Residential Income Property with
For Sale
$499,000
458 E 25th Street 408, Brooklyn, NY 11226
One-bedroom residence with a separate office nook, contemporary finishes, private outdoor space, and access to covered parking.
Property Size613 SF
Price / SF$814.03
Days on Market19
Property Features for 458 E 25th Street 408
General Information
Standard status
Active
Size
613 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR+home office
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,548
Amenities
private balcony
common terrace
bike storage
on-site covered parking
pets allowed
Building Details
Building Size
613 SF
Year Built
1901
Listing Agency:
Compass
(718) 415-4410
Listed By:
JOSHUA GOLAN
(718) 415-4410
Source:
Howardhannanyc
Added: Aug 6
Changed: Aug 23
Last Checked: Aug 23 at 8:41AM
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.
This residential income property offers a one-bedroom layout with a separate office nook that can also serve as a dining area or storage space. The residence includes an open living, dining, and kitchen arrangement, a private balcony, two bedroom closets, and a modern bathroom with floating vanities and matte black fixtures. Interior details include exposed concrete ceilings, Canadian oak flooring, oversized black-framed windows, quartz kitchen surfaces, Italian cabinetry, stainless steel appliances, and ductless A/C in each room.
The Newkirk provides residents with a fifth-floor common terrace, bike storage, on-site covered parking, and an Aiphone video intercom system. A WiFi-enabled LG washer/dryer is included, and pets are welcome. Nearby transit includes the 2, 5, B, and Q train lines, with Kings Theatre, Brooklyn College, neighborhood dining, and Prospect Park among the surrounding destinations.
The Newkirk provides residents with a fifth-floor common terrace, bike storage, on-site covered parking, and an Aiphone video intercom system. A WiFi-enabled LG washer/dryer is included, and pets are welcome. Nearby transit includes the 2, 5, B, and Q train lines, with Kings Theatre, Brooklyn College, neighborhood dining, and Prospect Park among the surrounding destinations.
Key Highlights
- One‑bedroom residence with a separate office nook
- Private balcony extending from the living area
- Exposed concrete ceilings, Canadian oak floors, and oversized windows
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
$14,371
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
2.88%
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%
$287,420
$287.4K
Cap Rate 7%
$205,300
$205.3K
Cap Rate 9%
$159,678
$159.7K
Market Conditions
NOI Build-Up for 613 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
$27.2K $44.40/SF
− Vacancy
−$1.1K −$1.78/SF
EGI
$26.1K $42.62/SF
− OpEx
−$11.8K −$19.18/SF
NOI
$14.4K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /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%
$287,420
Cap Rate 7%
$205,300
Cap Rate 9%
$159,678
Alternative Uses
Best Use
Apartment 5plus
$205.3K
$179.6K – $239.5K
NOI $14,371 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.0K
$265.1K – $353.5K
NOI $21,209 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with a separate office nook, contemporary finishes, private outdoor space, and access to covered parking.
Where is this residential income property located?
The property is located at 458 E 25th Street 408 Brooklyn, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: One‑bedroom residence with a separate office nook; Private balcony extending from the living area; Exposed concrete ceilings, Canadian oak floors, and oversized windows
