Residential Income Property with Private
For Sale
$1,399,000
Pending
87 WINTHROP Street 1B, Brooklyn, NY 11225
Two-level condominium residence with flexible rooms, contemporary finishes, and direct access to a fenced outdoor area.
Property Size1,483 SF
Days on Market43
Property Features for 87 WINTHROP Street 1B
General Information
Standard status
Pending
Size
1,483 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,732
Amenities
central air conditioning
built-in speakers
in-unit washer/dryer
private backyard
home office
private storage
Building Details
Building Size
1,483 SF
Year Built
2026
Listing Agency:
Serhant
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Carlinwright
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 27 at 1:52AM
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 Serhant
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly constructed condominium residence spans 1,483 square feet across two levels and includes two bedrooms, 2.5 bathrooms, a windowed home office, recreation space, and a private storage unit. The open living and dining areas connect to a custom kitchen with natural oak cabinetry, quartz countertops, Fisher & Paykel appliances, and a built-in beverage cooler. Central AC, built-in speakers, and an in-unit washer/dryer are also included. The primary suite features a walk-in closet and glass-enclosed shower, while the second bedroom is served by a separate bathroom with a soaking tub. A lower-level bonus room, half-bath, and direct outdoor access add flexibility.
The residence includes a private fenced backyard spanning almost 1,300 square feet, with paved and grassy areas. It is located in Prospect Lefferts Gardens near Prospect Park, with subway access via the Q at Parkside Avenue and the 2/5 at Winthrop Street. Additional storage is available for purchase. Showings are by appointment only, and the marketing photographs are renderings.
The residence includes a private fenced backyard spanning almost 1,300 square feet, with paved and grassy areas. It is located in Prospect Lefferts Gardens near Prospect Park, with subway access via the Q at Parkside Avenue and the 2/5 at Winthrop Street. Additional storage is available for purchase. Showings are by appointment only, and the marketing photographs are renderings.
Key Highlights
- 1,483‑square‑foot condominium residence across two levels
- Two bedrooms and 2.5 bathrooms
- Private fenced backyard spanning almost 1,300 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,274
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,480
$905.5K
Cap Rate 7%
$646,771
$646.8K
Cap Rate 9%
$503,044
$503.0K
Market Conditions
NOI Build-Up for 1,483 SF
Gross rent
$84.0K $56.64/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$82.3K $55.51/SF
− OpEx
−$37.0K −$24.98/SF
NOI
$45.3K $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%
$905,480
Cap Rate 7%
$646,771
Cap Rate 9%
$503,044
Alternative Uses
Best Use
Apartment 5plus
$646.8K
$565.9K – $754.6K
NOI $45,274 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,955 @ 7.0% cap · market cap 6.14%
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
4,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence with flexible rooms, contemporary finishes, and direct access to a fenced outdoor area.
Where is this residential income property located?
The property is located at 87 WINTHROP Street 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 1,483‑square‑foot condominium residence across two levels; Two bedrooms and 2.5 bathrooms; Private fenced backyard spanning almost 1,300 square feet
