Two-Bedroom Residential Income
For Sale
$699,000
275 WEBSTER Avenue 4L, Brooklyn, NY 11230
Renovated co-op residence pairs a flexible work area with two full bathrooms.
Property Size1,200 SF
Price / SF$582.50
Days on Market18
Property Features for 275 WEBSTER Avenue 4L
General Information
Standard status
Active
Size
1,200 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
common backyard
laundry facilities
bike storage
Building Details
Building Size
1,200 SF
Year Built
1964
Listing Agency:
Serhant
Listed By:
Abigail Palanca
(718) 938-7308
Source:
Howardhannanyc
Added: Sep 22
Changed: Oct 8
Last Checked: Oct 7 at 5:16PM
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
Investment Insights
Based on property information with market context.
This renovated 1,200-square-foot co-op residence has two bedrooms and two full bathrooms, including an ensuite bath off the primary bedroom. A redesigned kitchen with a dishwasher and generous storage opens to the living and dining area. The entry includes built-in bookshelves and a dedicated workspace, and southern exposure brings natural light into the home. The building was constructed in 1964 and has elevator service.
Residents have access to a landscaped shared backyard, upgraded laundry facilities, and bike storage. Parking is available through a wait list, and the building permits pets.
The property is in Kensington, Brooklyn, near restaurants, cafés, and shops along the Cortelyou Corridor. Prospect Park and the F train are nearby, as are the B and Q trains.
Residents have access to a landscaped shared backyard, upgraded laundry facilities, and bike storage. Parking is available through a wait list, and the building permits pets.
The property is in Kensington, Brooklyn, near restaurants, cafés, and shops along the Cortelyou Corridor. Prospect Park and the F train are nearby, as are the B and Q trains.
Key Highlights
- Renovated co‑op residence with 2 bedrooms and 2 full bathrooms
- 1,200 square feet with southern exposure
- Elevator building constructed in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,635
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,700
$732.7K
Cap Rate 7%
$523,357
$523.4K
Cap Rate 9%
$407,056
$407.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$68.0K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$66.6K $55.51/SF
− OpEx
−$30.0K −$24.98/SF
NOI
$36.6K $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%
$732,700
Cap Rate 7%
$523,357
Cap Rate 9%
$407,056
Alternative Uses
Best Use
Apartment 5plus
$523.4K
$457.9K – $610.6K
NOI $36,635 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,656
Businesses Nearby
Explore this area
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 - Renovated co-op residence pairs a flexible work area with two full bathrooms.
Where is this residential income property located?
The property is located at 275 WEBSTER Avenue 4L Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Renovated co‑op residence with 2 bedrooms and 2 full bathrooms; 1,200 square feet with southern exposure; Elevator building constructed in 1964
