Three-Bedroom Residential Income
For Sale
$995,000
264 WEBSTER Avenue PH809, Brooklyn, NY 11230
Penthouse condominium with two private terraces, included parking, and full-service building amenities.
Property Size1,235 SF
Price / SF$805.67
Days on Market49
Property Features for 264 WEBSTER Avenue PH809
General Information
Standard status
Active
Size
1,235 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$144
Amenities
24-hour doorman/front desk
mailroom services
security
library/workspace
landscaped roof deck with grilling area
children's playroom
pet spa
Building Details
Building Size
1,235 SF
Year Built
2019
Listing Agency:
Serhant
Listed By:
Abigail Palanca
(718) 938-7308
Source:
Howardhannanyc
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 25 at 1:51AM
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 Serhant
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Investment Insights
Based on property information with market context.
PH809 is a three-bedroom, two-bathroom penthouse condominium measuring 1,235 square feet, with two private terraces and included parking. The residence features hardwood flooring, oversized windows, central air, and an in-unit washer and dryer. Its open kitchen includes wood cabinetry, stainless steel appliances, a dishwasher, prep space, and a seating island, while the adjoining living and dining area connects to a terrace. The primary bedroom also has private terrace access, and the floor plan includes generous closet storage.
Building services include a 24-hour doorman and front desk, mailroom services, security, a library and workspace, a landscaped roof deck with grilling area, children's playroom, and pet spa. A tax abatement is in place through 2034.
Building services include a 24-hour doorman and front desk, mailroom services, security, a library and workspace, a landscaped roof deck with grilling area, children's playroom, and pet spa. A tax abatement is in place through 2034.
Key Highlights
- Three‑bedroom, two‑bathroom penthouse condominium
- 1,235 square feet with two private terraces
- Included parking and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,703
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,060
$754.1K
Cap Rate 7%
$538,614
$538.6K
Cap Rate 9%
$418,922
$418.9K
Market Conditions
NOI Build-Up for 1,235 SF
Gross rent
$70.0K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$68.6K $55.51/SF
− OpEx
−$30.8K −$24.98/SF
NOI
$37.7K $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%
$754,060
Cap Rate 7%
$538,614
Cap Rate 9%
$418,922
Alternative Uses
Best Use
Apartment 5plus
$538.6K
$471.3K – $628.4K
NOI $37,703 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.02M
$894.8K – $1.19M
NOI $71,581 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,656
Businesses Nearby
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Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Penthouse condominium with two private terraces, included parking, and full-service building amenities.
Where is this residential income property located?
The property is located at 264 WEBSTER Avenue PH809 Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom penthouse condominium; 1,235 square feet with two private terraces; Included parking and in‑unit washer and dryer
