For Sale
$1,888,888
Pending
69 Martense Street, Brooklyn, NY 11226
Duplexes
Property Size2,660 SF
Days on Market9
Property Features for 69 Martense Street
General Information
Standard status
Pending
Size
2,660 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,494
Amenities
Full,Partially Finished,Walk-Out Access
2
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Formal Dining,High Ceilings,Master Downstairs
Full, Partially Finished, Walk-Out Access
Public
No
Detached, Driveway, Garage, Parking Lot, Private, Shared Driveway
2660
Building Details
Building Size
2,660 SF
Year Built
1930
Listing Agency:
Mitra Hakimi Realty Group LLC
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 Mitra Hakimi Realty Group LLC
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,427
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,540
$1.3M
Cap Rate 7%
$963,243
$963.2K
Cap Rate 9%
$749,189
$749.2K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$100.5K $37.80/SF
− Vacancy
−$4.2K −$1.59/SF
EGI
$96.3K $36.21/SF
− OpEx
−$28.9K −$10.86/SF
NOI
$67.4K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,540
Cap Rate 7%
$963,243
Cap Rate 9%
$749,189
Alternative Uses
Best Use
Multifamily LT 5
$963.2K
$842.8K – $1.12M
NOI $67,427 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$890.8K
$779.5K – $1.04M
NOI $62,359 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,032 @ 7.0% cap · market cap 4.87%
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
Location Intelligence
Trade Area within ½ mile
5,488
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 69 Martense Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
