Residential Income Property with
For Sale
$999,000
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
Price / SF$1,078
Days on Market11
Property Features for 87 WINTHROP Street 2A
General Information
Standard status
Active
Size
926 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
Central AC
built-in speakers
in-unit washer/dryer
juliet balcony
Building Details
Building Size
926 SF
Year Built
2026
Listing Agency:
Serhant
(646) 650-6456
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Miradorrealestate
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 1:58PM
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
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 = 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
$28,270
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
2.83%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
