First-Floor Co-Op Apartment in Full-Service
For Sale
$1,248,000
75 Henry Street 1-E, Brooklyn, NY 11201
First-floor co-op residence with 24-hour doorman, live-in superintendent, laundry facilities, storage, and bike room.
Property Size1,200 SF
Price / SF$1,040
Days on Market33
Property Features for 75 Henry Street 1-E
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
24-hour doorman
live-in superintendent
landscaped gardens
laundry facilities
storage
bike room
garage parking
Building Details
Building Size
1,200 SF
Year Built
1967
Listing Agency:
EXP Realty NYC
(347) 992-6533
Listed By:
ALAIN DASYLVEIRA
(347) 992-6533
Source:
Cbwarburg
Added: Jul 15
Changed: Aug 16
Last Checked: Aug 15 at 12:28PM
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 EXP Realty NYC
Investment Insights
Based on property information with market context.
First-floor residence 1-E at 75 Henry Street offers a functional layout ready to be reimagined, with generously proportioned rooms, beautiful hardwood floors, and abundant closet space. The apartment is being sold in as-is condition as part of an estate sale. Built in 1967, the home is located within the highly regarded Whitman Owners Corp.
Residents enjoy full-service amenities including 24-hour doorman service and a live-in superintendent, along with landscaped gardens, laundry facilities, storage, and a dedicated bike room. Garage parking is available via waitlist. The building is positioned just moments from the Brooklyn Heights Promenade, Brooklyn Bridge Park, Montague Street, and multiple subway lines for everyday convenience.
Residents enjoy full-service amenities including 24-hour doorman service and a live-in superintendent, along with landscaped gardens, laundry facilities, storage, and a dedicated bike room. Garage parking is available via waitlist. The building is positioned just moments from the Brooklyn Heights Promenade, Brooklyn Bridge Park, Montague Street, and multiple subway lines for everyday convenience.
Key Highlights
- Whitman Owners Corp full‑service co‑op with 24‑hour doorman service
- Live‑in superintendent plus landscaped gardens
- In‑unit features include beautiful hardwood floors and abundant closet space
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
$36,635
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
2.94%
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%
$732,700
$732.7K
Cap Rate 7%
$523,357
$523.4K
Cap Rate 9%
$407,056
$407.1K
Market Conditions
NOI Build-Up for 1,200 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
$68.0K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$66.6K $55.51/SF
− OpEx
−$30.0K −$24.98/SF
NOI
$36.6K $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%
$732,700
Cap Rate 7%
$523,357
Cap Rate 9%
$407,056
Alternative Uses
Best Use
Apartment 5plus
$523.4K
$457.9K – $610.6K
NOI $36,635 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor co-op residence with 24-hour doorman, live-in superintendent, laundry facilities, storage, and bike room.
Where is this residential income property located?
The property is located at 75 Henry Street 1-E Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Whitman Owners Corp full‑service co‑op with 24‑hour doorman service; Live‑in superintendent plus landscaped gardens; In‑unit features include beautiful hardwood floors and abundant closet space
