One-Bedroom Co-op on Sixth
For Sale
$350,000
330 LENOX Road 6S, Brooklyn, NY 11226
Sixth-floor one-bedroom co-op in a seven-story elevator building with laundry rooms on every floor.
Property Size780 SF
Price / SF$448.72
Days on Market163
Property Features for 330 LENOX Road 6S
General Information
Standard status
Active
Size
780 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
laundry room on every floor
package room
superintendent
lobby
24-hour gate attendant
parking garage
front courtyard
Building Details
Building Size
780 SF
Year Built
1964
Stories
7
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Damon Kinard · License #10401248863
(646) 408-6687
Source:
Howardhannanyc
Added: Mar 30
Changed: Sep 2
Last Checked: Sep 7 at 7:12AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Located at 330 Lenox Road, this one-bedroom, one-bath co-op sits on the sixth floor of a seven-story elevator building. The apartment is described as well-maintained and move-in-ready, with a spacious interior and a quiet, residential feel. A gracious foyer can function as a formal dining area or a home office, and the home includes excellent closet space. The kitchen offers generous countertop and cabinet storage.
The cooperative is supported by on-site staff, including a dedicated superintendent and a 24-hour gate attendant, along with a package room and an inviting lobby. Residents have access to a laundry room on every floor, plus a parking garage (subject to availability) and a lush front courtyard.
Built in 1964, the property is in Prospect Lefferts Gardens, with easy access to local restaurants, shops, and markets. The 2 and 5 trains are two short blocks away, offering convenient commuting into Manhattan.
The cooperative is supported by on-site staff, including a dedicated superintendent and a 24-hour gate attendant, along with a package room and an inviting lobby. Residents have access to a laundry room on every floor, plus a parking garage (subject to availability) and a lush front courtyard.
Built in 1964, the property is in Prospect Lefferts Gardens, with easy access to local restaurants, shops, and markets. The 2 and 5 trains are two short blocks away, offering convenient commuting into Manhattan.
Key Highlights
- One‑bedroom, one‑bath co‑op on the sixth floor
- Seven‑story elevator building with natural light
- Laundry room on every floor
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
$18,286
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
5.22%
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%
$365,720
$365.7K
Cap Rate 7%
$261,229
$261.2K
Cap Rate 9%
$203,178
$203.2K
Market Conditions
NOI Build-Up for 780 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
$34.6K $44.40/SF
− Vacancy
−$1.4K −$1.78/SF
EGI
$33.2K $42.62/SF
− OpEx
−$15.0K −$19.18/SF
NOI
$18.3K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /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%
$365,720
Cap Rate 7%
$261,229
Cap Rate 9%
$203,178
Alternative Uses
Best Use
Apartment 5plus
$261.2K
$228.6K – $304.8K
NOI $18,286 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.5K
$337.3K – $449.8K
NOI $26,987 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,773
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Sixth-floor one-bedroom co-op in a seven-story elevator building with laundry rooms on every floor.
Where is this residential income property located?
The property is located at 330 LENOX Road 6S Brooklyn, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath co‑op on the sixth floor; Seven‑story elevator building with natural light; Laundry room on every floor
