Residential Income Property with Private Outdoor
For Sale
$975,000
814 5TH Avenue MAIS, Brooklyn, NY 11232
The duplex layout includes a separate lower-level recreation room and in-unit laundry.
Property Size1,062 SF
Price / SF$918.08
Days on Market21
Property Features for 814 5TH Avenue MAIS
General Information
Standard status
Active
Size
1,062 SF
Elevators
Yes
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,060
Amenities
private outdoor space
in-unit washer/dryer
on-site parking garage
secure private storage
common rooftop deck
pet-friendly
Building Details
Building Size
1,062 SF
Year Built
2025
Listing Agency:
Corcoran Group
Listed By:
Justin Martinez · License #10401225096 (NY)
(917) 336-1526
Source:
Penrealty
Added: Oct 6
Changed: Oct 25
Last Checked: Oct 25 at 1:57AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 1,062-square-foot duplex residence has a great room with a modern kitchen, one full bathroom, and a lower-level recreation room with a half bathroom. The home also includes in-unit laundry, closet and storage space, and 217 square feet of private outdoor area. The building was completed in 2025 and has an elevator, an on-site parking garage, secure private storage, and a common rooftop deck with skyline views.
Located in Brooklyn’s Greenwood Heights, the property has access to R, D, N, and F train service. The residence is part of Opal 33.
Located in Brooklyn’s Greenwood Heights, the property has access to R, D, N, and F train service. The residence is part of Opal 33.
Key Highlights
- 1,062‑square‑foot duplex with a lower‑level recreation room
- 217‑square‑foot private outdoor space
- One full bathroom and one half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,422
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,440
$648.4K
Cap Rate 7%
$463,171
$463.2K
Cap Rate 9%
$360,244
$360.2K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$60.2K $56.64/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$58.9K $55.51/SF
− OpEx
−$26.5K −$24.98/SF
NOI
$32.4K $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 Rate 5%
$648,440
Cap Rate 7%
$463,171
Cap Rate 9%
$360,244
Alternative Uses
Best Use
Apartment 5plus
$463.2K
$405.3K – $540.4K
NOI $32,422 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$879.3K
$769.4K – $1.03M
NOI $61,554 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The duplex layout includes a separate lower-level recreation room and in-unit laundry.
Where is this residential income property located?
The property is located at 814 5TH Avenue MAIS Brooklyn, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 1,062‑square‑foot duplex with a lower‑level recreation room; 217‑square‑foot private outdoor space; One full bathroom and one half bathroom
