Residential Income Property with
For Sale
$1,350,000
521A GREENE Avenue 1, Brooklyn, NY 11216
Two-level residence with two bedrooms, private outdoor space, stainless steel appliances, and in-unit laundry.
Property Size1,576 SF
Price / SF$856.60
Days on Market28
Property Features for 521A GREENE Avenue 1
General Information
Standard status
Active
Size
1,576 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,384
Amenities
stainless steel appliances
dishwasher
in-unit washer/dryer
central heating and air conditioning
private garden
deck
patio
Building Details
Building Size
1,576 SF
Year Built
1899
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Zia Ohara · License #10301222365
(917) 747-9792
Source:
Carytamura
Added: Sep 9
Changed: Sep 29
Last Checked: Oct 6 at 12:27AM
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
Investment Insights
Based on property information with market context.
This two-level residential income property spans approximately 1,576 square feet and includes two bedrooms, two bathrooms, flexible room proportions, storage, and connected living and entertaining areas. The kitchen includes stainless steel appliances and a dishwasher, while central heating and air conditioning and an in-unit washer and dryer provide additional functionality. A private landscaped garden extends the usable living area, with a deck and patio arranged for outdoor dining, gardening, lounging, and gatherings.
The property is part of an intimate three-residence condominium at 521A Greene Avenue in Brooklyn. The G train at Bedford-Nostrand Avenues is two blocks away, and Herbert Von King Park, restaurants, cafés, and shops are nearby. The building dates to 1899.
The property is part of an intimate three-residence condominium at 521A Greene Avenue in Brooklyn. The G train at Bedford-Nostrand Avenues is two blocks away, and Herbert Von King Park, restaurants, cafés, and shops are nearby. The building dates to 1899.
Key Highlights
- Approximately 1,576 square feet across two levels
- Two bedrooms and two bathrooms
- Private landscaped garden with deck and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,114
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,280
$962.3K
Cap Rate 7%
$687,343
$687.3K
Cap Rate 9%
$534,600
$534.6K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$89.3K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$87.5K $55.51/SF
− OpEx
−$39.4K −$24.98/SF
NOI
$48.1K $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%
$962,280
Cap Rate 7%
$687,343
Cap Rate 9%
$534,600
Alternative Uses
Best Use
Apartment 5plus
$687.3K
$601.4K – $801.9K
NOI $48,114 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,345 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with two bedrooms, private outdoor space, stainless steel appliances, and in-unit laundry.
Where is this residential income property located?
The property is located at 521A GREENE Avenue 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 1,576 square feet across two levels; Two bedrooms and two bathrooms; Private landscaped garden with deck and patio
