234 Norwood Avenue, Brooklyn, NY 11208
New construction, six-unit apartment building near Norwood Avenue subway.
- Added:
- Sep 24, 2024
- Days on Market:
- 654
- Last Refresh:
- Jul 2 at 7:01 am
Property Features for 234 Norwood Avenue
General Information
- Standard status
- Active
- Size
- 8,296 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing office Revived Commercial
Listing date Sep 24, 2024
Source Crexi
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 Revived Commercial
HighLights
- New Construction (2024)
- Fully Rented 6‑Unit Free Market Apartment Building
- Large 2‑Bedroom Units
- Excellent Investment Opportunity (Day One Income)
- Located on a Beautiful Tree‑Lined Block
- One Block from Norwood Avenue Subway Station
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $358.4k | $43.20 |
| − Vacancy | −$13.6k | −$1.64 |
| EGI | $344.8k | $41.56 |
| − OpEx | −$155.1k | −$18.70 |
| NOI | $189.6k | $22.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.87921
- Latitude
- 40.680367
