Two-Bedroom Residential Income
For Sale
$975,000
Pending
87 WINTHROP Street 2B, Brooklyn, NY 11225
Newly constructed residence with open living areas, a home office, and two full bathrooms.
Property Size926 SF
Days on Market79
Property Features for 87 WINTHROP Street 2B
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
Amenities
central AC
built-in speakers
in-unit washer/dryer
juliette balcony
Building Details
Building Size
926 SF
Year Built
2026
Listing Agency:
Serhant
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Howardhannanyc
Added: Aug 11
Changed: Aug 23
Last Checked: Oct 27 at 1:07AM
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 2B is a 926-square-foot condominium completed in 2026, with two bedrooms, two bathrooms, and a windowed home office. The open living and dining area connects to a South-facing juliette balcony, while arched casement windows bring natural light into the main living space. Interior features include central AC, built-in speakers, and an in-unit washer/dryer. The kitchen is arranged around a stone-clad island and includes natural oak cabinetry, quartz countertops, and a Fisher & Paykel appliance package. The primary suite has a walk-in closet and bathroom with a double vanity and glass-enclosed shower. A second bathroom includes a deep soaking tub and built-in storage.
The property is located in Prospect Lefferts Gardens near Prospect Park. Transit access includes the Q at Parkside Avenue and the 2/5 at Winthrop Street. Additional storage is available for purchase. Marketing photographs are renderings.
The property is located in Prospect Lefferts Gardens near Prospect Park. Transit access includes the Q at Parkside Avenue and the 2/5 at Winthrop Street. Additional storage is available for purchase. Marketing photographs are renderings.
Key Highlights
- 926 square feet with 2 bedrooms and 2 bathrooms
- Windowed home office and South‑facing juliette balcony
- Open living and dining area with arched casement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,270
Cap Rate
2.90%
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 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$766.7K
$670.9K – $894.5K
NOI $53,671 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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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 - Newly constructed residence with open living areas, a home office, and two full bathrooms.
Where is this residential income property located?
The property is located at 87 WINTHROP Street 2B 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: 926 square feet with 2 bedrooms and 2 bathrooms; Windowed home office and South‑facing juliette balcony; Open living and dining area with arched casement windows
