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 Market49
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: Sep 7
Last Checked: Sep 7 at 8:46AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,818
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
