Midwood Coop with Indoor
For Sale
$325,000
Pending
1770 E 14th St 5G, Brooklyn, NY 11229
Spacious 2-bedroom coop with included private indoor parking.
Property Size875 SF
Days on Market266
Property Features for 1770 E 14th St 5G
General Information
Standard status
Pending
Size
875 SF
Property subtype
Residential
Building Details
Building Size
875 SF
Year Built
1961
Units
76
Listing Agency:
Ilite Realty Inc
(718) 975-0555
Listed By:
Ayzik Nasimov
(718) 975-0555
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 10
Last Checked: Aug 20 at 11:38AM
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 Ilite Realty Inc
Investment Insights
Based on property information with market context.
This spacious two-bedroom (J-4) coop apartment in Midwood features hardwood floors throughout, large windows, an oversized living room and foyer, and a windowed separate eat-in kitchen. A private indoor parking space is included. The well-maintained building has a live-in super, an upgraded laundry facility, and a secure lobby. It is located a short distance from Kings Highway, the B & Q train station, and various shopping alternatives, including Target and TJ Maxx, and dining options such as Sunflower Cafe, Sushi, Chipotle, Starbucks, and Dunkin. Subletting is permitted from day 1 with board approval. Cats are allowed.
Key Highlights
- Spacious two‑bedroom apartment with hardwood floors and ample closet space.
- Private indoor parking space included.
- Sublet allowed from day 1 with board approval.
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
$26,713
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
8.22%
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%
$534,260
$534.3K
Cap Rate 7%
$381,614
$381.6K
Cap Rate 9%
$296,811
$296.8K
Market Conditions
NOI Build-Up for 875 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
$49.6K $56.64/SF
− Vacancy
−$991 −$1.13/SF
EGI
$48.6K $55.51/SF
− OpEx
−$21.9K −$24.98/SF
NOI
$26.7K $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%
$534,260
Cap Rate 7%
$381,614
Cap Rate 9%
$296,811
Alternative Uses
Best Use
Retail
$599.4K
$524.5K – $699.3K
NOI $41,960 @ 7.0% cap · market cap 12.91%
Second Best
Apartment 5plus
$381.6K
$333.9K – $445.2K
NOI $26,713 @ 7.0% cap · market cap 8.22%
Theoretical Best
Specialty Retail
$724.5K
$633.9K – $845.3K
NOI $50,715 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Spacious 2-bedroom coop with included private indoor parking.
Where is this apartment building located?
The property is located at 1770 E 14th St 5G Brooklyn, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Spacious two‑bedroom apartment with hardwood floors and ample closet space.; Private indoor parking space included.; Sublet allowed from day 1 with board approval.
