New
For Sale
$7,595,000
478 Sackett St, Brooklyn, NY 11231
Residential land & home lots
Property Size7,085 SF
Days on Market4
Property Features for 478 Sackett St
General Information
Standard status
Active
Size
7,085 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$21,888
Building Details
Building Size
7,085 SF
Stories
3
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Dennis Estok
(718) 645-1665
Source:
Elliman
Added: Oct 7
Last Checked: Oct 9 at 10:44PM
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 MadisonEstates Sothebys Realty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,129
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,962,580
$5.0M
Cap Rate 7%
$3,544,700
$3.5M
Cap Rate 9%
$2,756,989
$2.8M
Market Conditions
NOI Build-Up for 7,085 SF
Gross rent
$361.3K $51.00/SF
− Vacancy
−$6.9K −$0.97/SF
EGI
$354.5K $50.03/SF
− OpEx
−$106.3K −$15.01/SF
NOI
$248.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,962,580
Cap Rate 7%
$3,544,700
Cap Rate 9%
$2,756,989
Alternative Uses
Best Use
Multifamily LT 5
$3.54M
$3.10M – $4.14M
NOI $248,129 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$3.09M
$2.70M – $3.60M
NOI $216,298 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$5.87M
$5.13M – $6.84M
NOI $410,647 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 478 Sackett St Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,595,000.
