Apartment with Hardwood
For Sale
Contact for pricing
2-1536 President St, Brooklyn, NY 11231
Heat and hot water are included, while residents pay separately for gas and electricity.
Property Size1,473 SF
Price / SF$2.72
Days on Market8
Property Features for 2-1536 President St
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,804
Listing Agency:
RE/MAX Edge
Listed By:
Marcia Chung · License #10401281050
(718) 612-3088
Source:
Exprealty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 28 at 2:58PM
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 RE/MAX Edge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,473-square-foot apartment at 2-1536 President St offers a 3.5-bedroom layout and one bathroom. Hardwood flooring runs through the residence, with natural light and spacious rooms. The kitchen has wood cabinetry and storage, and the bathroom features updated finishes.
Bus and train service is accessible from the property, and a laundromat is a short distance away. Heat and hot water are included; residents are responsible for gas and electricity.
Bus and train service is accessible from the property, and a laundromat is a short distance away. Heat and hot water are included; residents are responsible for gas and electricity.
Key Highlights
- 1,473‑square‑foot apartment with 3.5 bedrooms and 1 bathroom
- Hardwood flooring and naturally lit rooms
- Kitchen with wood cabinetry and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,969
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,380
$899.4K
Cap Rate 7%
$642,414
$642.4K
Cap Rate 9%
$499,656
$499.7K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$83.4K $56.64/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$81.8K $55.51/SF
− OpEx
−$36.8K −$24.98/SF
NOI
$45.0K $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%
$899,380
Cap Rate 7%
$642,414
Cap Rate 9%
$499,656
Alternative Uses
Best Use
Apartment 5plus
$642.4K
$562.1K – $749.5K
NOI $44,969 @ 7.0% cap · market cap 1,124.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,375 @ 7.0% cap · market cap 2,134.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
8,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Heat and hot water are included, while residents pay separately for gas and electricity.
Where is this residential income property located?
The property is located at 2-1536 President St Brooklyn, NY.
What are key features of this property?
This property features: 1,473‑square‑foot apartment with 3.5 bedrooms and 1 bathroom; Hardwood flooring and naturally lit rooms; Kitchen with wood cabinetry and storage
