Garden Apartment Co-op with
For Sale
$405,000
289 Bay 19th St B, Brooklyn, NY 11214
One-bedroom co-op with renovated bathroom, hardwood floors, and private patio.
Property Size650 SF
Days on Market334
Property Features for 289 Bay 19th St B
General Information
Standard status
Active
Size
650 SF
Property subtype
Residential
Building Details
Building Size
650 SF
Units
129
Listed By:
Ayzik Nasimov
(718) 975-0555
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:45PM
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 Ayzik Nasimov
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Investment Insights
Based on property information with market context.
This 1-bedroom garden apartment co-op is located on a quiet, tree-lined block and offers ocean views toward Shore Parkway. The home features a renovated tile bathroom, hardwood floors, and customized cabinets and closets. A front patio provides space for outdoor relaxation and entertaining. Ample closet space is available. The complex is pet-friendly, and the unit has a low monthly maintenance fee. The property is located in a neighborhood near transportation, including the Express Bus to Manhattan, and is minutes from shopping and local amenities.
Key Highlights
- Prime location near all transportation, including Express Bus to Manhattan.
- Serene ocean views toward Shore Parkway.
- Exclusive use of a front patio.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,889
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,780
$317.8K
Cap Rate 7%
$226,986
$227.0K
Cap Rate 9%
$176,544
$176.5K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$30.0K $46.20/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$28.9K $44.44/SF
− OpEx
−$13.0K −$20.00/SF
NOI
$15.9K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,780
Cap Rate 7%
$226,986
Cap Rate 9%
$176,544
Alternative Uses
Best Use
Apartment 5plus
$227.0K
$198.6K – $264.8K
NOI $15,889 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.2K
$331.8K – $442.4K
NOI $26,542 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom co-op with renovated bathroom, hardwood floors, and private patio.
Where is this apartment building located?
The property is located at 289 Bay 19th St B Brooklyn, NY.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Prime location near all transportation, including Express Bus to Manhattan.; Serene ocean views toward Shore Parkway.; Exclusive use of a front patio.
