Colonial Residential Income
For Sale
$1,049,000
37 Montauk Avenue, Brooklyn, NY 11208
Built in 1910, the property includes ductless features and finished full interior space.
Property Size2,124 SF
Days on Market57
Property Features for 37 Montauk Avenue
General Information
Standard status
Active
Size
2,124 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,367
Amenities
Ductless
See Remarks
Finished, Full
On Street
Colonial
Building Details
Building Size
2,124 SF
Year Built
1910
Listing Agency:
City Homes Realty Group LLC
Listed By:
Segundo F. Agudo CBR E-PRO
(718) 255-9888
Source:
Evrealestate
Added: Aug 10
Changed: Sep 29
Last Checked: Oct 4 at 9:38AM
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 City Homes Realty Group LLC
Investment Insights
Based on property information with market context.
This residential income property at 37 Montauk Avenue in Brooklyn was built in 1910. Its features include a Colonial-style exterior, ductless systems, and finished full interior space. On-street parking is also noted.
Key Highlights
- Built in 1910
- Colonial‑style exterior with ductless features
- Finished full interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,549
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,980
$971.0K
Cap Rate 7%
$693,557
$693.6K
Cap Rate 9%
$539,433
$539.4K
Market Conditions
NOI Build-Up for 2,124 SF
Gross rent
$91.8K $43.20/SF
− Vacancy
−$3.5K −$1.64/SF
EGI
$88.3K $41.56/SF
− OpEx
−$39.7K −$18.70/SF
NOI
$48.5K $22.86/SF
Area
ZIP 11208
Vacancy
3.80%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,980
Cap Rate 7%
$693,557
Cap Rate 9%
$539,433
Alternative Uses
Best Use
Apartment 5plus
$693.6K
$606.9K – $809.2K
NOI $48,549 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,974 @ 7.0% cap · market cap 8.67%
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
3,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1910, the property includes ductless features and finished full interior space.
Where is this residential income property located?
The property is located at 37 Montauk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Built in 1910; Colonial‑style exterior with ductless features; Finished full interior space
