Residential Income Property with
For Sale
$1,295,000
Pending
373 RUTLAND Road 2A, Brooklyn, NY 11225
Three-bedroom residence with private elevator entry, in-unit laundry, and access to a building fitness room.
Property Size1,264 SF
Days on Market92
Property Features for 373 RUTLAND Road 2A
General Information
Standard status
Pending
Size
1,264 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,924
Amenities
fitness room
private balcony
in-unit washer/dryer
private elevator entrance
Building Details
Building Size
1,264 SF
Year Built
2026
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Samantha Bhatty · License #10401315740
(212) 203-8277
Source:
Carlinwright
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 27 at 2:09AM
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
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Investment Insights
Based on property information with market context.
Residence 2A at 373 Rutland Road is a 1,264-square-foot three-bedroom, two-bath home with a 55-square-foot private balcony. The layout includes a foyer, integrated kitchen, dining and living areas, two additional bedrooms, and a rear primary suite with a walk-in closet and en-suite bathroom. Bosch appliances, quartz countertops, a soaking tub, rain shower, and in-unit washer and dryer add practical features throughout. Entry is available through both a traditional doorway and a private elevator entrance.
Building amenities include a fitness room with exercise bikes and treadmills. The property is in Prospect Lefferts Gardens, near Prospect Park, the LeFrak Center at Lakeside, and the Brooklyn Botanic Garden. Access to the 2, 5, B, and Q subway lines provides connections to Manhattan and other Brooklyn destinations.
Building amenities include a fitness room with exercise bikes and treadmills. The property is in Prospect Lefferts Gardens, near Prospect Park, the LeFrak Center at Lakeside, and the Brooklyn Botanic Garden. Access to the 2, 5, B, and Q subway lines provides connections to Manhattan and other Brooklyn destinations.
Key Highlights
- 1,264‑square‑foot three‑bedroom, two‑bath residence
- 55‑square‑foot private balcony connected to the living area
- Private elevator entrance and traditional entryway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,589
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,780
$771.8K
Cap Rate 7%
$551,271
$551.3K
Cap Rate 9%
$428,767
$428.8K
Market Conditions
NOI Build-Up for 1,264 SF
Gross rent
$71.6K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$70.2K $55.51/SF
− OpEx
−$31.6K −$24.98/SF
NOI
$38.6K $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%
$771,780
Cap Rate 7%
$551,271
Cap Rate 9%
$428,767
Alternative Uses
Best Use
Apartment 5plus
$551.3K
$482.4K – $643.2K
NOI $38,589 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.05M
$915.8K – $1.22M
NOI $73,261 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with private elevator entry, in-unit laundry, and access to a building fitness room.
Where is this residential income property located?
The property is located at 373 RUTLAND Road 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1,264‑square‑foot three‑bedroom, two‑bath residence; 55‑square‑foot private balcony connected to the living area; Private elevator entrance and traditional entryway
