Studio Residential Income
For Sale
$399,999
309 Cooper Street 2A, Brooklyn, NY 11237
Contemporary studio residence with hardwood floors, in-unit laundry, central HVAC, and convenient subway access.
Property Size425 SF
Price / SF$941.17
Days on Market206
Property Features for 309 Cooper Street 2A
General Information
Standard status
Active
Size
425 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$6,120
Building Details
Building Size
425 SF
Year Built
2014
Listing Agency:
Compass
Listed By:
Marie C Bromberg
(646) 389-1887
Source:
Carlinwright
Added: Mar 18
Changed: Oct 8
Last Checked: Oct 7 at 6:43PM
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.
Unit 2A at 309 Cooper Street is a 425-square-foot studio residence completed in 2014. The loft-style interior features an open living and dining area, hardwood flooring, oversized windows, and a kitchen with modern appliances and ample counter space. In-unit laundry and central heating and cooling add practical functionality, while the home is located one flight above street level.
The property is in Bushwick, Brooklyn, near the Halsey L train. Transit connections include Myrtle-Wyckoff for the M train and Broadway Junction for the A, C, J, M, and Z lines, with an approximately 25-minute commute to Manhattan. The building is approved for NYC condo and co-op tax abatement, and the residence has historically rented within two weeks, according to the provided property information.
The property is in Bushwick, Brooklyn, near the Halsey L train. Transit connections include Myrtle-Wyckoff for the M train and Broadway Junction for the A, C, J, M, and Z lines, with an approximately 25-minute commute to Manhattan. The building is approved for NYC condo and co-op tax abatement, and the residence has historically rented within two weeks, according to the provided property information.
Key Highlights
- 425 SF studio residence in a 2014 building
- Hardwood floors, oversized windows, and open living‑dining layout
- Kitchen with modern appliances and generous counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,975
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,500
$259.5K
Cap Rate 7%
$185,357
$185.4K
Cap Rate 9%
$144,167
$144.2K
Market Conditions
NOI Build-Up for 425 SF
Gross rent
$24.1K $56.64/SF
− Vacancy
−$481 −$1.13/SF
EGI
$23.6K $55.51/SF
− OpEx
−$10.6K −$24.98/SF
NOI
$13.0K $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%
$259,500
Cap Rate 7%
$185,357
Cap Rate 9%
$144,167
Alternative Uses
Best Use
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,975 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$351.9K
$307.9K – $410.6K
NOI $24,633 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary studio residence with hardwood floors, in-unit laundry, central HVAC, and convenient subway access.
Where is this residential income property located?
The property is located at 309 Cooper Street 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 425 SF studio residence in a 2014 building; Hardwood floors, oversized windows, and open living‑dining layout; Kitchen with modern appliances and generous counter space
