For-Sale Apartment
For Sale
$9,000,000
325 1st Street, Brooklyn, NY 11215
For sale multifamily apartment building at 325 1st Street in Park Slope, Brooklyn.
Property Size23,800 SF
Days on Market95
Property Features for 325 1st Street
General Information
Standard status
Active
Size
23,800 SF
Property subtype
Multifamily
Amenities
16 FM | 14 RS | 1 RC
Low Average FM Apartment Rent
Building in Good Condition
Cellular Tower Asset
4 Subway Stops into Manhattan via "R, 4, 5, B, 2, 3" Trains
Building Details
Building Size
23,800 SF
Units
31
Listing Agency:
Marcus & Millichap | Manhattan
Listed By:
Matt Fotis · License #License(s): NY: 10301207136
(212) 430-5234
Source:
Marcusmillichap
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 5:13AM
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 Marcus & Millichap | Manhattan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
325 1st Street is a for-sale apartment building in Brooklyn’s Park Slope neighborhood, offered as a residential income property.
The property is located at 325 1st Street between 5th Avenue and 6th Avenue. The listing is priced at $9,900,000, with a stated 6.79% figure included in the public remarks.
This offering is categorized under apartment buildings and multifamily properties, aligning with its residential income use.
The property is located at 325 1st Street between 5th Avenue and 6th Avenue. The listing is priced at $9,900,000, with a stated 6.79% figure included in the public remarks.
This offering is categorized under apartment buildings and multifamily properties, aligning with its residential income use.
Key Highlights
- For sale multifamily apartment building at 325 1st Street in Park Slope, Brooklyn, New York
- Building is located between 5th Avenue and 6th Avenue in Park Slope
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$726,589
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,531,780
$14.5M
Cap Rate 7%
$10,379,843
$10.4M
Cap Rate 9%
$8,073,211
$8.1M
Market Conditions
NOI Build-Up for 23,800 SF
Gross rent
$1.35M $56.64/SF
− Vacancy
−$27.0K −$1.13/SF
EGI
$1.32M $55.51/SF
− OpEx
−$594.5K −$24.98/SF
NOI
$726.6K $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%
$14,531,780
Cap Rate 7%
$10,379,843
Cap Rate 9%
$8,073,211
Alternative Uses
Best Use
Apartment 5plus
$10.38M
$9.08M – $12.11M
NOI $726,589 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.71M
$17.24M – $22.99M
NOI $1,379,448 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
8,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - For sale multifamily apartment building at 325 1st Street in Park Slope, Brooklyn.
Where is this apartment building located?
The property is located at 325 1st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: For sale multifamily apartment building at 325 1st Street in Park Slope, Brooklyn, New York; Building is located between 5th Avenue and 6th Avenue in Park Slope
