Residential Income Property with Eat-In
For Sale
$810,000
72 CLOVE Road 76, Brooklyn, NY 11225
Four bedrooms, two full baths, and driveway parking provide a practical residential configuration.
Property Size1,454 SF
Price / SF$557.08
Days on Market14
Property Features for 72 CLOVE Road 76
General Information
Standard status
Active
Size
1,454 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,708
Building Details
Building Size
1,454 SF
Year Built
1997
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Howardhannanyc
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 24 at 11:44PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1997, this residential property has four bedrooms, two full bathrooms, and an eat-in kitchen. Driveway parking is also available.
The property is located on Clove Road in Brooklyn, New York.
The property is located on Clove Road in Brooklyn, New York.
Key Highlights
- Four bedrooms and two full bathrooms
- Eat‑in kitchen
- Driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,389
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,780
$887.8K
Cap Rate 7%
$634,129
$634.1K
Cap Rate 9%
$493,211
$493.2K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$82.4K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$80.7K $55.51/SF
− OpEx
−$36.3K −$24.98/SF
NOI
$44.4K $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%
$887,780
Cap Rate 7%
$634,129
Cap Rate 9%
$493,211
Alternative Uses
Best Use
Apartment 5plus
$634.1K
$554.9K – $739.8K
NOI $44,389 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,274 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,806
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Four bedrooms, two full baths, and driveway parking provide a practical residential configuration.
Where is this residential income property located?
The property is located at 72 CLOVE Road 76 Brooklyn, NY.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Four bedrooms and two full bathrooms; Eat‑in kitchen; Driveway parking
