One-Bedroom Residential Income
For Sale
$500,000
307 Cooper Street 3A, Brooklyn, NY 11237
Bright condominium residence with upgraded kitchen, in-unit laundry, and central air conditioning.
Property Size542 SF
Price / SF$922.51
Days on Market17
Property Features for 307 Cooper Street 3A
General Information
Standard status
Active
Size
542 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$3,403
Building Details
Building Size
542 SF
Year Built
2015
Listing Agency:
Compass
Listed By:
Kelly Waters
(917) 809-0395
Source:
Carlinwright
Added: Sep 15
Changed: Sep 29
Last Checked: Sep 30 at 4:42PM
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 Compass
Investment Insights
Based on property information with market context.
This 2015-built condominium residence features one bedroom, oak hardwood flooring, and floor-to-ceiling windows oriented east for abundant natural light and sunrise views. The kitchen includes white lacquer Italian cabinetry, Arctic White Quartz countertops, a penny-tile backsplash, polished chrome fixtures, and stainless steel appliances with a five-burner range, full-size refrigerator/freezer, and dishwasher. Additional interior features include an in-unit washer/dryer, central air conditioning, a deep soaking tub, custom walnut bathroom cabinetry, and an unusually large storage room.
The property is in Bushwick near the Halsey and Wilson L stations and the Chauncey Street J/Z station. Connections to the M train at Myrtle-Wyckoff Avenues and the A/C trains at Broadway Junction are also available. Nearby neighborhood destinations include Tikal Cafe, Lil House Party, Pan, and Nowadays.
The property is in Bushwick near the Halsey and Wilson L stations and the Chauncey Street J/Z station. Connections to the M train at Myrtle-Wyckoff Avenues and the A/C trains at Broadway Junction are also available. Nearby neighborhood destinations include Tikal Cafe, Lil House Party, Pan, and Nowadays.
Key Highlights
- One‑bedroom condominium completed in 2015
- Floor‑to‑ceiling east‑facing windows provide natural light and sunrise views
- Kitchen with Italian cabinetry, Arctic White Quartz counters, and stainless steel appliances
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
$16,547
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
3.31%
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%
$330,940
$330.9K
Cap Rate 7%
$236,386
$236.4K
Cap Rate 9%
$183,856
$183.9K
Market Conditions
NOI Build-Up for 542 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
$30.7K $56.64/SF
− Vacancy
−$614 −$1.13/SF
EGI
$30.1K $55.51/SF
− OpEx
−$13.5K −$24.98/SF
NOI
$16.5K $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%
$330,940
Cap Rate 7%
$236,386
Cap Rate 9%
$183,856
Alternative Uses
Best Use
Apartment 5plus
$236.4K
$206.8K – $275.8K
NOI $16,547 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$448.8K
$392.7K – $523.6K
NOI $31,414 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,336
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Bright condominium residence with upgraded kitchen, in-unit laundry, and central air conditioning.
Where is this residential income property located?
The property is located at 307 Cooper Street 3A Brooklyn, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: One‑bedroom condominium completed in 2015; Floor‑to‑ceiling east‑facing windows provide natural light and sunrise views; Kitchen with Italian cabinetry, Arctic White Quartz counters, and stainless steel appliances
