One-Bedroom Residential Income
For Sale
$459,000
2260 BENSON Avenue 1J, Brooklyn, NY 11214
First-floor co-op residence with a renovated kitchen, elevator access, and flexible living space.
Property Size900 SF
Price / SF$510
Days on Market139
Property Features for 2260 BENSON Avenue 1J
General Information
Standard status
Active
Size
900 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
laundry room
indoor parking
live-in superintendent
pet-friendly
Building Details
Building Size
900 SF
Year Built
1956
Listing Agency:
Brooklyn Real Property Inc
Listed By:
Jean Paul Ho · License #JPH8888
(718) 875-8899
Source:
Miradorrealestate
Added: Apr 20
Changed: Aug 23
Last Checked: Sep 5 at 5:47AM
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 Brooklyn Real Property Inc
Investment Insights
Based on property information with market context.
Located at 2260 BENSON Avenue 1J in Brooklyn, this approximately 900-square-foot, one-bedroom co-op occupies the first floor of a 1956 elevator building. The layout includes an oversized living room, separate rooms, a generous entry foyer, and multiple closets. A renovated, windowed eat-in kitchen, windowed bathroom, and parquet wood floors add practical character, while multiple windows provide natural light. The living room offers flexibility for a home office or additional sleeping area.
Building amenities include a laundry room, live-in superintendent, and indoor parking available through a waitlist. Pets are permitted with board approval. The property is near shopping and daily services around 86th Street, Bay Parkway, and Caesars Bay, with restaurants, supermarkets, pharmacies, and public transportation including the D train and B1, B6, and B82 bus lines nearby.
Building amenities include a laundry room, live-in superintendent, and indoor parking available through a waitlist. Pets are permitted with board approval. The property is near shopping and daily services around 86th Street, Bay Parkway, and Caesars Bay, with restaurants, supermarkets, pharmacies, and public transportation including the D train and B1, B6, and B82 bus lines nearby.
Key Highlights
- Approximately 900 sq ft one‑bedroom co‑op on the first floor
- Renovated windowed eat‑in kitchen and windowed bathroom
- Oversized living room with flexible office or sleeping‑area use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,000
$440.0K
Cap Rate 7%
$314,286
$314.3K
Cap Rate 9%
$244,444
$244.4K
Market Conditions
NOI Build-Up for 900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.6K $46.20/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$40.0K $44.44/SF
− OpEx
−$18.0K −$20.00/SF
NOI
$22.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,000
Cap Rate 7%
$314,286
Cap Rate 9%
$244,444
Alternative Uses
Best Use
Apartment 5plus
$314.3K
$275.0K – $366.7K
NOI $22,000 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.0K
$459.4K – $612.5K
NOI $36,751 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,494
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor co-op residence with a renovated kitchen, elevator access, and flexible living space.
Where is this residential income property located?
The property is located at 2260 BENSON Avenue 1J Brooklyn, NY.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Approximately 900 sq ft one‑bedroom co‑op on the first floor; Renovated windowed eat‑in kitchen and windowed bathroom; Oversized living room with flexible office or sleeping‑area use
