Three-Bedroom Residential Income
For Sale
$829,000
219 Weirfield Street 3, Brooklyn, NY 11221
Third-floor residence with a shared roof deck, virtual doorman, and basement laundry room.
Property Size945 SF
Price / SF$877.25
Days on Market27
Property Features for 219 Weirfield Street 3
General Information
Standard status
Active
Size
945 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$3,852
Building Details
Building Size
945 SF
Year Built
2018
Listing Agency:
R New York
Listed By:
Tatyana Salvatore
(917) 344-0205
Source:
Nilelundgren
Added: Sep 9
Changed: Oct 3
Last Checked: Oct 4 at 2:50PM
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 R New York
Investment Insights
Based on property information with market context.
Apartment 3 is a 945-square-foot, third-floor residence completed in 2018 with three bedrooms and one bathroom. The interior features an open layout, oversized windows, premium flooring, custom closet storage, and a separate dining area. Its kitchen includes stainless steel appliances, quartz countertops, and a distinctive tile backsplash.
Building amenities include a virtual doorman, basement laundry room, and shared roof deck. The property is located on Weirfield Street in Brooklyn’s Bushwick neighborhood, adjacent to Irving Square Park. The Halsey Street L train station is within walking distance and provides an approximately 20-minute ride to Manhattan.
Building amenities include a virtual doorman, basement laundry room, and shared roof deck. The property is located on Weirfield Street in Brooklyn’s Bushwick neighborhood, adjacent to Irving Square Park. The Halsey Street L train station is within walking distance and provides an approximately 20-minute ride to Manhattan.
Key Highlights
- 945‑square‑foot third‑floor residence with 3 bedrooms and 1 bathroom
- Completed in 2018
- Open layout with separate dining area and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,850
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,000
$577.0K
Cap Rate 7%
$412,143
$412.1K
Cap Rate 9%
$320,556
$320.6K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$53.5K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$52.5K $55.51/SF
− OpEx
−$23.6K −$24.98/SF
NOI
$28.8K $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%
$577,000
Cap Rate 7%
$412,143
Cap Rate 9%
$320,556
Alternative Uses
Best Use
Apartment 5plus
$412.1K
$360.6K – $480.8K
NOI $28,850 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$782.5K
$684.7K – $912.9K
NOI $54,772 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor residence with a shared roof deck, virtual doorman, and basement laundry room.
Where is this residential income property located?
The property is located at 219 Weirfield Street 3 Brooklyn, NY.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: 945‑square‑foot third‑floor residence with 3 bedrooms and 1 bathroom; Completed in 2018; Open layout with separate dining area and oversized windows
