Residential Income Condo with
For Sale
$569,000
401 Rutland Road 2E, Brooklyn, NY 11203
South-facing one-bedroom condo with a furnished terrace, fitness center, and indoor deeded parking.
Property Size527 SF
Price / SF$1,079
Days on Market78
Property Features for 401 Rutland Road 2E
General Information
Standard status
Active
Size
527 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$480
Amenities
roof deck
second-floor terrace
fitness center
virtual doorman
bike room
laundry room
package room
Building Details
Building Size
527 SF
Year Built
2019
Listing Agency:
Compass
Listed By:
Lauren Snisky
(646) 319-1874
Source:
Howardhannanyc
Added: Jul 24
Changed: Oct 8
Last Checked: Oct 7 at 6:53PM
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 Compass
Investment Insights
Based on property information with market context.
Residence 2E at 401 Rutland Road is a south-facing, one-bedroom condominium built in 2019 within The Rutland. The home totals 527 SF and features oversized double-pane Schuco windows and 7" wide-plank oak flooring for natural light and an airy feel. The kitchen includes Samsung appliances, quartz countertops with a tile backsplash, custom cabinetry, and Kohler fixtures, complemented by solid core doors and thermostat-controlled heating and cooling.
Residence 2E includes a dedicated storage unit, and the building offers shared amenities including a furnished roof deck, fitness center, virtual doorman, bike room, laundry room, and package room. Indoor deeded parking is available subject to availability and fees. The property also features a furnished second-floor terrace, described as accessible and located directly across the hall, along with a tax abatement.
Set in Prospect Lefferts Gardens, 401 Rutland places daily life close to local dining and cultural venues, with easy access to the 2/5 trains for citywide connectivity.
Residence 2E includes a dedicated storage unit, and the building offers shared amenities including a furnished roof deck, fitness center, virtual doorman, bike room, laundry room, and package room. Indoor deeded parking is available subject to availability and fees. The property also features a furnished second-floor terrace, described as accessible and located directly across the hall, along with a tax abatement.
Set in Prospect Lefferts Gardens, 401 Rutland places daily life close to local dining and cultural venues, with easy access to the 2/5 trains for citywide connectivity.
Key Highlights
- 527 SF south‑facing one‑bedroom residence in The Rutland built in 2019
- Furnished second‑floor terrace located directly across the hall
- Tax abatement plus furnished roof deck and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,089
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,780
$321.8K
Cap Rate 7%
$229,843
$229.8K
Cap Rate 9%
$178,767
$178.8K
Market Conditions
NOI Build-Up for 527 SF
Gross rent
$29.8K $56.64/SF
− Vacancy
−$597 −$1.13/SF
EGI
$29.3K $55.51/SF
− OpEx
−$13.2K −$24.98/SF
NOI
$16.1K $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%
$321,780
Cap Rate 7%
$229,843
Cap Rate 9%
$178,767
Alternative Uses
Best Use
Apartment 5plus
$229.8K
$201.1K – $268.2K
NOI $16,089 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.4K
$381.8K – $509.1K
NOI $30,545 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing one-bedroom condo with a furnished terrace, fitness center, and indoor deeded parking.
Where is this residential income property located?
The property is located at 401 Rutland Road 2E Brooklyn, NY.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 527 SF south‑facing one‑bedroom residence in The Rutland built in 2019; Furnished second‑floor terrace located directly across the hall; Tax abatement plus furnished roof deck and fitness center
