Two-Bedroom Residential Income
For Sale
Contact for pricing
1r-345 Legion St, Brooklyn, NY 11212
The apartment has an updated kitchen, a tiled bathroom, and bright living areas.
Property Size700 SF
Price / SF$3.29
Days on Market18
Property Features for 1r-345 Legion St
General Information
Standard status
Active
Size
700 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,451
Amenities
modern kitchen
updated bathroom
full-size appliances
bright living spaces
neutral paint tones
tiled kitchen flooring
Listing Agency:
Champion Nation Realty Corp.
Listed By:
Chris Honore
(718) 724-2606
Source:
Exprealty
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 28 at 12:59PM
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 Champion Nation Realty Corp.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom apartment in Brooklyn, New York, features an updated kitchen with wood cabinetry, tiled backsplash, countertops, a gas stove, and a refrigerator. The bathroom has contemporary tile and modern fixtures. Bright rooms and neutral paint tones complete the interior, with tile flooring in the kitchen.
The tenant is responsible for utilities. The apartment is near public transportation, shops, schools, and neighborhood amenities.
The tenant is responsible for utilities. The apartment is near public transportation, shops, schools, and neighborhood amenities.
Key Highlights
- Two bedrooms and one bathroom
- Updated kitchen with cabinetry, tiled backsplash, countertops, gas stove, and refrigerator
- Bathroom finished with contemporary tile and modern fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,400
$427.4K
Cap Rate 7%
$305,286
$305.3K
Cap Rate 9%
$237,444
$237.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$39.6K $56.64/SF
− Vacancy
−$793 −$1.13/SF
EGI
$38.9K $55.51/SF
− OpEx
−$17.5K −$24.98/SF
NOI
$21.4K $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%
$427,400
Cap Rate 7%
$305,286
Cap Rate 9%
$237,444
Alternative Uses
Best Use
Apartment 5plus
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 929.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$579.6K
$507.2K – $676.2K
NOI $40,572 @ 7.0% cap · market cap 1,764.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,646
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment has an updated kitchen, a tiled bathroom, and bright living areas.
Where is this residential income property located?
The property is located at 1r-345 Legion St Brooklyn, NY.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Updated kitchen with cabinetry, tiled backsplash, countertops, gas stove, and refrigerator; Bathroom finished with contemporary tile and modern fixtures
