Renovated Residential Income
For Sale
$549,900
800 E 17th Street 5-A, Brooklyn, NY 11230
Pre-war residential property with updated interiors, elevator access, resident storage, and a landscaped courtyard.
Property Size800 SF
Price / SF$687.38
Days on Market8
Property Features for 800 E 17th Street 5-A
General Information
Standard status
Active
Size
800 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
Resident courtyard
Elevator
Resident storage
Live-in super
Updated virtual doorman system
Updated lobby and hallways
Bike Storage
Building Details
Building Size
800 SF
Year Built
1938
Listing Agency:
MNS
(212) 475-9000
Listed By:
Vicario B Phillip
(212) 475-9000
Source:
Carlinwright
Added: Aug 8
Changed: Aug 13
Last Checked: Aug 14 at 12:18PM
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 MNS
Investment Insights
Based on property information with market context.
Built in 1938, this residential income property offers pre-war co-op residences in Historic Fiske Terrace. The renovated layouts combine restored hardwood floors with Bosch and GE appliances, Kohler fixtures, Porcelanosa tile, Robern medicine cabinets, and in-unit washers and dryers. The building includes an elevator, resident courtyard, storage, bike storage, live-in superintendent, and updated lobby, hallways, and virtual doorman system.
The property is located at 800 E 17th Street in Brooklyn, within a landmark section of Flatbush characterized by early 20th-century architecture and tree-lined streets. The express Q line is nearby, along with cafes, restaurants, nightlife, and the restored King's Theater. The offering includes residence 5-A, with photos noted as potentially differing from the subject unit or showing virtual staging.
The property is located at 800 E 17th Street in Brooklyn, within a landmark section of Flatbush characterized by early 20th-century architecture and tree-lined streets. The express Q line is nearby, along with cafes, restaurants, nightlife, and the restored King's Theater. The offering includes residence 5-A, with photos noted as potentially differing from the subject unit or showing virtual staging.
Key Highlights
- 1938‑built pre‑war co‑op property in Historic Fiske Terrace
- Renovated residences with restored hardwood flooring and in‑unit washers and dryers
- Bosch and GE appliances, Kohler fixtures, Porcelanosa tile, and Robern medicine cabinets
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
$24,423
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
4.44%
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%
$488,460
$488.5K
Cap Rate 7%
$348,900
$348.9K
Cap Rate 9%
$271,367
$271.4K
Market Conditions
NOI Build-Up for 800 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
$45.3K $56.64/SF
− Vacancy
−$906 −$1.13/SF
EGI
$44.4K $55.51/SF
− OpEx
−$20.0K −$24.98/SF
NOI
$24.4K $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 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%
$488,460
Cap Rate 7%
$348,900
Cap Rate 9%
$271,367
Alternative Uses
Best Use
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,678
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war residential property with updated interiors, elevator access, resident storage, and a landscaped courtyard.
Where is this residential income property located?
The property is located at 800 E 17th Street 5-A Brooklyn, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1938‑built pre‑war co‑op property in Historic Fiske Terrace; Renovated residences with restored hardwood flooring and in‑unit washers and dryers; Bosch and GE appliances, Kohler fixtures, Porcelanosa tile, and Robern medicine cabinets
