Prewar Residential Income
For Sale
$1,150,000
177 Kingston Avenue 4A, Brooklyn, NY 11213
Top-floor condominium residence with park views, updated interiors, and convenient access to neighborhood transit and amenities.
Property Size1,125 SF
Price / SF$1,022
Days on Market9
Property Features for 177 Kingston Avenue 4A
General Information
Standard status
Active
Size
1,125 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,033
Amenities
hardwood floors
in-unit washer and dryer
storage unit
Building Details
Building Size
1,125 SF
Year Built
1901
Listing Agency:
Compass
Listed By:
Sabelo Sabelo Narasimhan
(917) 539-1068
Source:
Howardhannanyc
Added: Sep 9
Changed: Sep 16
Last Checked: Sep 15 at 10:32AM
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 Compass
Investment Insights
Based on property information with market context.
This top-floor condominium residence in a landmarked prewar building offers 1,125 square feet with three bedrooms and two bathrooms. Four exposures, 9'4" ceilings, tree-lined park views, and new windows bring abundant natural light into the open living and dining area. The kitchen includes full-size stainless steel appliances and quartz countertops, while the split-bedroom layout provides separation between the primary suite and secondary bedrooms. Updated bathrooms feature a deep soaking tub and a walk-in shower. Refinished hardwood floors, generous closet storage, and an in-unit washer and dryer add everyday functionality.
Built in 1901, the pet-friendly condominium includes a 52-square-foot storage unit with the sale. The property sits across from Brower Park and the Brooklyn Children's Museum on a quiet, tree-lined block in Crown Heights. A/C and 2/3/4 train service is nearby, along with cafes, bakeries, restaurants, and boutique shops.
Built in 1901, the pet-friendly condominium includes a 52-square-foot storage unit with the sale. The property sits across from Brower Park and the Brooklyn Children's Museum on a quiet, tree-lined block in Crown Heights. A/C and 2/3/4 train service is nearby, along with cafes, bakeries, restaurants, and boutique shops.
Key Highlights
- 1,125‑square‑foot top‑floor condominium with three bedrooms and two bathrooms
- Four exposures, 9'4" ceilings, new windows, and park views
- Open kitchen with full‑size stainless steel appliances and quartz countertops
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
$34,345
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
2.99%
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%
$686,900
$686.9K
Cap Rate 7%
$490,643
$490.6K
Cap Rate 9%
$381,611
$381.6K
Market Conditions
NOI Build-Up for 1,125 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
$63.7K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$62.4K $55.51/SF
− OpEx
−$28.1K −$24.98/SF
NOI
$34.3K $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%
$686,900
Cap Rate 7%
$490,643
Cap Rate 9%
$381,611
Alternative Uses
Best Use
Apartment 5plus
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$931.5K
$815.1K – $1.09M
NOI $65,205 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,194
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium residence with park views, updated interiors, and convenient access to neighborhood transit and amenities.
Where is this residential income property located?
The property is located at 177 Kingston Avenue 4A Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1,125‑square‑foot top‑floor condominium with three bedrooms and two bathrooms; Four exposures, 9'4" ceilings, new windows, and park views; Open kitchen with full‑size stainless steel appliances and quartz countertops
