Residential Income Property with Water
New
For Sale
$489,000
570 LOUISIANA Avenue 2, Brooklyn, NY 11239
The two-bedroom condominium townhouse includes an enclosed balcony, in-unit laundry, central air conditioning, and a designated parking space.
Property Size1,029 SF
Price / SF$475.22
Days on Market6
Property Features for 570 LOUISIANA Avenue 2
General Information
Standard status
Active
Size
1,029 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$49,788
Building Details
Building Size
1,029 SF
Year Built
1989
Listing Agency:
Brooklyn Real Property Inc
Listed By:
Jean Paul Ho · License #JPH8888
(718) 875-8899
Source:
Howardhannanyc
Added: Oct 4
Changed: Oct 8
Last Checked: Oct 7 at 4:35PM
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 Brooklyn Real Property Inc
Investment Insights
Based on property information with market context.
This two-bedroom condominium townhouse has a primary bedroom suite with a private full bath, a living room, formal dining area, and eat-in kitchen. An enclosed private balcony and views of Jamaica Bay and Spring Creek add to the layout. Central air conditioning and heat, an in-unit washer and dryer, and a corner parking space are included. The building dates to 1989.
Pets are allowed, and the property has no rental restrictions. The home is located near Chilsom Park, Gateway shopping, JFK Airport, and the Rockaways.
Pets are allowed, and the property has no rental restrictions. The home is located near Chilsom Park, Gateway shopping, JFK Airport, and the Rockaways.
Key Highlights
- Two‑bedroom condominium townhouse with views of Jamaica Bay and Spring Creek
- Primary bedroom suite has a private full bath and creek views
- Enclosed private balcony, formal dining area, and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,414
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,280
$628.3K
Cap Rate 7%
$448,771
$448.8K
Cap Rate 9%
$349,044
$349.0K
Market Conditions
NOI Build-Up for 1,029 SF
Gross rent
$58.3K $56.64/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$57.1K $55.51/SF
− OpEx
−$25.7K −$24.98/SF
NOI
$31.4K $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%
$628,280
Cap Rate 7%
$448,771
Cap Rate 9%
$349,044
Alternative Uses
Best Use
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,414 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$852.0K
$745.5K – $994.0K
NOI $59,641 @ 7.0% cap · market cap 12.20%
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
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 11239, NY
17,038
Population
8,883
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
10,022
Density / Sq Mi
$35,675
Median Household Income
$46,596
Median Earnings
$1,016
Median Rent
$580,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condominium townhouse includes an enclosed balcony, in-unit laundry, central air conditioning, and a designated parking space.
Where is this residential income property located?
The property is located at 570 LOUISIANA Avenue 2 Brooklyn, NY.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two‑bedroom condominium townhouse with views of Jamaica Bay and Spring Creek; Primary bedroom suite has a private full bath and creek views; Enclosed private balcony, formal dining area, and eat‑in kitchen
