Residential Income Property with Roof
For Sale
$1,275,000
Pending
87 WINTHROP Street PHB, Brooklyn, NY 11225
New-construction duplex residence offers private outdoor areas, a home office, central AC, and in-unit laundry.
Property Size1,171 SF
Days on Market62
Property Features for 87 WINTHROP Street PHB
General Information
Standard status
Pending
Size
1,171 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$12,732
Building Details
Building Size
1,171 SF
Year Built
2026
Listing Agency:
Serhant
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Miradorrealestate
Added: Aug 28
Changed: Oct 27
Last Checked: Oct 27 at 12:34AM
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 PHB is a newly constructed duplex condominium with three bedrooms and three bathrooms across two levels. The home includes 1,171 square feet, a windowed office, private balcony, and a finished private roof deck measuring almost 650 square feet. An internal staircase connects the upper-level bedroom suite to the roof deck, which includes a wet bar with custom cabinetry, sink, mini-fridge, and preparation counter.
Interior features include open living and dining areas, casement windows, central AC, built-in speakers, and an in-unit washer/dryer. The kitchen is appointed with natural oak cabinetry, quartz countertops, and Fisher & Paykel appliances. The primary suite includes a walk-in closet and bathroom with double vanity and glass-enclosed shower, while the secondary bathroom offers a soaking tub and built-in storage.
The property is located at 87 Winthrop Street in Brooklyn’s Prospect Lefferts Gardens. Prospect Park and multiple subway options, including the Q at Parkside Avenue and the 2/5 at Winthrop Street, are nearby. The building contains eight residences and was built in 2026.
Interior features include open living and dining areas, casement windows, central AC, built-in speakers, and an in-unit washer/dryer. The kitchen is appointed with natural oak cabinetry, quartz countertops, and Fisher & Paykel appliances. The primary suite includes a walk-in closet and bathroom with double vanity and glass-enclosed shower, while the secondary bathroom offers a soaking tub and built-in storage.
The property is located at 87 Winthrop Street in Brooklyn’s Prospect Lefferts Gardens. Prospect Park and multiple subway options, including the Q at Parkside Avenue and the 2/5 at Winthrop Street, are nearby. The building contains eight residences and was built in 2026.
Key Highlights
- 1,171 square feet across a two‑level duplex
- Private roof deck measuring almost 650 square feet
- Three bedrooms and three bathrooms, plus a windowed home office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,749
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,980
$715.0K
Cap Rate 7%
$510,700
$510.7K
Cap Rate 9%
$397,211
$397.2K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$66.3K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$65.0K $55.51/SF
− OpEx
−$29.2K −$24.98/SF
NOI
$35.7K $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%
$714,980
Cap Rate 7%
$510,700
Cap Rate 9%
$397,211
Alternative Uses
Best Use
Apartment 5plus
$510.7K
$446.9K – $595.8K
NOI $35,749 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$969.6K
$848.4K – $1.13M
NOI $67,871 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
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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 - New-construction duplex residence offers private outdoor areas, a home office, central AC, and in-unit laundry.
Where is this residential income property located?
The property is located at 87 WINTHROP Street PHB Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 1,171 square feet across a two‑level duplex; Private roof deck measuring almost 650 square feet; Three bedrooms and three bathrooms, plus a windowed home office
