Two-Bedroom Residential Income
8701 Shore Road 436, Brooklyn, NY 11209
For Sale
$559,000
The fourth-floor apartment combines a flexible two-bedroom layout with an in-unit washer and dryer.
Property Size1,001 SF
Price / SF$558.44
Days on Market20
Property Features for 8701 Shore Road 436
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
HOA Fee
Public Transit
Multifamily Units
Amenities
in-unit washer/dryer
live-in superintendent
on-site laundry
bike storage
virtual doorman
package room
landscaped grounds
Building Details
Building Size
Year Built
Listing Agency:
RE Max Edge Group
Listed By:
Dennis Edward McArdle · License NY #10401272291
(917) 584-8417
Source:
Carlinwright
Added: Oct 27
Changed: Nov 14
Last Checked: Nov 14 at 1:24PM
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 RE Max Edge Group
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Investment Insights
Based on property information with market context.
This 1,001-square-foot, fourth-floor apartment is arranged as a two-bedroom home, with a Junior 4 layout. Interior features include hardwood floors, recessed lighting, ceiling fans, and generous closet storage. The renovated kitchen has Caesarstone countertops, stainless steel appliances, and a dishwasher; the bathroom has also been updated. Nine oversized windows bring natural light into the unit, and a washer and dryer are installed in the apartment.
The building, constructed in 1932, has an elevator, live-in superintendent, laundry facilities, bike storage, virtual doorman, package room, and landscaped grounds. Dogs and cats are permitted. Shore Road’s waterfront promenade, parks, restaurants, and shops are nearby, and express bus service stops directly in front of the building.
The building, constructed in 1932, has an elevator, live-in superintendent, laundry facilities, bike storage, virtual doorman, package room, and landscaped grounds. Dogs and cats are permitted. Shore Road’s waterfront promenade, parks, restaurants, and shops are nearby, and express bus service stops directly in front of the building.
Key Highlights
- 1,001‑square‑foot apartment with a flexible Junior 4 layout configured as two bedrooms
- In‑unit washer and dryer
- Nine oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,559
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,180
$611.2K
Cap Rate 7%
$436,557
$436.6K
Cap Rate 9%
$339,544
$339.5K
Market Conditions
NOI Build-Up for 1,001 SF
Gross rent
$56.7K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$55.6K $55.51/SF
− OpEx
−$25.0K −$24.98/SF
NOI
$30.6K $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%
$611,180
Cap Rate 7%
$436,557
Cap Rate 9%
$339,544
Alternative Uses
Best Use
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$828.8K
$725.2K – $967.0K
NOI $58,018 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Brooklyn, NY
Properties on Market for Residential income properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Residential income property - The fourth-floor apartment combines a flexible two-bedroom layout with an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 8701 Shore Road 436 Brooklyn, NY.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 1,001‑square‑foot apartment with a flexible Junior 4 layout configured as two bedrooms; In‑unit washer and dryer; Nine oversized windows
