3-Bedroom
For Sale
Contact for pricing
2-284 E 39th St, Brooklyn, NY 11203
Second-floor residence with separate dining space, a practical kitchen, and convenient access to shopping, schools, and public transportation.
Property Size1,000 SF
Price / SF$3.30
Days on Market188
Property Features for 2-284 E 39th St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Residential Income
Listing Agency:
Keller Williams Realty Empire
Listed By:
Hamim Mustakim
(718) 954-8400
Source:
Exprealty
Added: Apr 26
Changed: Oct 25
Last Checked: Oct 28 at 3:08PM
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 Keller Williams Realty Empire
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 second-floor apartment provides approximately 1,000 square feet with three bedrooms and one bathroom. The layout includes a living room, a distinct dining area, a functional kitchen, and generously proportioned bedrooms.
The residence is positioned near shopping, schools, and public transportation. Its combination of bedroom count, defined living areas, and accessible setting supports residential occupancy within an income-property offering.
The residence is positioned near shopping, schools, and public transportation. Its combination of bedroom count, defined living areas, and accessible setting supports residential occupancy within an income-property offering.
Key Highlights
- Three‑bedroom, one‑bath apartment on the second floor
- Approximately 1,000 square feet of residential space
- Separate living room and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,580
$610.6K
Cap Rate 7%
$436,129
$436.1K
Cap Rate 9%
$339,211
$339.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$56.6K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$55.5K $55.51/SF
− OpEx
−$25.0K −$24.98/SF
NOI
$30.5K $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%
$610,580
Cap Rate 7%
$436,129
Cap Rate 9%
$339,211
Alternative Uses
Best Use
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,529 @ 7.0% cap · market cap 925.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 1,756.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
5,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor residence with separate dining space, a practical kitchen, and convenient access to shopping, schools, and public transportation.
Where is this residential income property located?
The property is located at 2-284 E 39th St Brooklyn, NY.
What are key features of this property?
This property features: Three‑bedroom, one‑bath apartment on the second floor; Approximately 1,000 square feet of residential space; Separate living room and dining area
