Top-Floor Apartment with
New
For Sale
$399,000
464 Neptune Avenue 23-D, Brooklyn, NY 11224
Partial ocean views add a coastal outlook to this one-bedroom Brooklyn residence.
Property Size800 SF
Price / SF$498.75
Days on Market7
Property Features for 464 Neptune Avenue 23-D
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Additional Details
HOA Fee
$852.37
Public Transit
Yes
Multifamily Units
1
Amenities
24-hour security
on-site management
live-in superintendent
children's recreation room
fitness center
Building Details
Building Size
800 SF
Year Built
1963
Listing Agency:
Keller Williams Realty Empire
Listed By:
Neil Barsky
(718) 954-8400
Source:
Howardhannanyc
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 11:13PM
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 Keller Williams Realty Empire
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom apartment offers approximately 800 square feet of living space on the building’s top floor. Hardwood floors, substantial closet storage, and a private balcony are among its interior features; the balcony provides partial ocean views. The building dates to 1963 and is part of Trump Village Section 3.
Residents have access to 24-hour security, on-site management, a live-in superintendent, a children’s recreation room, and a fitness center. The building allows pets. Parking is handled through a waitlist, while financing and subletting are subject to board approval. Maintenance includes utilities, heat, gas, and electricity.
The property is minutes from the beach and Coney Island boardwalk, with public transportation, shopping, restaurants, the New York Aquarium, and Luna Park nearby.
Residents have access to 24-hour security, on-site management, a live-in superintendent, a children’s recreation room, and a fitness center. The building allows pets. Parking is handled through a waitlist, while financing and subletting are subject to board approval. Maintenance includes utilities, heat, gas, and electricity.
The property is minutes from the beach and Coney Island boardwalk, with public transportation, shopping, restaurants, the New York Aquarium, and Luna Park nearby.
Key Highlights
- One‑bedroom apartment with approximately 800 square feet
- Top‑floor residence with a private balcony and partial ocean views
- Hardwood flooring and generous closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,423
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,460
$488.5K
Cap Rate 7%
$348,900
$348.9K
Cap Rate 9%
$271,367
$271.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$45.3K $56.64/SF
− Vacancy
−$906 −$1.13/SF
EGI
$44.4K $55.51/SF
− OpEx
−$20.0K −$24.98/SF
NOI
$24.4K $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%
$488,460
Cap Rate 7%
$348,900
Cap Rate 9%
$271,367
Alternative Uses
Best Use
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,742
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Partial ocean views add a coastal outlook to this one-bedroom Brooklyn residence.
Where is this residential income property located?
The property is located at 464 Neptune Avenue 23-D Brooklyn, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: One‑bedroom apartment with approximately 800 square feet; Top‑floor residence with a private balcony and partial ocean views; Hardwood flooring and generous closet storage
