Detached Corner Lot
8 Lester Court Brooklyn, NY 11229
For Sale
$729,999
SINGLE_FAMILY - Brooklyn, NY
Property Size1,880 SF
Lot Size0.04 Acres
Price / SF$388.30
Days on Market417
Property Features for 8 Lester Court
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4
- Interior features
- A/C Unit - Wall, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,880 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5171
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Hardwood, Linoleum
- Building materials
- Wood Frame, Masonry
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Yu-Fen (Madeline) Chiu
(718) 612-3088
Added: Jun 5, 2025
Changed: Jul 6
Last Checked: Jul 26 at 9:06PM
MLS# 493141
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully detached single-family home on a sunny corner lot offers a bright first floor with a spacious living and dining area, plus a large eat-in kitchen with granite countertops and stainless steel appliances. A full bathroom also serves the main level. Downstairs, the basement includes a laundry area with a washer and dryer, along with a new boiler and water heater, and a private side entrance that opens to a newly built, generously sized sunroom surrounded by a brand-new fence.
Upstairs, the home features four spacious bedrooms and a sleek, modern bathroom with a stand-up shower. An attic provides additional storage, and the property includes a dedicated private parking spot. The home is located at 8 Lester Court in Brooklyn, NY 11229, within an R4 zoning classification.
Upstairs, the home features four spacious bedrooms and a sleek, modern bathroom with a stand-up shower. An attic provides additional storage, and the property includes a dedicated private parking spot. The home is located at 8 Lester Court in Brooklyn, NY 11229, within an R4 zoning classification.
Key Highlights
- Fully detached home on a sunny corner lot with a private front and backyard
- Eat‑in kitchen with granite countertops and stainless steel appliances (dishwasher, microwave, refrigerator, stove)
- Basement laundry area with washer and dryer plus new boiler and water heater
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.5k | $56.64 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $104.4k | $55.51 |
| − OpEx | −$47.0k | −$24.98 |
| NOI | $57.4k | $30.53 |
1,880 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$819.9K
$717.4K – $956.6K
NOI $57,394 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,965 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Fully detached home on a sunny corner lot with four bedrooms, a new sunroom, and a private parking spot.
Where is this single family property located?
The property is located at 8 Lester Court Brooklyn, NY.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Fully detached home on a sunny corner lot with a private front and backyard; Eat‑in kitchen with granite countertops and stainless steel appliances (dishwasher, microwave, refrigerator, stove); Basement laundry area with washer and dryer plus new boiler and water heater
