Residential Income Property with
For Sale
$485,000
240 Cozine Avenue 5D, Brooklyn, NY 11207
Updated interiors feature hardwood flooring, stainless steel appliances, and flexible living space in a well-equipped residential building.
Property Size1,186 SF
Price / SF$408.94
Days on Market155
Property Features for 240 Cozine Avenue 5D
General Information
Standard status
Active
Size
1,186 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
3BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,939
Amenities
on-site superintendent
laundry facilities
playground
landscaped gardens
private balcony
Building Details
Building Size
1,186 SF
Listing Agency:
Compass
Listed By:
Stanley Wong
(917) 334-8123
Source:
Howardhannanyc
Added: May 26
Changed: Oct 25
Last Checked: Oct 26 at 9:58PM
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.
This 1,186-square-foot residential income property offers a three-bedroom, one-and-a-half-bath layout with an open living arrangement, hardwood flooring, and large windows. The kitchen includes stainless steel appliances, a dishwasher, microwave, black granite countertops, and hazelwood cabinetry. Updated bathroom fixtures, a private balcony, walk-in closet, and additional storage support everyday functionality.
Building amenities include two elevators, an on-site superintendent, laundry facilities, a playground, and landscaped courtyard areas. The property is near Gateway Center, with BJ’s Wholesale Club, Home Depot, Lidl, Best Buy, restaurants, and entertainment venues nearby. Shirley Chisholm State Park, Kennedy Airport, the 3 and L subway lines, and multiple bus routes are also in the surrounding area.
Building amenities include two elevators, an on-site superintendent, laundry facilities, a playground, and landscaped courtyard areas. The property is near Gateway Center, with BJ’s Wholesale Club, Home Depot, Lidl, Best Buy, restaurants, and entertainment venues nearby. Shirley Chisholm State Park, Kennedy Airport, the 3 and L subway lines, and multiple bus routes are also in the surrounding area.
Key Highlights
- 1,186 SF three‑bedroom, 1.5‑bath residential income property
- Private balcony plus walk‑in closet and additional storage areas
- Kitchen with stainless steel appliances, dishwasher, microwave, granite counters, and hazelwood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,207
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,140
$724.1K
Cap Rate 7%
$517,243
$517.2K
Cap Rate 9%
$402,300
$402.3K
Market Conditions
NOI Build-Up for 1,186 SF
Gross rent
$67.2K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$65.8K $55.51/SF
− OpEx
−$29.6K −$24.98/SF
NOI
$36.2K $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%
$724,140
Cap Rate 7%
$517,243
Cap Rate 9%
$402,300
Alternative Uses
Best Use
Apartment 5plus
$517.2K
$452.6K – $603.5K
NOI $36,207 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$982.0K
$859.3K – $1.15M
NOI $68,741 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors feature hardwood flooring, stainless steel appliances, and flexible living space in a well-equipped residential building.
Where is this residential income property located?
The property is located at 240 Cozine Avenue 5D Brooklyn, NY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,186 SF three‑bedroom, 1.5‑bath residential income property; Private balcony plus walk‑in closet and additional storage areas; Kitchen with stainless steel appliances, dishwasher, microwave, granite counters, and hazelwood cabinetry
