Contemporary Residential Income
For Sale
$875,000
179 20th Street 4-C, Brooklyn, NY 11232
One-bedroom home with a private terrace, integrated appliances, and in-unit laundry.
Property Size821 SF
Price / SF$1,065
Days on Market83
Property Features for 179 20th Street 4-C
General Information
Standard status
Active
Size
821 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$770
Amenities
private terrace
fitness center
landscaped terrace
in-unit washer/dryer
Building Details
Building Size
821 SF
Year Built
2024
Listing Agency:
Nest Seekers LLC
Listed By:
Michael Bethoney
(212) 252-8772
Source:
Penrealty
Added: Jun 16
Changed: Aug 31
Last Checked: Sep 5 at 5:18AM
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 Nest Seekers LLC
Investment Insights
Based on property information with market context.
This contemporary residential income property is a 1-bedroom, 1-bathroom residence in a 2024-built building. The interior combines an open living, dining, and kitchen arrangement with floor-to-ceiling UV-blocking windows, custom cabinetry, quartz countertops, and fully integrated Fisher & Paykel appliances. A private terrace faces tree-lined streets, while the bedroom includes ample closet space and double-paned windows. The bathroom has oversized illuminated wall tile, a floating toilet, and a deep soaking tub. Additional features include European-style pop-out Schuco windows, a full-size stacked washer and dryer, multi-zone heating and cooling, and substantial storage.
Building amenities include a state-of-the-art fitness center and landscaped terrace. The property is at 179 20th Street in Brooklyn’s South Slope area, near the R, W, N, D, and G trains, with subway access to Manhattan in under 25 minutes. Prospect Park, restaurants, boutique shopping, and cultural destinations are also identified in the surrounding area.
Building amenities include a state-of-the-art fitness center and landscaped terrace. The property is at 179 20th Street in Brooklyn’s South Slope area, near the R, W, N, D, and G trains, with subway access to Manhattan in under 25 minutes. Prospect Park, restaurants, boutique shopping, and cultural destinations are also identified in the surrounding area.
Key Highlights
- 1‑bedroom, 1‑bathroom residence in a 2024‑built building
- Private terrace overlooking tree‑lined streets
- Fully integrated Fisher & Paykel appliances and quartz‑topped kitchen island
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
$25,064
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
2.86%
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%
$501,280
$501.3K
Cap Rate 7%
$358,057
$358.1K
Cap Rate 9%
$278,489
$278.5K
Market Conditions
NOI Build-Up for 821 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
$46.5K $56.64/SF
− Vacancy
−$930 −$1.13/SF
EGI
$45.6K $55.51/SF
− OpEx
−$20.5K −$24.98/SF
NOI
$25.1K $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%
$501,280
Cap Rate 7%
$358,057
Cap Rate 9%
$278,489
Alternative Uses
Best Use
Apartment 5plus
$358.1K
$313.3K – $417.7K
NOI $25,064 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$679.8K
$594.8K – $793.1K
NOI $47,585 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom home with a private terrace, integrated appliances, and in-unit laundry.
Where is this residential income property located?
The property is located at 179 20th Street 4-C Brooklyn, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bathroom residence in a 2024‑built building; Private terrace overlooking tree‑lined streets; Fully integrated Fisher & Paykel appliances and quartz‑topped kitchen island
