Residential Income Property with
For Sale
$505,000
85 LIVINGSTON Street 3F, Brooklyn, NY 11201
Third-floor junior one-bedroom residence with a renovated open kitchen and utilities included in monthly maintenance.
Property Size657 SF
Price / SF$768.65
Days on Market221
Property Features for 85 LIVINGSTON Street 3F
General Information
Standard status
Active
Size
657 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x junior 1BR
Multifamily Units
1
Amenities
24-hour concierge
live-in superintendent
central laundry room
bicycle storage
on-site storage lockers
pet-friendly
Building Details
Building Size
657 SF
Year Built
1964
Listing Agency:
Corcoran Group
(646) 575-9102
Listed By:
Angelina C Martinez · License #10301221109 (NY)
(646) 575-9102
Source:
Carytamura
Added: Jan 5
Changed: Aug 12
Last Checked: Aug 13 at 11:17AM
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
Investment Insights
Based on property information with market context.
This third-floor junior one-bedroom residence offers 657 square feet within the Robert Livingston Building, a full-service cooperative completed in 1964. The interior includes a king-sized bedroom, hardwood flooring, custom built-ins, California Closet storage, and a living room arranged for both dining and home office use. A renovated open kitchen features stainless-steel appliances and custom cabinetry. Southern exposure brings natural light into the home, while included utilities cover heat, A/C, hot water, cooking gas, and electricity through monthly maintenance.
The elevator-serviced building provides a 24-hour concierge, live-in superintendent, central laundry room, bicycle storage, storage lockers, and a residents’ gym currently being completed. A 24/7 attended parking garage is available within the building at an additional cost. The cooperative is pet-friendly and offers flexible subletting policies. The property is located at 85 LIVINGSTON Street in Brooklyn, with access to the 2, 3, 4, 5, and R subway lines and nearby Brooklyn Heights, Downtown Brooklyn, DUMBO, Cobble Hill, and Brooklyn Bridge Park.
The elevator-serviced building provides a 24-hour concierge, live-in superintendent, central laundry room, bicycle storage, storage lockers, and a residents’ gym currently being completed. A 24/7 attended parking garage is available within the building at an additional cost. The cooperative is pet-friendly and offers flexible subletting policies. The property is located at 85 LIVINGSTON Street in Brooklyn, with access to the 2, 3, 4, 5, and R subway lines and nearby Brooklyn Heights, Downtown Brooklyn, DUMBO, Cobble Hill, and Brooklyn Bridge Park.
Key Highlights
- 657 SF third‑floor junior one‑bedroom residence
- Robert Livingston Building cooperative, built in 1964
- Renovated open kitchen with stainless‑steel appliances and custom cabinetry
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
$20,058
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
3.97%
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%
$401,160
$401.2K
Cap Rate 7%
$286,543
$286.5K
Cap Rate 9%
$222,867
$222.9K
Market Conditions
NOI Build-Up for 657 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
$37.2K $56.64/SF
− Vacancy
−$744 −$1.13/SF
EGI
$36.5K $55.51/SF
− OpEx
−$16.4K −$24.98/SF
NOI
$20.1K $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%
$401,160
Cap Rate 7%
$286,543
Cap Rate 9%
$222,867
Alternative Uses
Best Use
Apartment 5plus
$286.5K
$250.7K – $334.3K
NOI $20,058 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$544.0K
$476.0K – $634.7K
NOI $38,080 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13,398
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 - Third-floor junior one-bedroom residence with a renovated open kitchen and utilities included in monthly maintenance.
Where is this residential income property located?
The property is located at 85 LIVINGSTON Street 3F Brooklyn, NY.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 657 SF third‑floor junior one‑bedroom residence; Robert Livingston Building cooperative, built in 1964; Renovated open kitchen with stainless‑steel appliances and custom cabinetry
