Residential Income Property with
For Sale
$1,800,000
Pending
403 Stockholm Street, Brooklyn, NY 11237
A 1935-built property features natural gas, wall or window cooling, and a full kitchen.
Property Size2,720 SF
Days on Market62
Property Features for 403 Stockholm Street
General Information
Standard status
Pending
Size
2,720 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,878
Amenities
Wall/Window Unit(s)
Natural Gas
Full
Eat-in Kitchen, Ceiling Fan(s), High Ceilings, Storage
Garage
Building Details
Building Size
2,720 SF
Year Built
1935
Listing Agency:
Capri Jet Realty Corp.
Listed By:
Theo F. Eastwind · License #10301212398
(718) 388-2188
Source:
Evrealestate
Added: Aug 31
Changed: Oct 25
Last Checked: Oct 30 at 2:13PM
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 Capri Jet Realty Corp.
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Investment Insights
Based on property information with market context.
This residential income property dates to 1935 and includes a garage. Interior features include natural gas, wall or window air-conditioning units, and a full kitchen, with eat-in kitchen space, high ceilings, ceiling fans, and storage.
Key Highlights
- Built in 1935
- Garage on site
- Full kitchen with eat‑in area, ceiling fans, high ceilings, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,039
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,780
$1.7M
Cap Rate 7%
$1,186,271
$1.2M
Cap Rate 9%
$922,656
$922.7K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$154.1K $56.64/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$151.0K $55.51/SF
− OpEx
−$67.9K −$24.98/SF
NOI
$83.0K $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%
$1,660,780
Cap Rate 7%
$1,186,271
Cap Rate 9%
$922,656
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,039 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,651 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,819
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 1935-built property features natural gas, wall or window cooling, and a full kitchen.
Where is this residential income property located?
The property is located at 403 Stockholm Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Built in 1935; Garage on site; Full kitchen with eat‑in area, ceiling fans, high ceilings, and storage
