Duplex Penthouse Income
For Sale
$1,295,000
246 Maple Street PHA, Brooklyn, NY 11225
Two outdoor spaces and substantial basement storage add functional value to this residential income property.
Property Size1,206 SF
Price / SF$1,073
Days on Market98
Property Features for 246 Maple Street PHA
General Information
Standard status
Active
Size
1,206 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$14,400
Amenities
wraparound terrace
bbq
balcony
storage space
Building Details
Building Size
1,206 SF
Year Built
2022
Listing Agency:
Howard Hanna NYC
Listed By:
Mark Becker
(917) 544-2457
Source:
Howardhannanyc
Added: Jul 22
Changed: Oct 26
Last Checked: Oct 26 at 11:08PM
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 Howard Hanna NYC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2022, this 1,206-square-foot duplex penthouse includes two outdoor areas: a wraparound terrace connected to the primary bedroom and a balcony serving the second-largest bedroom. The terrace includes a barbecue, water, and electrical service. Large windows are present throughout the residence, bringing natural light into each room.
A bedroom-sized storage area is located in the basement. The property sits on a Brooklyn block characterized by classic architecture, with several nearby buildings identified as landmarked. Multiple train lines are close by, and Prospect Park is a few minutes away.
A bedroom-sized storage area is located in the basement. The property sits on a Brooklyn block characterized by classic architecture, with several nearby buildings identified as landmarked. Multiple train lines are close by, and Prospect Park is a few minutes away.
Key Highlights
- 1,206‑square‑foot duplex penthouse built in 2022
- Wraparound terrace off the primary bedroom with barbecue, water, and electric
- Additional balcony off the second‑largest bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,818
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,360
$736.4K
Cap Rate 7%
$525,971
$526.0K
Cap Rate 9%
$409,089
$409.1K
Market Conditions
NOI Build-Up for 1,206 SF
Gross rent
$68.3K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$66.9K $55.51/SF
− OpEx
−$30.1K −$24.98/SF
NOI
$36.8K $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%
$736,360
Cap Rate 7%
$525,971
Cap Rate 9%
$409,089
Alternative Uses
Best Use
Apartment 5plus
$526.0K
$460.2K – $613.6K
NOI $36,818 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$998.6K
$873.8K – $1.17M
NOI $69,900 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two outdoor spaces and substantial basement storage add functional value to this residential income property.
Where is this residential income property located?
The property is located at 246 Maple Street PHA Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1,206‑square‑foot duplex penthouse built in 2022; Wraparound terrace off the primary bedroom with barbecue, water, and electric; Additional balcony off the second‑largest bedroom
