Residential Income Property with Roof
For Sale
$433,000
309 Cooper Street 3B, Brooklyn, NY 11237
Studio residence in a 2014 low-rise building with in-unit laundry and shared roof deck access.
Property Size415 SF
Price / SF$1,043
Days on Market138
Property Features for 309 Cooper Street 3B
General Information
Standard status
Active
Size
415 SF
Property subtype
Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,680
Amenities
remote doorman
supplemental laundry facilities
shared roof deck
in-unit washer/dryer
dishwasher
central heating and air conditioning
Building Details
Building Size
415 SF
Year Built
2014
Listing Agency:
Compass
Listed By:
Joseph M Gallagher
(646) 522-7575
Source:
Miradorrealestate
Added: Jun 12
Changed: Oct 27
Last Checked: Oct 26 at 10:22PM
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
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Investment Insights
Based on property information with market context.
Residence 3B is a 415-square-foot studio within a low-rise building completed in 2014. The home features floor-to-ceiling windows, hardwood flooring, central heating and air conditioning, a full-size dishwasher, and an in-unit washer and dryer. A remote doorman and supplemental laundry facilities are also provided.
The property is located at 309 Cooper Street in Brooklyn, NY 11237, within the Bushwick area. Residents have access to a shared roof deck, adding an outdoor amenity to the building’s residential offering.
The property is located at 309 Cooper Street in Brooklyn, NY 11237, within the Bushwick area. Residents have access to a shared roof deck, adding an outdoor amenity to the building’s residential offering.
Key Highlights
- 415‑square‑foot studio residence
- Built in 2014
- Floor‑to‑ceiling windows and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,670
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,400
$253.4K
Cap Rate 7%
$181,000
$181.0K
Cap Rate 9%
$140,778
$140.8K
Market Conditions
NOI Build-Up for 415 SF
Gross rent
$23.5K $56.64/SF
− Vacancy
−$470 −$1.13/SF
EGI
$23.0K $55.51/SF
− OpEx
−$10.4K −$24.98/SF
NOI
$12.7K $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%
$253,400
Cap Rate 7%
$181,000
Cap Rate 9%
$140,778
Alternative Uses
Best Use
Apartment 5plus
$181.0K
$158.4K – $211.2K
NOI $12,670 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$343.6K
$300.7K – $400.9K
NOI $24,053 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,336
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Studio residence in a 2014 low-rise building with in-unit laundry and shared roof deck access.
Where is this residential income property located?
The property is located at 309 Cooper Street 3B Brooklyn, NY.
What is the asking price?
The asking price for this property is $433,000.
What are key features of this property?
This property features: 415‑square‑foot studio residence; Built in 2014; Floor‑to‑ceiling windows and hardwood flooring
