Corner Residential Income
For Sale
$349,000
61 Oliver Street 2V, Brooklyn, NY 11209
Pet-friendly apartment with abundant storage, natural light, and access to building laundry, bike parking, and waterfront paths.
Property Size752 SF
Price / SF$464.10
Days on Market22
Property Features for 61 Oliver Street 2V
General Information
Standard status
Active
Size
752 SF
Property subtype
Apartment
Additional Details
HOA Fee
$967.70
Public Transit
Yes
Multifamily Units
1
Amenities
laundry rooms
virtual doorman
live-in superintendent
additional storage units
Building Details
Building Size
752 SF
Year Built
1954
Listing Agency:
RE Max Edge Group
Listed By:
Dennis Edward McArdle · License #10401272291
(917) 584-8417
Source:
Carlinwright
Added: Sep 17
Changed: Oct 6
Last Checked: Oct 7 at 4:21PM
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 RE Max Edge Group
Investment Insights
Based on property information with market context.
This approximately 752-square-foot corner apartment includes a large living room, oversized bedroom, eat-in kitchen, and flexible office area. Four closets provide substantial storage, while six windows bring natural light into the home. The apartment is pet-friendly.
Building amenities include two laundry rooms, a virtual doorman, a live-in superintendent, bike parking, and additional storage units. Parking is available by waitlist. Built in 1954, the property is located one block from Shore Road, with access to waterfront areas, parks, and walking and biking paths. An express bus stop is located on the corner, and Third Avenue restaurants, shops, cafés, and neighborhood services are nearby.
Building amenities include two laundry rooms, a virtual doorman, a live-in superintendent, bike parking, and additional storage units. Parking is available by waitlist. Built in 1954, the property is located one block from Shore Road, with access to waterfront areas, parks, and walking and biking paths. An express bus stop is located on the corner, and Third Avenue restaurants, shops, cafés, and neighborhood services are nearby.
Key Highlights
- Approximately 752‑square‑foot corner apartment
- Four large closets and six windows
- Large living room, oversized bedroom, eat‑in kitchen, and office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,958
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,160
$459.2K
Cap Rate 7%
$327,971
$328.0K
Cap Rate 9%
$255,089
$255.1K
Market Conditions
NOI Build-Up for 752 SF
Gross rent
$42.6K $56.64/SF
− Vacancy
−$852 −$1.13/SF
EGI
$41.7K $55.51/SF
− OpEx
−$18.8K −$24.98/SF
NOI
$23.0K $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%
$459,160
Cap Rate 7%
$327,971
Cap Rate 9%
$255,089
Alternative Uses
Best Use
Apartment 5plus
$328.0K
$287.0K – $382.6K
NOI $22,958 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$622.7K
$544.8K – $726.4K
NOI $43,586 @ 7.0% cap · market cap 12.49%
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
2,817
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Pet-friendly apartment with abundant storage, natural light, and access to building laundry, bike parking, and waterfront paths.
Where is this residential income property located?
The property is located at 61 Oliver Street 2V Brooklyn, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Approximately 752‑square‑foot corner apartment; Four large closets and six windows; Large living room, oversized bedroom, eat‑in kitchen, and office area
