Prewar Residential Income
For Sale
$550,000
574 44TH Street 1C, Brooklyn, NY 11220
Two-bedroom cooperative with south-facing rooms, a windowed eat-in kitchen, and original prewar architectural details.
Property Size750 SF
Price / SF$733.33
Days on Market18
Property Features for 574 44TH Street 1C
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
laundry
private storage cage
bike storage
common backyard
Building Details
Building Size
750 SF
Year Built
1914
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Joanna Mayfield Marks · License #10301205645
(718) 613-2810
Source:
Howardhannanyc
Added: Sep 14
Changed: Sep 30
Last Checked: Sep 30 at 6:44PM
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 Brown Harris Stevens Brooklyn LLC
Investment Insights
Based on property information with market context.
This 750-square-foot, two-bedroom cooperative is located in a 1914 prewar building and sits above street level with a south-facing outlook toward surrounding backyards. The apartment includes separate living and dining rooms, a windowed eat-in kitchen, high ceilings, parquet floors, crown moldings, and oversized windows throughout.
Building features include a stained-glass lobby, wrought-iron railings, marble steps, basement laundry, bike storage, and a private storage cage. Residents also have access to a common backyard, and the building has a live-in superintendent. The property is across from Sunset Park, which includes a swimming pool, gym, soccer fields, and harbor views toward Manhattan. Bus service along 5th Avenue, the R train, and express trains at 39th and 9th Avenue provide additional transit access.
Building features include a stained-glass lobby, wrought-iron railings, marble steps, basement laundry, bike storage, and a private storage cage. Residents also have access to a common backyard, and the building has a live-in superintendent. The property is across from Sunset Park, which includes a swimming pool, gym, soccer fields, and harbor views toward Manhattan. Bus service along 5th Avenue, the R train, and express trains at 39th and 9th Avenue provide additional transit access.
Key Highlights
- 750‑square‑foot two‑bedroom cooperative in a 1914 prewar building
- South‑facing apartment above street level with oversized windows
- Windowed eat‑in kitchen with separate living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,000
$400.0K
Cap Rate 7%
$285,714
$285.7K
Cap Rate 9%
$222,222
$222.2K
Market Conditions
NOI Build-Up for 750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.8K $50.40/SF
− Vacancy
−$1.4K −$1.92/SF
EGI
$36.4K $48.48/SF
− OpEx
−$16.4K −$21.82/SF
NOI
$20.0K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,000
Cap Rate 7%
$285,714
Cap Rate 9%
$222,222
Alternative Uses
Best Use
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $20,000 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.2K
$425.4K – $567.2K
NOI $34,034 @ 7.0% cap · market cap 6.19%
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
6,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom cooperative with south-facing rooms, a windowed eat-in kitchen, and original prewar architectural details.
Where is this residential income property located?
The property is located at 574 44TH Street 1C Brooklyn, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 750‑square‑foot two‑bedroom cooperative in a 1914 prewar building; South‑facing apartment above street level with oversized windows; Windowed eat‑in kitchen with separate living and dining rooms
