Residential Income Property with
For Sale
$480,000
473 BAINBRIDGE Street 2B, Brooklyn, NY 11233
One-bedroom residence with contemporary finishes, private outdoor access, and shared roof deck amenities.
Property Size490 SF
Price / SF$979.59
Days on Market41
Property Features for 473 BAINBRIDGE Street 2B
General Information
Standard status
Active
Size
490 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,728
Amenities
in-unit washer/dryer
split system AC
dishwasher
common roof deck
Juliet balcony
Building Details
Building Size
490 SF
Year Built
1899
Listing Agency:
Douglas Elliman Real Estate
Listed By:
chin yee kew
(718) 789-5123
Source:
Howardhannanyc
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 11:12PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Residence 2B is a 490-square-foot, one-bedroom, one-bath home within a six-residence condominium property constructed in 1899. The layout includes an open living and dining area, oversized windows, high ceilings, white oak flooring, and a private Juliet balcony. A contemporary kitchen is equipped with Fisher & Paykel and Bertazzoni appliances, while the bathroom features travertine tile and Delta fixtures. Split-system AC, a dishwasher, and an in-unit washer and dryer add everyday functionality.
The property is located in Stuyvesant Heights, Brooklyn, with access to the Ralph Avenue C and Chauncey Street J subway stations. Grocery stores, parks, cafés, restaurants, and other neighborhood businesses are within walking distance. Residents also have access to a common roof deck.
The property is located in Stuyvesant Heights, Brooklyn, with access to the Ralph Avenue C and Chauncey Street J subway stations. Grocery stores, parks, cafés, restaurants, and other neighborhood businesses are within walking distance. Residents also have access to a common roof deck.
Key Highlights
- 490 SF one‑bedroom, one‑bath residence
- Private Juliet balcony and oversized windows
- Open living and dining area with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,959
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,180
$299.2K
Cap Rate 7%
$213,700
$213.7K
Cap Rate 9%
$166,211
$166.2K
Market Conditions
NOI Build-Up for 490 SF
Gross rent
$27.8K $56.64/SF
− Vacancy
−$555 −$1.13/SF
EGI
$27.2K $55.51/SF
− OpEx
−$12.2K −$24.98/SF
NOI
$15.0K $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%
$299,180
Cap Rate 7%
$213,700
Cap Rate 9%
$166,211
Alternative Uses
Best Use
Apartment 5plus
$213.7K
$187.0K – $249.3K
NOI $14,959 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$405.7K
$355.0K – $473.3K
NOI $28,400 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,519
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with contemporary finishes, private outdoor access, and shared roof deck amenities.
Where is this residential income property located?
The property is located at 473 BAINBRIDGE Street 2B Brooklyn, NY.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 490 SF one‑bedroom, one‑bath residence; Private Juliet balcony and oversized windows; Open living and dining area with high ceilings
