Renovated Residential Income
For Sale
$999,000
53 BOERUM Place 7B, Brooklyn, NY 11201
Two-bedroom condominium with an open kitchen, natural light, and full-service building amenities.
Property Size946 SF
Price / SF$1,056
Days on Market239
Property Features for 53 BOERUM Place 7B
General Information
Standard status
Active
Size
946 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,248
Amenities
24-hour doorman
live-in super
fitness center
laundry room
indoor lounge
common garden patio
pet friendly
wired for FiOS
Building Details
Building Size
946 SF
Year Built
2003
Listing Agency:
Douglas Elliman Real Estate
Listed By:
PATRICIA D LEVY · License #30LE1010223
(646) 338-9091
Source:
Carlinwright
Added: Mar 2
Changed: Oct 27
Last Checked: Oct 27 at 1:34AM
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 7B is a 946-square-foot, two-bedroom, two-bath condominium in a 2003 building. The interior includes walnut-stained hardwood flooring, a renovated open kitchen with Ultra-Dekton island countertops, high-gloss cabinetry, globe lighting, KitchenAid stainless steel appliances, a washer/dryer, and garbage disposal. Both bathrooms feature radiant heated tile floors, contemporary vanities, and built-in closet systems. Large casement windows with northern and southern exposures provide natural light, while the living room overlooks landmarked rooftops. The home is also wired for FiOS.
Building amenities include a 24-hour doorman, live-in superintendent, fitness center, laundry room, indoor lounge, and one of the area's largest shared outdoor garden patios. The property is located at 53 Boerum Place in Brooklyn, near shopping streets in Boerum Hill, Cobble Hill, Carroll Gardens, and Brooklyn Heights, with multiple major subway stops nearby.
Building amenities include a 24-hour doorman, live-in superintendent, fitness center, laundry room, indoor lounge, and one of the area's largest shared outdoor garden patios. The property is located at 53 Boerum Place in Brooklyn, near shopping streets in Boerum Hill, Cobble Hill, Carroll Gardens, and Brooklyn Heights, with multiple major subway stops nearby.
Key Highlights
- 946 SF two‑bedroom, two‑bath condominium
- Renovated open kitchen with Ultra‑Dekton island countertops and KitchenAid stainless steel appliances
- Radiant heated tile floors in both bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,880
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,600
$577.6K
Cap Rate 7%
$412,571
$412.6K
Cap Rate 9%
$320,889
$320.9K
Market Conditions
NOI Build-Up for 946 SF
Gross rent
$53.6K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$52.5K $55.51/SF
− OpEx
−$23.6K −$24.98/SF
NOI
$28.9K $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%
$577,600
Cap Rate 7%
$412,571
Cap Rate 9%
$320,889
Alternative Uses
Best Use
Apartment 5plus
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$783.3K
$685.4K – $913.8K
NOI $54,830 @ 7.0% cap · market cap 5.49%
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
13,398
Businesses Nearby
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Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with an open kitchen, natural light, and full-service building amenities.
Where is this residential income property located?
The property is located at 53 BOERUM Place 7B Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 946 SF two‑bedroom, two‑bath condominium; Renovated open kitchen with Ultra‑Dekton island countertops and KitchenAid stainless steel appliances; Radiant heated tile floors in both bathrooms
