Residential Income Property with
For Sale
$999,000
Pending
87 WINTHROP Street 2A, Brooklyn, NY 11225
Two-bedroom condominium residence with two bathrooms, a home office, open living areas, and central AC.
Property Size926 SF
Days on Market70
Property Features for 87 WINTHROP Street 2A
General Information
Standard status
Pending
Size
926 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,336
Amenities
Central AC
built-in speakers
in-unit washer/dryer
juliet balcony
Building Details
Building Size
926 SF
Year Built
2026
Listing Agency:
Serhant
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Miradorrealestate
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 27 at 1:36AM
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
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Investment Insights
Based on property information with market context.
Residence 2A is a 926-square-foot, two-bedroom, two-bathroom condominium in a newly constructed eight-residence building completed in 2026. The layout includes open living and dining spaces, a windowed home office, a south-facing Juliet balcony, and arched casement windows. Central AC, built-in speakers, and an in-unit washer/dryer add practical convenience.
The kitchen is equipped with natural oak cabinetry, quartz countertops, a stone-clad island with seating, and Fisher & Paykel appliances. The primary suite includes a walk-in closet and bathroom with a double vanity and glass-enclosed shower, while the second bathroom offers a deep soaking tub and built-in storage. The property is in Prospect Lefferts Gardens near Prospect Park, with access to the Q subway at Parkside Avenue and the 2/5 trains at Winthrop Street. Additional storage is available for purchase. Photos are renderings, and complete terms are provided in the offering plan from the Sponsor, File No. CD25-0413.
The kitchen is equipped with natural oak cabinetry, quartz countertops, a stone-clad island with seating, and Fisher & Paykel appliances. The primary suite includes a walk-in closet and bathroom with a double vanity and glass-enclosed shower, while the second bathroom offers a deep soaking tub and built-in storage. The property is in Prospect Lefferts Gardens near Prospect Park, with access to the Q subway at Parkside Avenue and the 2/5 trains at Winthrop Street. Additional storage is available for purchase. Photos are renderings, and complete terms are provided in the offering plan from the Sponsor, File No. CD25-0413.
Key Highlights
- 926‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Windowed home office and south‑facing Juliet balcony
- Newly constructed eight‑residence building completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,270
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,400
$565.4K
Cap Rate 7%
$403,857
$403.9K
Cap Rate 9%
$314,111
$314.1K
Market Conditions
NOI Build-Up for 926 SF
Gross rent
$52.4K $56.64/SF
− Vacancy
−$1.0K −$1.13/SF
EGI
$51.4K $55.51/SF
− OpEx
−$23.1K −$24.98/SF
NOI
$28.3K $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%
$565,400
Cap Rate 7%
$403,857
Cap Rate 9%
$314,111
Alternative Uses
Best Use
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,270 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$766.7K
$670.9K – $894.5K
NOI $53,671 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,517
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium residence with two bathrooms, a home office, open living areas, and central AC.
Where is this residential income property located?
The property is located at 87 WINTHROP Street 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 926‑square‑foot residence with 2 bedrooms and 2 bathrooms; Windowed home office and south‑facing Juliet balcony; Newly constructed eight‑residence building completed in 2026
