Two-Bedroom Condominium
New
For Sale
$1,150,000
575 4TH Avenue 3F, Brooklyn, NY 11215
The home includes a private washer and dryer, custom walnut cabinetry, and access to extensive shared recreation spaces.
Property Size1,197 SF
Price / SF$960.74
Days on Market5
Property Features for 575 4TH Avenue 3F
General Information
Standard status
Active
Size
1,197 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
$16,284
Amenities
fitness center
yoga studio
game room
children's playroom
music room
resident lounge
landscaped outdoor courtyard
rooftop terrace
pet-friendly
in-unit washer-dryer
BBQ grills
fire pit
playground
dog run
bike storage
Building Details
Building Size
1,197 SF
Year Built
2019
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Keith Edward Davis II · License #10401361290
(631) 708-5630
Source:
Carlinwright
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 12:36AM
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.
This 1,197-square-foot condominium has two bedrooms and two full bathrooms, with southern exposure and 7-inch European oak flooring. The main living and dining space connects to a kitchen equipped with Thermador and Bosch appliances, custom walnut cabinetry, and quartz counters. A pantry and additional storage closets complement the in-unit Bosch washer and dryer. The primary bedroom has a walk-in closet and en-suite bath with heated floors; the second bedroom also has a walk-in closet, with a soaking tub in the adjacent bathroom. The building was completed in 2019.
Shared facilities include a fitness center, yoga studio, game room, children’s playroom, music room, resident lounge, and landscaped courtyard. The courtyard has dining areas, grills, a fire pit, playground, and dog run; a rooftop terrace adds lounge and grilling areas. A market operates downstairs, and nearby transit includes R, F, and G trains and multiple bus lines. Prospect Park, shops, and restaurants are also nearby. The building allows pets. Additional storage, bike storage, and parking are available for a monthly fee.
Shared facilities include a fitness center, yoga studio, game room, children’s playroom, music room, resident lounge, and landscaped courtyard. The courtyard has dining areas, grills, a fire pit, playground, and dog run; a rooftop terrace adds lounge and grilling areas. A market operates downstairs, and nearby transit includes R, F, and G trains and multiple bus lines. Prospect Park, shops, and restaurants are also nearby. The building allows pets. Additional storage, bike storage, and parking are available for a monthly fee.
Key Highlights
- 1,197‑square‑foot residence with two bedrooms and two full bathrooms
- Completed in 2019
- Kitchen appliances include a Thermador refrigerator and Bosch dishwasher and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,543
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,860
$730.9K
Cap Rate 7%
$522,043
$522.0K
Cap Rate 9%
$406,033
$406.0K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$67.8K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$66.4K $55.51/SF
− OpEx
−$29.9K −$24.98/SF
NOI
$36.5K $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%
$730,860
Cap Rate 7%
$522,043
Cap Rate 9%
$406,033
Alternative Uses
Best Use
Apartment 5plus
$522.0K
$456.8K – $609.1K
NOI $36,543 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$991.1K
$867.2K – $1.16M
NOI $69,378 @ 7.0% cap · market cap 6.03%
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
5,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes a private washer and dryer, custom walnut cabinetry, and access to extensive shared recreation spaces.
Where is this residential income property located?
The property is located at 575 4TH Avenue 3F Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1,197‑square‑foot residence with two bedrooms and two full bathrooms; Completed in 2019; Kitchen appliances include a Thermador refrigerator and Bosch dishwasher and microwave
