Building Details

Building Size 1,800 SF

Year Built 2006

Listing Agency: Compass

Listed By: Enilolobo Malika Oyo Show Phone

Source: Penrealty

Added: Sep 20 Changed: Oct 26 Last Checked: Oct 26 at 11:03PM

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Investment Insights

Based on property information with market context.

This first-floor duplex condominium provides 1,800 square feet of residential space across an open main level and a lower bedroom level. The upper floor combines the living room, dining area, and kitchen, with large windows, glass doors, premium appliances, and a central island. Three separate patios extend from the interior through glass doors. The lower level contains two bedrooms, including a primary suite with an en-suite bathroom, walk-in closet, secondary closet, and private patio. A second full bathroom serves the other bedroom, while an ancillary room offers flexible space for a den, office, gym, playroom, or lounge. Central cooling and heating, hardwood floors, and a lower-level washer/dryer closet are included. The property was built in 2006 and retains a 421A tax abatement through 2032. It is located in Bedford-Stuyvesant at 802 Dekalb Avenue in Brooklyn.

Key Highlights

• 1,800‑square‑foot first‑floor duplex condominium
• Three separate outdoor patios connected by glass doors
• Two bedrooms, including a primary suite with en‑suite bathroom and private patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,952

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,099,040 $1.1M

Cap Rate 7%

$785,029 $785.0K

Cap Rate 9%

$610,578 $610.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$102.0K $56.64/SF

− Vacancy

−$2.0K −$1.13/SF

EGI

$99.9K $55.51/SF

− OpEx

−$45.0K −$24.98/SF

NOI

$55.0K $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%

$1,099,040

Cap Rate 7%

$785,029

Cap Rate 9%

$610,578

Alternative Uses

Best Use

Apartment 5plus

$785.0K

$686.9K – $915.9K (±1% cap)

NOI $54,952 @ 7.0% cap · market cap 4.58%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,328 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

5,214

Businesses Nearby

Explore this area Business Placement

Demographics for 11221, NY

89,222

Population

38,690

Households

2.3

Avg Household Size

33

Median Age

42%

College-Educated

84%

High-School Grad

1.4 sq mi

ZIP Area

63,730

Density / Sq Mi

$85,122

Median Household Income

$49,202

Median Earnings

$2,055

Median Rent

$1,061,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - First-floor duplex condominium with three private outdoor patios and an open-concept living, dining, and kitchen area.

Where is this residential income property located?

The property is located at 802 Dekalb Avenue 1B Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 1,800‑square‑foot first‑floor duplex condominium; Three separate outdoor patios connected by glass doors; Two bedrooms, including a primary suite with en‑suite bathroom and private patio