First-Floor Residential Income
For Sale
$425,000
240 COZINE Avenue 1E, Brooklyn, NY 11207
Two-bedroom condominium with renovated finishes, private balcony, and building amenities.
Property Size884 SF
Price / SF$480.77
Days on Market130
Property Features for 240 COZINE Avenue 1E
General Information
Standard status
Active
Size
884 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,228
Amenities
private security
secure lobby
live-in super
laundry room
playground
community room
storage
Building Details
Building Size
884 SF
Year Built
1990
Listing Agency:
Brooklyn Real Property Inc
Listed By:
Jean Paul Ho · License #JPH8888
(718) 875-8899
Source:
Carlinwright
Added: Jun 2
Changed: Sep 25
Last Checked: Oct 7 at 4:11PM
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.
This first-floor condominium includes two bedrooms, a generously sized living room, formal dining area, pass-through kitchen with granite countertops, renovated bathroom, and a private 110 sq. ft. balcony facing landscaped grounds. The dining area can be converted to a third bedroom. The residence is located in a building constructed in 1990 and includes access to a secure lobby, elevator, laundry room, playground, community room, and live-in superintendent.
Building services and common charges include heat, hot and cold water, cooking gas, master insurance, and security. Storage and parking are available for an additional fee. The property permits pets and has no rental restrictions. It is located near Gateway Center, Chisholm Park, shopping, restaurants, public transportation, train service, an Amazon distribution center, JFK Airport, and Resorts World Casino.
Building services and common charges include heat, hot and cold water, cooking gas, master insurance, and security. Storage and parking are available for an additional fee. The property permits pets and has no rental restrictions. It is located near Gateway Center, Chisholm Park, shopping, restaurants, public transportation, train service, an Amazon distribution center, JFK Airport, and Resorts World Casino.
Key Highlights
- Two‑bedroom, first‑floor condominium with a private 110 sq. ft. balcony
- Formal dining area offers the option to create a third bedroom
- Pass‑through kitchen features granite countertops; bathroom has been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,988
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,760
$539.8K
Cap Rate 7%
$385,543
$385.5K
Cap Rate 9%
$299,867
$299.9K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$50.1K $56.64/SF
− Vacancy
−$1.0K −$1.13/SF
EGI
$49.1K $55.51/SF
− OpEx
−$22.1K −$24.98/SF
NOI
$27.0K $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%
$539,760
Cap Rate 7%
$385,543
Cap Rate 9%
$299,867
Alternative Uses
Best Use
Apartment 5plus
$385.5K
$337.4K – $449.8K
NOI $26,988 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$732.0K
$640.5K – $854.0K
NOI $51,237 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with renovated finishes, private balcony, and building amenities.
Where is this residential income property located?
The property is located at 240 COZINE Avenue 1E Brooklyn, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑bedroom, first‑floor condominium with a private 110 sq. ft. balcony; Formal dining area offers the option to create a third bedroom; Pass‑through kitchen features granite countertops; bathroom has been renovated
