One-Bedroom Residential Income
For Sale
$615,000
640 DITMAS Avenue 25, Brooklyn, NY 11218
Fourth-floor condominium with high ceilings, updated kitchen appliances, and a renovated marble bathroom.
Property Size835 SF
Price / SF$736.53
Days on Market80
Property Features for 640 DITMAS Avenue 25
General Information
Standard status
Active
Size
835 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,464
Building Details
Year Built
1920
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Oleg Polonsky · License #10301210984
(646) 256-0899
Source:
Miradorrealestate
Added: Aug 8
Changed: Oct 26
Last Checked: Oct 25 at 12:05AM
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 Douglas Elliman Real Estate
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.
This 835-square-foot, one-bedroom, one-bath condominium occupies the fourth floor of a pre-war walkup building constructed in 1920. The one-level layout features polished hardwood floors, high ceilings, oversized windows with north and south exposures, and city views. The eat-in kitchen includes new appliances and a dishwasher, while the windowed bathroom has been renovated with marble finishes. In-unit Bosch laundry and window-unit cooling are also provided.
Located at 640 Ditmas Avenue in Brooklyn, the property is near shops, restaurants, and grocery stores in Kensington and nearby Ditmas Park. The condominium is pet-friendly and offers a residential setting within an established neighborhood.
Located at 640 Ditmas Avenue in Brooklyn, the property is near shops, restaurants, and grocery stores in Kensington and nearby Ditmas Park. The condominium is pet-friendly and offers a residential setting within an established neighborhood.
Key Highlights
- 835‑square‑foot one‑bedroom, one‑bath condominium
- Fourth‑floor residence in a pre‑war walkup building
- Constructed in 1920 with high ceilings and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,492
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,840
$509.8K
Cap Rate 7%
$364,171
$364.2K
Cap Rate 9%
$283,244
$283.2K
Market Conditions
NOI Build-Up for 835 SF
Gross rent
$47.3K $56.64/SF
− Vacancy
−$946 −$1.13/SF
EGI
$46.3K $55.51/SF
− OpEx
−$20.9K −$24.98/SF
NOI
$25.5K $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%
$509,840
Cap Rate 7%
$364,171
Cap Rate 9%
$283,244
Alternative Uses
Best Use
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,492 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$691.4K
$605.0K – $806.6K
NOI $48,397 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,651
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Fourth-floor condominium with high ceilings, updated kitchen appliances, and a renovated marble bathroom.
Where is this residential income property located?
The property is located at 640 DITMAS Avenue 25 Brooklyn, NY.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 835‑square‑foot one‑bedroom, one‑bath condominium; Fourth‑floor residence in a pre‑war walkup building; Constructed in 1920 with high ceilings and hardwood floors
