Residential Income
New
For Sale
$435,000
715 Ocean Parkway 1N, Brooklyn, NY 11230
The elevator co-op offers shared laundry, a courtyard, storage, and garage parking available by waitlist.
Property Size862 SF
Price / SF$504.64
Days on Market3
Property Features for 715 Ocean Parkway 1N
General Information
Standard status
Active
Size
862 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
laundry room
common courtyard
storage
parking garage
live-in superintendent
Building Details
Building Size
862 SF
Year Built
1954
Listing Agency:
Compass
Listed By:
Tatiana Shreider · License #10401341000
(917) 859-5332
Source:
Carlinwright
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:57PM
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 Compass
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Investment Insights
Based on property information with market context.
This second-floor, two-bedroom co-op apartment is in an elevator building constructed in 1954. Shared amenities include a laundry room, courtyard, storage, and a parking garage with spaces available by waitlist. A live-in superintendent is also on site.
The property is between the B/Q and F subway lines, with Prospect Park, neighborhood retail, and dining nearby. Subletting is allowed after two years of ownership with board approval. One cat is permitted; dogs and pied-à-terre purchases are not allowed.
The property is between the B/Q and F subway lines, with Prospect Park, neighborhood retail, and dining nearby. Subletting is allowed after two years of ownership with board approval. One cat is permitted; dogs and pied-à-terre purchases are not allowed.
Key Highlights
- Two‑bedroom apartment on the second floor
- Elevator building constructed in 1954
- Live‑in superintendent, laundry room, common courtyard, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,316
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,320
$526.3K
Cap Rate 7%
$375,943
$375.9K
Cap Rate 9%
$292,400
$292.4K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$48.8K $56.64/SF
− Vacancy
−$976 −$1.13/SF
EGI
$47.8K $55.51/SF
− OpEx
−$21.5K −$24.98/SF
NOI
$26.3K $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%
$526,320
Cap Rate 7%
$375,943
Cap Rate 9%
$292,400
Alternative Uses
Best Use
Apartment 5plus
$375.9K
$329.0K – $438.6K
NOI $26,316 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$713.7K
$624.5K – $832.7K
NOI $49,962 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The elevator co-op offers shared laundry, a courtyard, storage, and garage parking available by waitlist.
Where is this residential income property located?
The property is located at 715 Ocean Parkway 1N Brooklyn, NY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑bedroom apartment on the second floor; Elevator building constructed in 1954; Live‑in superintendent, laundry room, common courtyard, and storage
