Residential Income Property with Roof
For Sale
$625,000
299 Stockholm Street 2-F, Brooklyn, NY 11237
One-bedroom residence with integrated Bosch appliances, in-unit laundry, modern finishes, and access to a landscaped shared roof deck.
Property Size583 SF
Days on Market31
Property Features for 299 Stockholm Street 2-F
General Information
Standard status
Active
Size
583 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,264
Amenities
in-unit washer/dryer
shared roof deck
virtual doorman
video intercom
Building Details
Building Size
583 SF
Year Built
2026
Listing Agency:
Nest Seekers LLC
Listed By:
Michael Bethoney
(212) 252-8772
Source:
Tricialee
Added: Aug 10
Changed: Sep 4
Last Checked: Sep 9 at 7:13AM
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 Nest Seekers LLC
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom, one-bathroom residence within the GiiO boutique condo collection. The home includes a living and dining area, a custom kitchen with integrated Bosch appliances, oak cabinetry, quartz surfaces, and matte black hardware. Wide-plank white oak flooring, recessed lighting, floor-to-ceiling double-pane windows, and multi-zone heating and cooling add to the interior specification. An in-unit Bosch washer and dryer is also provided.
The bathroom features Porcelanosa tile, a custom vanity with integrated storage, an oversized mirror, and coordinated matte black fixtures. Building amenities include a landscaped shared roof deck with skyline views, virtual doorman service, and a video intercom system. The property is near Maria Hernandez Park, local cafes, restaurants, boutiques, and art spaces, with access to the L and M trains.
The bathroom features Porcelanosa tile, a custom vanity with integrated storage, an oversized mirror, and coordinated matte black fixtures. Building amenities include a landscaped shared roof deck with skyline views, virtual doorman service, and a video intercom system. The property is near Maria Hernandez Park, local cafes, restaurants, boutiques, and art spaces, with access to the L and M trains.
Key Highlights
- One‑bedroom, one‑bathroom residence in the GiiO boutique condo collection
- Custom kitchen with integrated Bosch appliances, oak cabinetry, and quartz countertops
- In‑unit Bosch washer and dryer
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
$17,798
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
2.85%
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%
$355,960
$356.0K
Cap Rate 7%
$254,257
$254.3K
Cap Rate 9%
$197,756
$197.8K
Market Conditions
NOI Build-Up for 583 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
$33.0K $56.64/SF
− Vacancy
−$660 −$1.13/SF
EGI
$32.4K $55.51/SF
− OpEx
−$14.6K −$24.98/SF
NOI
$17.8K $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%
$355,960
Cap Rate 7%
$254,257
Cap Rate 9%
$197,756
Alternative Uses
Best Use
Apartment 5plus
$254.3K
$222.5K – $296.6K
NOI $17,798 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$482.7K
$422.4K – $563.2K
NOI $33,791 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with integrated Bosch appliances, in-unit laundry, modern finishes, and access to a landscaped shared roof deck.
Where is this residential income property located?
The property is located at 299 Stockholm Street 2-F Brooklyn, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom residence in the GiiO boutique condo collection; Custom kitchen with integrated Bosch appliances, oak cabinetry, and quartz countertops; In‑unit Bosch washer and dryer
