Two-Bedroom Residential
637 41ST Street 1E, Brooklyn, NY 11232
For Sale
$600,000
A renovated windowed kitchen and prewar interior details complement this north-facing residence.
Property Size750 SF
Price / SF$800
Days on Market11
Property Features for 637 41ST Street 1E
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
solar panels
individual plots for growing plants
laundry room
bicycle storage
storage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Joanna Mayfield Marks · License NY #10301205645
(718) 613-2810
Source:
Penrealty
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 14 at 4:39PM
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 Brown Harris Stevens Brooklyn LLC
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Investment Insights
Based on property information with market context.
This 750-square-foot, two-bedroom residence dates to 1924 and retains original inlaid floors, high ceilings, and crown moldings. The north-facing living room has views of the Manhattan skyline. A renovated, windowed eat-in kitchen is fitted with stainless steel appliances, and the updated bathroom has a window and bathtub.
Building amenities include a laundry room, live-in superintendent, solar panels, garden plots, bicycle storage, and separate storage. Cats are permitted; dogs are not. The property is in Brooklyn, between the D Express and N/R subway lines. Nearby Sunset Park offers a swimming pool, gym, fitness classes, recreation center, and soccer field. Industry City hosts weekend artist events, and a seasonal green market is located across the park.
Building amenities include a laundry room, live-in superintendent, solar panels, garden plots, bicycle storage, and separate storage. Cats are permitted; dogs are not. The property is in Brooklyn, between the D Express and N/R subway lines. Nearby Sunset Park offers a swimming pool, gym, fitness classes, recreation center, and soccer field. Industry City hosts weekend artist events, and a seasonal green market is located across the park.
Key Highlights
- 750‑square‑foot, two‑bedroom residence in a 1924 building
- Original inlaid floors, high ceilings, and crown moldings
- Renovated windowed eat‑in kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,897
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,940
$457.9K
Cap Rate 7%
$327,100
$327.1K
Cap Rate 9%
$254,411
$254.4K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$42.5K $56.64/SF
− Vacancy
−$850 −$1.13/SF
EGI
$41.6K $55.51/SF
− OpEx
−$18.7K −$24.98/SF
NOI
$22.9K $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%
$457,940
Cap Rate 7%
$327,100
Cap Rate 9%
$254,411
Alternative Uses
Best Use
Apartment 5plus
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 7.25%
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
5,454
Businesses Nearby
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Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Brooklyn, NY
Properties on Market for Residential income properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated windowed kitchen and prewar interior details complement this north-facing residence.
Where is this residential income property located?
The property is located at 637 41ST Street 1E Brooklyn, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 750‑square‑foot, two‑bedroom residence in a 1924 building; Original inlaid floors, high ceilings, and crown moldings; Renovated windowed eat‑in kitchen with stainless steel appliances
