Residential Income Property with
For Sale
$730,000
423 95TH Street 2H, Brooklyn, NY 11209
Second-floor one-bedroom residence with contemporary interiors, in-unit laundry, elevator access, and a private outdoor retreat.
Property Size740 SF
Price / SF$986.49
Days on Market12
Property Features for 423 95TH Street 2H
General Information
Standard status
Active
Size
740 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
private storage
landscaped courtyard
secure indoor parking
private balcony
in-unit washer/dryer
Building Details
Building Size
740 SF
Year Built
1980
Listing Agency:
Serhant
(347) 525-1021
Listed By:
Irina Balueva
(347) 525-1021
Source:
Howardhannanyc
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 14 at 12:38PM
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 Serhant
Investment Insights
Based on property information with market context.
Residence 2H is a 740-square-foot, second-floor one-bedroom, one-bath condominium residence with a private balcony and an efficient open layout. The interior combines wide-plank wood floors, oversized windows, contemporary fixtures, and an updated kitchen equipped with two-tone cabinetry, quartz counters, stainless-steel appliances, and a waterfall island. A full-size washer and dryer are integrated into the kitchen cabinetry, while the bedroom provides generous closet space and room for a king-size bed. The bathroom includes a soaking tub, floating vanity, and finished tilework.
Bay Ridge Commons is a 1980-built elevator condominium with private storage, a landscaped courtyard, and secure indoor parking available for purchase. The property is located on 95th Street in Brooklyn, near neighborhood cafés, restaurants, shopping, waterfront parks, and Shore Road Promenade. Access to the R train, express bus service, and the Belt Parkway supports travel throughout Brooklyn and to Manhattan. The sponsor pays common charges for the first year.
Bay Ridge Commons is a 1980-built elevator condominium with private storage, a landscaped courtyard, and secure indoor parking available for purchase. The property is located on 95th Street in Brooklyn, near neighborhood cafés, restaurants, shopping, waterfront parks, and Shore Road Promenade. Access to the R train, express bus service, and the Belt Parkway supports travel throughout Brooklyn and to Manhattan. The sponsor pays common charges for the first year.
Key Highlights
- 740‑square‑foot second‑floor residence with 1 bedroom and 1 bath
- Private balcony extends the open living and dining area
- Kitchen with quartz countertops, stainless‑steel appliances, and waterfall island
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,820
$451.8K
Cap Rate 7%
$322,729
$322.7K
Cap Rate 9%
$251,011
$251.0K
Market Conditions
NOI Build-Up for 740 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.9K $56.64/SF
− Vacancy
−$838 −$1.13/SF
EGI
$41.1K $55.51/SF
− OpEx
−$18.5K −$24.98/SF
NOI
$22.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,820
Cap Rate 7%
$322,729
Cap Rate 9%
$251,011
Alternative Uses
Best Use
Apartment 5plus
$322.7K
$282.4K – $376.5K
NOI $22,591 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$612.7K
$536.1K – $714.8K
NOI $42,890 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor one-bedroom residence with contemporary interiors, in-unit laundry, elevator access, and a private outdoor retreat.
Where is this residential income property located?
The property is located at 423 95TH Street 2H Brooklyn, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 740‑square‑foot second‑floor residence with 1 bedroom and 1 bath; Private balcony extends the open living and dining area; Kitchen with quartz countertops, stainless‑steel appliances, and waterfall island
