurants, cafés, and bars. The M, J, and Z subway lines are also nearby.
Key Highlights
- Duplex penthouse with two bedrooms and two bathrooms
- Private 165‑square‑foot terrace adjoining the primary suite
- 991‑square‑foot residence in a condominium completed in 2026
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
$30,254
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
3.18%
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%
$605,080
$605.1K
Cap Rate 7%
$432,200
$432.2K
Cap Rate 9%
$336,156
$336.2K
Market Conditions
NOI Build-Up for 991 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
$56.1K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$55.0K $55.51/SF
− OpEx
−$24.8K −$24.98/SF
NOI
$30.3K $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%
$605,080
Cap Rate 7%
$432,200
Cap Rate 9%
$336,156
Alternative Uses
Best Use
Apartment 5plus
$432.2K
$378.2K – $504.2K
NOI $30,254 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$820.5K
$718.0K – $957.3K
NOI $57,438 @ 7.0% cap · market cap 6.05%
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 - Duplex layout includes two bedrooms, two bathrooms, and an in-unit washer/dryer.
Where is this residential income property located?
The property is located at 17 Dodworth Street 4-C Brooklyn, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Duplex penthouse with two bedrooms and two bathrooms; Private 165‑square‑foot terrace adjoining the primary suite; 991‑square‑foot residence in a condominium completed in 2026
