For-Sale Apartment
325 1st Street Brooklyn, NY 11215
New
For Sale
$9,900,000
For sale multifamily apartment building at 325 1st Street in Park Slope, Brooklyn.
Days on Market4
Property Features for 325 1st Street
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
(212) 430-5234
Listed By:
Matt Fotis · License #License(s): NY: 10301207136
(212) 430-5234
Source:
Marcusmillichap
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 28 at 3:06AM
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 Matt Fotis
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.35M | $56.64 |
| − Vacancy | −$27.0k | −$1.13 |
| EGI | $1.32M | $55.51 |
| − OpEx | −$594.5k | −$24.98 |
| NOI | $726.6k | $30.53 |
23,800 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.38M
$9.08M – $12.11M
NOI $726,589 @ 7.0% cap · market cap 7.34%
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 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $9,900,000.
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
