One-Bedroom Residential Income
For Sale
$517,000
6735 RIDGE Boulevard 5F, Brooklyn, NY 11220
A co-op-style residence includes a full bath and an eat-in kitchen.
Property Size700 SF
Price / SF$738.57
Days on Market8
Property Features for 6735 RIDGE Boulevard 5F
General Information
Standard status
Active
Size
700 SF
Property subtype
Apartment
Building Details
Building Size
700 SF
Year Built
1928
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Carlinwright
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 24 at 11:23PM
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 ISLAND ADVANTAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This co-op-style residential property offers one bedroom, a full bathroom, and an eat-in kitchen. The residence contains 700 square feet and was built in 1928.
Key Highlights
- 700‑square‑foot residence
- One bedroom with a full bathroom
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,667
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,340
$373.3K
Cap Rate 7%
$266,671
$266.7K
Cap Rate 9%
$207,411
$207.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$35.3K $50.40/SF
− Vacancy
−$1.3K −$1.92/SF
EGI
$33.9K $48.48/SF
− OpEx
−$15.3K −$21.82/SF
NOI
$18.7K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,340
Cap Rate 7%
$266,671
Cap Rate 9%
$207,411
Alternative Uses
Best Use
Apartment 5plus
$266.7K
$233.3K – $311.1K
NOI $18,667 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
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Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A co-op-style residence includes a full bath and an eat-in kitchen.
Where is this residential income property located?
The property is located at 6735 RIDGE Boulevard 5F Brooklyn, NY.
What is the asking price?
The asking price for this property is $517,000.
What are key features of this property?
This property features: 700‑square‑foot residence; One bedroom with a full bathroom; Eat‑in kitchen
