Residential Income Property with
For Sale
$900,000
2356 61st Street 1B, Brooklyn, NY 11204
Three-bedroom condominium with in-unit laundry, updated appliances, storage, and a spacious outdoor area on Brooklyn’s 61st Street.
Property Size1,050 SF
Price / SF$857.14
Days on Market209
Property Features for 2356 61st Street 1B
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,023
Amenities
private patio
laundry in unit
additional storage
new appliances
Building Details
Building Size
1,050 SF
Year Built
2000
Listing Agency:
Compass
Listed By:
Matthew Hakim
(586) 899-0241
Source:
Carlinwright
Added: Apr 3
Changed: Oct 27
Last Checked: Oct 27 at 12:13AM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 1B is a three-bedroom condominium on the second floor of a building constructed in 2000. The residence includes a generously sized living room, open kitchen with new appliances, three large bedrooms, and a primary bedroom with an attached bathroom. A substantial patio is reserved for the unit, while laundry is located inside the residence. Additional storage is available within the building at no additional charge.
The property is part of a multi-building condominium board and is located at 2356 61st Street in Brooklyn. The F and N trains are a short distance away, and schools are located nearby. Parking opportunities are available throughout the surrounding neighborhood.
The property is part of a multi-building condominium board and is located at 2356 61st Street in Brooklyn. The F and N trains are a short distance away, and schools are located nearby. Parking opportunities are available throughout the surrounding neighborhood.
Key Highlights
- Three‑bedroom condominium with 1,050 property size
- Private patio for Unit 1B
- Second‑floor location with one flight of stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,055
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,100
$641.1K
Cap Rate 7%
$457,929
$457.9K
Cap Rate 9%
$356,167
$356.2K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$59.5K $56.64/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$58.3K $55.51/SF
− OpEx
−$26.2K −$24.98/SF
NOI
$32.1K $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%
$641,100
Cap Rate 7%
$457,929
Cap Rate 9%
$356,167
Alternative Uses
Best Use
Apartment 5plus
$457.9K
$400.7K – $534.3K
NOI $32,055 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$869.4K
$760.7K – $1.01M
NOI $60,858 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,511
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with in-unit laundry, updated appliances, storage, and a spacious outdoor area on Brooklyn’s 61st Street.
Where is this residential income property located?
The property is located at 2356 61st Street 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑bedroom condominium with 1,050 property size; Private patio for Unit 1B; Second‑floor location with one flight of stairs
