Updated Corner Unit Near
For Sale
$255,000
Pending
720 E31st 4k, Brooklyn, NY 11210
Move-in ready apartment near shopping, dining, and transportation.
Property Size600 SF
Days on Market336
Property Features for 720 E31st 4k
General Information
Standard status
Pending
Size
600 SF
Property subtype
Residential
Building Details
Building Size
600 SF
Year Built
1963
Listing Agency:
Samuels Property Group LLC
Listed By:
Gail N. Ramroop
(917) 287-8577
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:37AM
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 Samuels Property Group 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.
This sun-drenched corner unit is a recently updated and move-in ready apartment. It is located within a short walk to shopping, restaurants, the train station (2, 5 lines), and Brooklyn College.
Key Highlights
- Prime Location: Just a 2‑minute walk to shopping, restaurants, and train station (2,5 lines).
- Move‑in Ready: Recently updated and ready for immediate occupancy.
- Corner Unit: Offers enhanced privacy and abundant natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,317
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,340
$366.3K
Cap Rate 7%
$261,671
$261.7K
Cap Rate 9%
$203,522
$203.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$34.0K $56.64/SF
− Vacancy
−$680 −$1.13/SF
EGI
$33.3K $55.51/SF
− OpEx
−$15.0K −$24.98/SF
NOI
$18.3K $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%
$366,340
Cap Rate 7%
$261,671
Cap Rate 9%
$203,522
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.3K
NOI $18,317 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 13.64%
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
3,608
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Move-in ready apartment near shopping, dining, and transportation.
Where is this apartment building located?
The property is located at 720 E31st 4k Brooklyn, NY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Prime Location: Just a 2‑minute walk to shopping, restaurants, and train station (2,5 lines).; Move‑in Ready: Recently updated and ready for immediate occupancy.; Corner Unit: Offers enhanced privacy and abundant natural light.
