Residential Income Property with Roof
For Sale
$725,000
621 90th Street 5, Brooklyn, NY 11228
The 2-bedroom, 1-bathroom residence includes in-unit laundry and central heating and air conditioning.
Property Size800 SF
Price / SF$906.25
Days on Market8
Property Features for 621 90th Street 5
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$74,568
Amenities
virtual doorman
in-unit laundry
private roof deck
central air conditioning
hardwood floors
stainless-steel appliances
Building Details
Building Size
800 SF
Year Built
1927
Construction
brick
Listing Agency:
Keller Williams Realty Empire
Listed By:
Charles A Olson · License #10491204283
(718) 954-8401
Source:
Carlinwright
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 25 at 12:51AM
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 Keller Williams Realty Empire
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Investment Insights
Based on property information with market context.
This 800-square-foot, top-floor residence has 2 bedrooms and 1 bathroom, hardwood floors, and a private roof deck. The kitchen has a window and includes a gas range, dishwasher, microwave, and full-sized side-by-side refrigerator. Central heating and air conditioning and in-unit laundry are also present. The unit is in a private all-brick building built in 1927, with two flights of stairs to the top floor and a virtual doorman.
The property is at 621 90th Street in Brooklyn. The J-51 tax abatement is active through mid-2028.
The property is at 621 90th Street in Brooklyn. The J-51 tax abatement is active through mid-2028.
Key Highlights
- 800‑square‑foot residence with 2 bedrooms and 1 bathroom
- Private roof deck
- Windowed kitchen with gas range, dishwasher, microwave, and full‑sized side‑by‑side refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,423
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,460
$488.5K
Cap Rate 7%
$348,900
$348.9K
Cap Rate 9%
$271,367
$271.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$45.3K $56.64/SF
− Vacancy
−$906 −$1.13/SF
EGI
$44.4K $55.51/SF
− OpEx
−$20.0K −$24.98/SF
NOI
$24.4K $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%
$488,460
Cap Rate 7%
$348,900
Cap Rate 9%
$271,367
Alternative Uses
Best Use
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,649
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom, 1-bathroom residence includes in-unit laundry and central heating and air conditioning.
Where is this residential income property located?
The property is located at 621 90th Street 5 Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 800‑square‑foot residence with 2 bedrooms and 1 bathroom; Private roof deck; Windowed kitchen with gas range, dishwasher, microwave, and full‑sized side‑by‑side refrigerator
