One-Bedroom Residential Income
New
For Sale
$533,500
407 OCEANVIEW Avenue 2A, Brooklyn, NY 11235
The residence includes a full bathroom and an eat-in kitchen.
Property Size530 SF
Price / SF$1,006
Days on Market7
Property Features for 407 OCEANVIEW Avenue 2A
General Information
Standard status
Active
Size
530 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$5,856
Amenities
Eat in Kitchen
Building Details
Building Size
530 SF
Year Built
2016
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Carlinwright
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 11:41PM
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 ISLAND ADVANTAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This 530-square-foot residential income property was built in 2016. Its layout includes one bedroom, a full bathroom, and an eat-in kitchen.
Key Highlights
- 530‑square‑foot residence built in 2016
- One‑bedroom layout with a full bathroom
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,180
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,600
$323.6K
Cap Rate 7%
$231,143
$231.1K
Cap Rate 9%
$179,778
$179.8K
Market Conditions
NOI Build-Up for 530 SF
Gross rent
$30.0K $56.64/SF
− Vacancy
−$600 −$1.13/SF
EGI
$29.4K $55.51/SF
− OpEx
−$13.2K −$24.98/SF
NOI
$16.2K $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%
$323,600
Cap Rate 7%
$231,143
Cap Rate 9%
$179,778
Alternative Uses
Best Use
Apartment 5plus
$231.1K
$202.3K – $269.7K
NOI $16,180 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$438.8K
$384.0K – $512.0K
NOI $30,719 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a full bathroom and an eat-in kitchen.
Where is this residential income property located?
The property is located at 407 OCEANVIEW Avenue 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $533,500.
What are key features of this property?
This property features: 530‑square‑foot residence built in 2016; One‑bedroom layout with a full bathroom; Eat‑in kitchen
