One-Bedroom Residential Income
For Sale
$625,000
682 Willoughby Avenue 3F, Brooklyn, NY 11206
Boutique condominium residence with custom finishes, integrated appliances, and shared rooftop space.
Property Size607 SF
Price / SF$1,029
Days on Market9
Property Features for 682 Willoughby Avenue 3F
General Information
Standard status
Active
Size
607 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,816
Amenities
shared roof deck
Building Details
Building Size
607 SF
Year Built
1900
Listing Agency:
Hauseit LLC
(888) 494-8258
Listed By:
Nick Oliver
(888) 494-8258
Source:
Cbwarburg
Added: Aug 7
Changed: Aug 13
Last Checked: Aug 14 at 12:02PM
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 Hauseit LLC
Investment Insights
Based on property information with market context.
Residence 3F is a one-bedroom condominium residence measuring 607 square feet within a seven-residence boutique building. The home features 10-foot ceilings, oversized windows, hardwood flooring, recessed lighting, and built-in speakers. Its open kitchen includes German-made custom cabinetry, an integrated refrigerator and dishwasher, an electric range, and finished hardware. The bathroom provides contemporary fixtures and built-in storage, while an in-unit washer/dryer and central air conditioning add everyday convenience.
A shared roof deck extends the property's amenity package. The residence is located at 682 Willoughby Avenue in Brooklyn, NY 11206, with cafés, restaurants, cultural destinations, and multiple subway lines described as nearby. The building dates to 1900.
A shared roof deck extends the property's amenity package. The residence is located at 682 Willoughby Avenue in Brooklyn, NY 11206, with cafés, restaurants, cultural destinations, and multiple subway lines described as nearby. The building dates to 1900.
Key Highlights
- 607‑square‑foot one‑bedroom condominium residence
- 10‑foot ceilings and oversized windows
- Custom kitchen with integrated refrigerator, dishwasher, and electric range
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$370,620
$370.6K
Cap Rate 7%
$264,729
$264.7K
Cap Rate 9%
$205,900
$205.9K
Market Conditions
NOI Build-Up for 607 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.4K $56.64/SF
− Vacancy
−$688 −$1.13/SF
EGI
$33.7K $55.51/SF
− OpEx
−$15.2K −$24.98/SF
NOI
$18.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$370,620
Cap Rate 7%
$264,729
Cap Rate 9%
$205,900
Alternative Uses
Best Use
Apartment 5plus
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$502.6K
$439.8K – $586.4K
NOI $35,182 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Boutique condominium residence with custom finishes, integrated appliances, and shared rooftop space.
Where is this residential income property located?
The property is located at 682 Willoughby Avenue 3F Brooklyn, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 607‑square‑foot one‑bedroom condominium residence; 10‑foot ceilings and oversized windows; Custom kitchen with integrated refrigerator, dishwasher, and electric range
