Residential Income Property with
For Sale
$938,000
1858 83RD Street 2A, Brooklyn, NY 11214
The second-floor residence includes deeded parking, a private storage area, and an in-unit washer and dryer.
Property Size1,285 SF
Price / SF$729.96
Days on Market15
Property Features for 1858 83RD Street 2A
General Information
Standard status
Active
Size
1,285 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,676
Amenities
private balcony
hardwood floors
high ceilings
recessed lighting
split-system air conditioning
in-unit washer/dryer
basement storage
Building Details
Building Size
1,285 SF
Year Built
2000
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Margaret A Calarco · License #10401295514
(917) 282-5635
Source:
Miradorrealestate
Added: Sep 25
Changed: Sep 30
Last Checked: Oct 7 at 3:52PM
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 1,285-square-foot, second-floor condominium has three bedrooms and two full bathrooms. Interior features include 9-foot ceilings, hardwood floors, recessed lighting, and closets throughout. The primary bedroom has an en-suite bathroom, a walk-in closet, and access to a private balcony. Split-system air conditioning serves every room, and the unit includes an in-unit washer and dryer, basement storage, and deeded parking.
Located in Brooklyn’s Bensonhurst neighborhood, the property is near public transportation, shopping, restaurants, and schools. The address is 1858 83rd Street, Brooklyn, NY 11214.
Located in Brooklyn’s Bensonhurst neighborhood, the property is near public transportation, shopping, restaurants, and schools. The address is 1858 83rd Street, Brooklyn, NY 11214.
Key Highlights
- 1,285‑square‑foot condominium with three bedrooms and two full bathrooms
- Private balcony accessed from the primary bedroom
- Deeded parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,411
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,220
$628.2K
Cap Rate 7%
$448,729
$448.7K
Cap Rate 9%
$349,011
$349.0K
Market Conditions
NOI Build-Up for 1,285 SF
Gross rent
$59.4K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.1K $44.44/SF
− OpEx
−$25.7K −$20.00/SF
NOI
$31.4K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,220
Cap Rate 7%
$448,729
Cap Rate 9%
$349,011
Alternative Uses
Best Use
Apartment 5plus
$448.7K
$392.6K – $523.5K
NOI $31,411 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.6K
$655.9K – $874.5K
NOI $52,472 @ 7.0% cap · market cap 5.59%
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
4,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor residence includes deeded parking, a private storage area, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 1858 83RD Street 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $938,000.
What are key features of this property?
This property features: 1,285‑square‑foot condominium with three bedrooms and two full bathrooms; Private balcony accessed from the primary bedroom; Deeded parking space
