Residential Income Property with
For Sale
$1,150,000
575 4th Avenue 3F, Brooklyn, NY 11215
Well-appointed condominium residence with upgraded finishes, extensive shared amenities, and convenient access to neighborhood retail and transit.
Property Size1,197 SF
Price / SF$960.74
Days on Market22
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
lounging and grilling stations
dog run
BBQ grills
fire pit
playground
pet-friendly
bike storage
additional storage
parking
in-unit washer-dryer
Building Details
Building Size
1,197 SF
Year Built
2019
Listing Agency:
Compass
Listed By:
Keith Edward Davis II · License #10401361290
(631) 708-5630
Source:
Carlinwright
Added: Sep 18
Changed: Oct 8
Last Checked: Oct 7 at 3:45PM
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 Compass
Investment Insights
Based on property information with market context.
Residence 3F is a 1,197-square-foot condominium home with two bedrooms and two full bathrooms in a 2019 building. The interior includes southern exposure, 7-inch European oak flooring, central heating and cooling, and a living-dining area connected to a chef’s kitchen with Thermador and Bosch appliances, walnut cabinetry, and quartz countertops. A Bosch washer-dryer, pantry, storage closets, and walk-in closets add practical utility. The primary suite includes a marble-finished bathroom with heated floors, dual sinks, and a glass shower, while the second bathroom has a soaking tub.
Building amenities include a fitness center, yoga studio, game room, children’s playroom, music room, resident lounge, landscaped courtyard, rooftop terrace, BBQ areas, fire pit, playground, and dog run. The pet-friendly property is at 575 4th Avenue in Park Slope, near Prospect Park, neighborhood restaurants and shops, Redberry Market, the R, F, and G trains, and multiple bus lines. Additional storage, bike storage, and parking are available for a monthly fee.
Building amenities include a fitness center, yoga studio, game room, children’s playroom, music room, resident lounge, landscaped courtyard, rooftop terrace, BBQ areas, fire pit, playground, and dog run. The pet-friendly property is at 575 4th Avenue in Park Slope, near Prospect Park, neighborhood restaurants and shops, Redberry Market, the R, F, and G trains, and multiple bus lines. 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
- 2019 condominium building with central heating and cooling
- Chef’s kitchen with Thermador and Bosch appliances, walnut cabinetry, and quartz countertops
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.
Property Analytics
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Current Use
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 - Well-appointed condominium residence with upgraded finishes, extensive shared amenities, and convenient access to neighborhood retail and transit.
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; 2019 condominium building with central heating and cooling; Chef’s kitchen with Thermador and Bosch appliances, walnut cabinetry, and quartz countertops
