One-Bedroom Residential Income
For Sale
$325,000
464 67TH Street 2A, Brooklyn, NY 11220
Co-op apartment with a private terrace, windowed kitchen, and building laundry and storage facilities.
Property Size600 SF
Price / SF$541.67
Days on Market19
Property Features for 464 67TH Street 2A
General Information
Standard status
Active
Size
600 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
clean original condition, ready for your own updates over time
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private back terrace
laundry room
storage cage
bike storage
video doorbell entry
Building Details
Building Size
600 SF
Year Built
1988
Listing Agency:
SOLDANO REALTY
Listed By:
Daniel J Soldano
(718) 333-5233
Source:
Miradorrealestate
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 6 at 10:13AM
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 SOLDANO REALTY
Investment Insights
Based on property information with market context.
Apartment 2A at 464 67th Street is a 600-square-foot, one-bedroom, one-bath co-op in a 12-apartment building constructed in 1988. The residence includes a private back terrace, sliding glass doors, a windowed galley kitchen with a gas range, dishwasher, and granite counters, plus a dining-area pass-through. The living room has white tile flooring, while the bedroom is carpeted and includes a closet. Through-wall air conditioners serve the living room and bedroom, and the apartment remains in clean original condition.
Building features include a card- and coin-operated laundry room, an assigned storage cage for each apartment, bike storage, and video doorbell entry. Maintenance covers heat, hot water, and real estate taxes. Pets are welcome, and subletting is permitted after two years of ownership. The property is two blocks from the R train at Bay Ridge Avenue station and near B37 and B63 bus service, the 69th Street Ferry, restaurants, shopping, parks, and a dog run.
Building features include a card- and coin-operated laundry room, an assigned storage cage for each apartment, bike storage, and video doorbell entry. Maintenance covers heat, hot water, and real estate taxes. Pets are welcome, and subletting is permitted after two years of ownership. The property is two blocks from the R train at Bay Ridge Avenue station and near B37 and B63 bus service, the 69th Street Ferry, restaurants, shopping, parks, and a dog run.
Key Highlights
- 600‑square‑foot, one‑bedroom, one‑bath co‑op apartment
- Private back terrace accessed through sliding glass doors
- Windowed galley kitchen with gas range, dishwasher, and granite counters
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
$16,000
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
4.92%
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%
$320,000
$320.0K
Cap Rate 7%
$228,571
$228.6K
Cap Rate 9%
$177,778
$177.8K
Market Conditions
NOI Build-Up for 600 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
$30.2K $50.40/SF
− Vacancy
−$1.1K −$1.92/SF
EGI
$29.1K $48.48/SF
− OpEx
−$13.1K −$21.82/SF
NOI
$16.0K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /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%
$320,000
Cap Rate 7%
$228,571
Cap Rate 9%
$177,778
Alternative Uses
Best Use
Apartment 5plus
$228.6K
$200.0K – $266.7K
NOI $16,000 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.0K
$340.4K – $453.8K
NOI $27,228 @ 7.0% cap · market cap 8.38%
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
5,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Co-op apartment with a private terrace, windowed kitchen, and building laundry and storage facilities.
Where is this residential income property located?
The property is located at 464 67TH Street 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 600‑square‑foot, one‑bedroom, one‑bath co‑op apartment; Private back terrace accessed through sliding glass doors; Windowed galley kitchen with gas range, dishwasher, and granite counters
