Three-Unit Building with Spacious
166 Atkins Ave Brooklyn, NY 11208
For Sale
Contact for pricing
Three-story building featuring well-kept apartments with great sunlight.
Property Size2,760 SF
Price / SF$452.90
Days on Market822
Property Features for 166 Atkins Ave
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
Brown Harris Stevens
(212) 396-8244
Listed By:
Kervin Vales · License #109918089
Source:
Crexi
Added: Apr 24, 2024
Changed: Jul 6
Last Checked: Jul 23 at 6:05AM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This is a 20-foot wide, three-story building containing three units. The ground floor apartment is a two-bedroom floor-through with a large front room, a central full kitchen and living/dining area, and a rear bedroom. A full bathroom is located to the side. This unit provides access to the backyard and houses the gas boiler and water heater room. The three gas meters and two electric meters are located on this floor. The unit features 9-foot ceilings and receives ample sunlight. The second floor apartment includes three bedrooms, with one at the front and two at the back. The full kitchen and living/dining area are centrally located, and the full bathroom is to the side. This apartment has backyard access via the back staircase, 12-foot ceilings, and is in good condition with great sunlight. The third-floor apartment has four bedrooms, two at the front and two at the back. The full kitchen and living/dining area are in the middle, with the full bathroom to the side. This unit also features 12-foot ceilings, good sunlight, and is in good condition. The living/dining area includes two large skylights. The apartments are in good condition with nice wood floors. The bedrooms are large and spacious, accommodating a queen-size bed. The common areas are well-kept, featuring a beautiful staircase and a great layout. The property size is 2760 square feet.
Key Highlights
- Three‑unit building: Ideal for investors or owner‑occupiers seeking rental income.
- Spacious apartments: All units feature large bedrooms capable of accommodating queen‑size beds.
- High ceilings: Second and third‑floor units boast impressive 12' ceilings, while the ground floor has 9' ceilings.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.2k | $43.20 |
| − Vacancy | −$4.5k | −$1.64 |
| EGI | $114.7k | $41.56 |
| − OpEx | −$51.6k | −$18.70 |
| NOI | $63.1k | $22.86 |
2,760 SF · lease $43.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$901.2K
$788.6K – $1.05M
NOI $63,086 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,215 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three-story building featuring well-kept apartments with great sunlight.
Where is this apartment building located?
The property is located at 166 Atkins Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑unit building: Ideal for investors or owner‑occupiers seeking rental income.; Spacious apartments: All units feature large bedrooms capable of accommodating queen‑size beds.; High ceilings: Second and third‑floor units boast impressive 12' ceilings, while the ground floor has 9' ceilings.
