One-Bedroom Co-op with In-Unit
For Sale
$529,000
7119 Shore Road 6H, Brooklyn, NY 11209
Sun-filled one-bedroom co-op with in-unit washer and dryer, parquet floors, 9-foot ceilings, and a renovated windowed bathroom.
Property Size900 SF
Price / SF$587.78
Days on Market19
Property Features for 7119 Shore Road 6H
General Information
Standard status
Active
Size
900 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$975
Amenities
in-unit washer and dryer
fitness center
private storage
bicycle room
laundry facilities
live-in superintendent
built-in sleeve air conditioners
Building Details
Building Size
900 SF
Year Built
1931
Listing Agency:
RE Max Edge Group
(718) 612-3088
Listed By:
Marilee Pettet · License #30PE0563860
(718) 612-3088
Source:
Carlinwright
Added: Jul 27
Changed: Aug 11
Last Checked: Aug 14 at 12:46PM
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 RE Max Edge Group
Investment Insights
Based on property information with market context.
A sun-filled one-bedroom co-op with classic pre-war character, approximately 900 square feet of living space, and in-unit washer and dryer convenience. The home offers parquet hardwood floors and 9-foot ceilings, with a southwest exposure that brings in abundant natural light and provides partial views of New York Harbor and the Verrazzano-Narrows Bridge. The layout includes a generous living room and an oversized bedroom.
A standout feature is the large eat-in kitchen, complete with a separate dining area, abundant cabinet space, new stainless steel appliances, and original cabinetry in excellent condition. A renovated windowed bathroom, built-in sleeve air conditioners, and excellent closet space complete the residence.
The pre-war building dates to 1931 and includes a fully equipped fitness center, private storage (subject to availability), a bicycle room, laundry facilities, and a live-in superintendent. The co-op is located directly across from Narrows Botanical Gardens, with Shore Road’s waterfront promenade and scenic bike paths nearby, along with convenient access to the NYC Ferry, express buses, and the R train.
A standout feature is the large eat-in kitchen, complete with a separate dining area, abundant cabinet space, new stainless steel appliances, and original cabinetry in excellent condition. A renovated windowed bathroom, built-in sleeve air conditioners, and excellent closet space complete the residence.
The pre-war building dates to 1931 and includes a fully equipped fitness center, private storage (subject to availability), a bicycle room, laundry facilities, and a live-in superintendent. The co-op is located directly across from Narrows Botanical Gardens, with Shore Road’s waterfront promenade and scenic bike paths nearby, along with convenient access to the NYC Ferry, express buses, and the R train.
Key Highlights
- Approximately 900 square feet
- Southwest exposure with partial views of New York Harbor and the Verrazzano‑Narrows Bridge
- In‑unit washer and dryer
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
$27,476
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
5.19%
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%
$549,520
$549.5K
Cap Rate 7%
$392,514
$392.5K
Cap Rate 9%
$305,289
$305.3K
Market Conditions
NOI Build-Up for 900 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
$51.0K $56.64/SF
− Vacancy
−$1.0K −$1.13/SF
EGI
$50.0K $55.51/SF
− OpEx
−$22.5K −$24.98/SF
NOI
$27.5K $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%
$549,520
Cap Rate 7%
$392,514
Cap Rate 9%
$305,289
Alternative Uses
Best Use
Apartment 5plus
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$745.2K
$652.1K – $869.4K
NOI $52,164 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Sun-filled one-bedroom co-op with in-unit washer and dryer, parquet floors, 9-foot ceilings, and a renovated windowed bathroom.
Where is this residential income property located?
The property is located at 7119 Shore Road 6H Brooklyn, NY.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Approximately 900 square feet; Southwest exposure with partial views of New York Harbor and the Verrazzano‑Narrows Bridge; In‑unit washer and dryer
