Residential Income Property with
For Sale
$948,000
38 Autumn Avenue, Brooklyn, NY 11208
The finished interior includes storage, baseboard natural gas heat, and wall or window air-conditioning units.
Property Size2,680 SF
Days on Market18
Property Features for 38 Autumn Avenue
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,983
Amenities
Wall/Window Unit(s)
Baseboard, Natural Gas
Finished
Storage
Chain Link
Driveway, Garage
Colonial
Building Details
Building Size
2,680 SF
Year Built
1960
Listing Agency:
Keller Williams Realty Landmark
Listed By:
Annie Hsu · License #10301207568
(917) 725-7588
Source:
Evrealestate
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 28 at 8:14AM
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 Keller Williams Realty Landmark
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Investment Insights
Based on property information with market context.
This 1960 residential income property has a finished interior with storage. Heating is provided by baseboard equipment using natural gas, and cooling is through wall or window units. The exterior is Colonial in style, with a chain-link feature, driveway, and garage.
The property is located in Brooklyn, Kings County.
The property is located in Brooklyn, Kings County.
Key Highlights
- Built in 1960
- Finished interior with storage
- Baseboard natural gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,257
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,140
$1.2M
Cap Rate 7%
$875,100
$875.1K
Cap Rate 9%
$680,633
$680.6K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$115.8K $43.20/SF
− Vacancy
−$4.4K −$1.64/SF
EGI
$111.4K $41.56/SF
− OpEx
−$50.1K −$18.70/SF
NOI
$61.3K $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%
$1,225,140
Cap Rate 7%
$875,100
Cap Rate 9%
$680,633
Alternative Uses
Best Use
Apartment 5plus
$875.1K
$765.7K – $1.02M
NOI $61,257 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,788 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
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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 - The finished interior includes storage, baseboard natural gas heat, and wall or window air-conditioning units.
Where is this residential income property located?
The property is located at 38 Autumn Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Built in 1960; Finished interior with storage; Baseboard natural gas heat
