Residential Income Property with Private
For Sale
$975,000
430 KOSCIUSZKO Street 3A, Brooklyn, NY 11221
Third-floor residence with a private balcony, Bosch-appointed kitchen, central climate control, and in-unit laundry.
Property Size915 SF
Price / SF$1,065
Days on Market92
Property Features for 430 KOSCIUSZKO Street 3A
General Information
Standard status
Active
Size
915 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
Bosch appliances
wine refrigerator
custom-built wooden desk
outdoor space
radiant floor heating
deep soaking tub with rain shower
white marble vanity
floor-to-ceiling windows
tailored closet systems with sensors
central heating and cooling
in-unit washer/dryer
basement storage
balcony
private foyer entry
Building Details
Building Size
915 SF
Year Built
2022
Listing Agency:
Corcoran Group
(646) 462-0226
Listed By:
Samuel-Christoph H Tedjasukmana
(646) 462-0226
Source:
Carytamura
Added: May 14
Changed: Aug 12
Last Checked: Aug 12 at 3:10PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 915-square-foot third-floor residence is arranged with two bedrooms, a private foyer, an expansive kitchen, and an open living area that accommodates both dining and sitting spaces. Bosch appliances include a cooktop and microwave, while the dishwasher and refrigerator are integrated behind matching panels. Custom cabinetry, integrated lighting, shelving, a built-in desk, and a wine refrigerator add practical detail. The home also includes central heating and cooling, an in-unit washer/dryer, and separate basement storage.
Floor-to-ceiling windows bring natural light into both bedrooms, which feature tailored closet systems and contemporary lighting. The bathroom includes mosaic tile, radiant floor heating, a soaking tub with rain shower, and a white marble vanity. A private balcony extends from the primary bedroom, while an additional outdoor area adjoins the living room. The residence is part of a five-unit condominium completed in 2022, near the J train, Kosciuszko Gardens, Eleanor Roosevelt Playground, and Herbert Von King Park.
Floor-to-ceiling windows bring natural light into both bedrooms, which feature tailored closet systems and contemporary lighting. The bathroom includes mosaic tile, radiant floor heating, a soaking tub with rain shower, and a white marble vanity. A private balcony extends from the primary bedroom, while an additional outdoor area adjoins the living room. The residence is part of a five-unit condominium completed in 2022, near the J train, Kosciuszko Gardens, Eleanor Roosevelt Playground, and Herbert Von King Park.
Key Highlights
- 915 SF third‑floor residence in a five‑unit condominium
- Completed in 2022
- Private balcony off the primary bedroom
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
$27,934
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
2.87%
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%
$558,680
$558.7K
Cap Rate 7%
$399,057
$399.1K
Cap Rate 9%
$310,378
$310.4K
Market Conditions
NOI Build-Up for 915 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
$51.8K $56.64/SF
− Vacancy
−$1.0K −$1.13/SF
EGI
$50.8K $55.51/SF
− OpEx
−$22.9K −$24.98/SF
NOI
$27.9K $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%
$558,680
Cap Rate 7%
$399,057
Cap Rate 9%
$310,378
Alternative Uses
Best Use
Apartment 5plus
$399.1K
$349.2K – $465.6K
NOI $27,934 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$757.6K
$662.9K – $883.9K
NOI $53,033 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor residence with a private balcony, Bosch-appointed kitchen, central climate control, and in-unit laundry.
Where is this residential income property located?
The property is located at 430 KOSCIUSZKO Street 3A Brooklyn, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 915 SF third‑floor residence in a five‑unit condominium; Completed in 2022; Private balcony off the primary bedroom
