Residential Condominium with Private Outdoor
For Sale
$575,000
618 AVE H 5A, Brooklyn, NY 11230
The 2023 Brooklyn residence includes in-unit laundry, mini-split heating and cooling, and access to shared building amenities.
Property Size599 SF
Price / SF$959.93
Days on Market14
Property Features for 618 AVE H 5A
General Information
Standard status
Active
Size
599 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,756
Amenities
fitness center
Sky Lounge
rooftop deck
barbecue
playroom
outdoor play area
pet spa
private pet run
package concierge service
private storage cage
bicycle storage
Building Details
Building Size
599 SF
Year Built
2023
Listing Agency:
Revived Residential
Listed By:
MERSIMA PURISIC
(917) 445-1631
Source:
Howardhannanyc
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 25 at 2:32AM
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 Revived Residential
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this condominium residence features European oak flooring, oversized windows, and a kitchen with custom cabinetry, quartz surfaces, under-cabinet LED lighting, and premium appliances. The bathroom has porcelain tile, radiant floor heat, a floating vanity, and an illuminated medicine cabinet. Mini-split heating and cooling, an in-unit washer and dryer, and private outdoor space add to the unit’s features. A private storage cage is deeded to Unit 5A.
Building amenities include a fitness center, Sky Lounge with community space and wet bar, rooftop deck with barbecue, playroom, outdoor play area, pet spa, pet run, package concierge, and bicycle storage. The property is in Brooklyn, half a block from Ocean Parkway, with access to the Q, B, and F subway lines and local and express buses.
Building amenities include a fitness center, Sky Lounge with community space and wet bar, rooftop deck with barbecue, playroom, outdoor play area, pet spa, pet run, package concierge, and bicycle storage. The property is in Brooklyn, half a block from Ocean Parkway, with access to the Q, B, and F subway lines and local and express buses.
Key Highlights
- Built in 2023
- Private outdoor space and in‑unit washer and dryer
- Kitchen with custom cabinetry, quartz countertops and backsplash, and under‑cabinet LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,287
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,740
$365.7K
Cap Rate 7%
$261,243
$261.2K
Cap Rate 9%
$203,189
$203.2K
Market Conditions
NOI Build-Up for 599 SF
Gross rent
$33.9K $56.64/SF
− Vacancy
−$679 −$1.13/SF
EGI
$33.2K $55.51/SF
− OpEx
−$15.0K −$24.98/SF
NOI
$18.3K $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%
$365,740
Cap Rate 7%
$261,243
Cap Rate 9%
$203,189
Alternative Uses
Best Use
Apartment 5plus
$261.2K
$228.6K – $304.8K
NOI $18,287 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 2023 Brooklyn residence includes in-unit laundry, mini-split heating and cooling, and access to shared building amenities.
Where is this residential income property located?
The property is located at 618 AVE H 5A Brooklyn, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Built in 2023; Private outdoor space and in‑unit washer and dryer; Kitchen with custom cabinetry, quartz countertops and backsplash, and under‑cabinet LED lighting
