Two-Bedroom Residential Income
New
For Sale
$975,000
87 WINTHROP Street 2B, Brooklyn, NY 11225
Newly constructed residence with open living areas, a home office, and two full bathrooms.
Property Size926 SF
Price / SF$1,052
Days on Market5
Property Features for 87 WINTHROP Street 2B
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
juliette balcony
Building Details
Building Size
926 SF
Year Built
2026
Listing Agency:
Serhant
(646) 650-6456
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Howardhannanyc
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 3:27AM
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 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 = 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
2.90%
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 2.90%
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.
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 - 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
