Multifamily
New
For Sale
$1,249,000
501 Vandervoort Avenue, Brooklyn, NY 11222
A Brooklyn multifamily property with walk-out access.
Property Size1,920 SF
Days on Market6
Property Features for 501 Vandervoort Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,604
Amenities
Oil, Other
Walk-Out Access
Other
Building Details
Building Size
1,920 SF
Year Built
1910
Listing Agency:
Orion Homes Realty LLC
Listed By:
Frederic Sandy
(718) 825-1940
Source:
Evrealestate
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:34PM
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 Orion Homes Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 501 Vandervoort Avenue in Brooklyn, this multifamily property was built in 1910. Walk-out access is noted among its interior features, along with oil and other listed features.
Key Highlights
- Built in 1910
- Walk‑out access
- Oil listed among interior features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,616
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,320
$1.2M
Cap Rate 7%
$837,371
$837.4K
Cap Rate 9%
$651,289
$651.3K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$108.7K $56.64/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$106.6K $55.51/SF
− OpEx
−$48.0K −$24.98/SF
NOI
$58.6K $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%
$1,172,320
Cap Rate 7%
$837,371
Cap Rate 9%
$651,289
Alternative Uses
Best Use
Apartment 5plus
$837.4K
$732.7K – $976.9K
NOI $58,616 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,283 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
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
Frequently Asked Questions
What type of property is this?
Multifamily property - A Brooklyn multifamily property with walk-out access.
Where is this multifamily property located?
The property is located at 501 Vandervoort Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Built in 1910; Walk‑out access; Oil listed among interior features
