Residential Income Property with
For Sale
$1,095,000
Pending
185 13TH Street 1B, Brooklyn, NY 11215
Two-bedroom condominium residence with private outdoor space, natural light, and convenient subway access.
Property Size1,177 SF
Days on Market160
Property Features for 185 13TH Street 1B
General Information
Standard status
Pending
Size
1,177 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,504
Amenities
terrace
in-unit washer and dryer
radiant heated floors
Building Details
Building Size
1,177 SF
Year Built
2009
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Douglas M Bowen · License #10301217443
(646) 247-0822
Source:
Carlinwright
Added: Apr 30
Changed: Sep 27
Last Checked: Oct 5 at 9:30PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom condominium residence with one full bathroom and one powder room. The 1,177-square-foot interior includes an open kitchen with dark wood cabinetry, stone counters, glass tile backsplash, and stainless-steel appliances. Brazilian cherrywood flooring, floor-to-ceiling windows, an in-unit washer and dryer, generous closets, and a flexible bonus area add practical functionality. The home was built in 2009.
A two-level private terrace provides 650 square feet of outdoor space with room for dining, lounging, gardening, and entertaining. Both bedrooms open directly to the terrace through sliding glass doors. The property is located at 185 13TH Street 1B in Brooklyn, NY 11215, near the F, G, and R subway lines and between Gowanus and Park Slope. Nearby context includes Prospect Park, neighborhood restaurants, cafés, boutiques, and cultural venues.
A two-level private terrace provides 650 square feet of outdoor space with room for dining, lounging, gardening, and entertaining. Both bedrooms open directly to the terrace through sliding glass doors. The property is located at 185 13TH Street 1B in Brooklyn, NY 11215, near the F, G, and R subway lines and between Gowanus and Park Slope. Nearby context includes Prospect Park, neighborhood restaurants, cafés, boutiques, and cultural venues.
Key Highlights
- 1,177‑square‑foot two‑bedroom condominium residence
- 650 square feet of private, two‑level outdoor space
- Floor‑to‑ceiling windows and Brazilian cherrywood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,933
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,660
$718.7K
Cap Rate 7%
$513,329
$513.3K
Cap Rate 9%
$399,256
$399.3K
Market Conditions
NOI Build-Up for 1,177 SF
Gross rent
$66.7K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$65.3K $55.51/SF
− OpEx
−$29.4K −$24.98/SF
NOI
$35.9K $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 Rate 5%
$718,660
Cap Rate 7%
$513,329
Cap Rate 9%
$399,256
Alternative Uses
Best Use
Apartment 5plus
$513.3K
$449.2K – $598.9K
NOI $35,933 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$974.6K
$852.7K – $1.14M
NOI $68,219 @ 7.0% cap · market cap 6.23%
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
5,816
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium residence with private outdoor space, natural light, and convenient subway access.
Where is this residential income property located?
The property is located at 185 13TH Street 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 1,177‑square‑foot two‑bedroom condominium residence; 650 square feet of private, two‑level outdoor space; Floor‑to‑ceiling windows and Brazilian cherrywood flooring
