Deeded Parking Studio
For Sale
$499,000
906 Prospect Place 1A, Brooklyn, NY 11213
Oversized alcove studio with a private laundry room and in-unit washer/dryer, plus deeded parking in a boutique building.
Property Size504 SF
Price / SF$990.08
Days on Market79
Property Features for 906 Prospect Place 1A
General Information
Standard status
Active
Size
504 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,116
Amenities
in-unit washer/dryer
virtual doorman
bike storage
roof deck
Building Details
Building Size
504 SF
Year Built
2018
Listing Agency:
Compass
Listed By:
Shameika Wade · License #387653
(347) 328-3505
Source:
Howardhannanyc
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 7 at 5:22PM
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 Compass
Investment Insights
Based on property information with market context.
This oversized alcove studio (1A) is offered with deeded parking and in-unit convenience, including a dedicated private laundry room with a Bosch washer and dryer. The residence features four-inch white oak flooring, expansive windows, a chef-inspired kitchen with custom Caesarstone countertops and backsplashes, imported white lacquer cabinetry, and a Fisher & Paykel stainless-steel appliance suite. The bathroom includes a floating vanity, a deep soaking tub, and Vigo fixtures. The apartment is part of a boutique collection of 22 residences and was built in 2018.
Residents have access to a virtual doorman, bike storage, and a beautifully landscaped roof deck. The home is located in Crown Heights near Prospect Park and cultural landmarks including the Brooklyn Museum and Botanic Garden, with six subway lines nearby.
From a layout and finishes standpoint, the unit is designed around natural light and an efficient studio plan with distinct living and utility spaces, while the deeded parking provides everyday practicality in the neighborhood.
Residents have access to a virtual doorman, bike storage, and a beautifully landscaped roof deck. The home is located in Crown Heights near Prospect Park and cultural landmarks including the Brooklyn Museum and Botanic Garden, with six subway lines nearby.
From a layout and finishes standpoint, the unit is designed around natural light and an efficient studio plan with distinct living and utility spaces, while the deeded parking provides everyday practicality in the neighborhood.
Key Highlights
- Deeded parking included with studio residence
- Dedicated private laundry room with Bosch washer and dryer
- Oversized alcove studio with four‑inch white oak flooring and expansive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,387
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,740
$307.7K
Cap Rate 7%
$219,814
$219.8K
Cap Rate 9%
$170,967
$171.0K
Market Conditions
NOI Build-Up for 504 SF
Gross rent
$28.5K $56.64/SF
− Vacancy
−$571 −$1.13/SF
EGI
$28.0K $55.51/SF
− OpEx
−$12.6K −$24.98/SF
NOI
$15.4K $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%
$307,740
Cap Rate 7%
$219,814
Cap Rate 9%
$170,967
Alternative Uses
Best Use
Apartment 5plus
$219.8K
$192.3K – $256.5K
NOI $15,387 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$417.3K
$365.2K – $486.9K
NOI $29,212 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,726
Businesses Nearby
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Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Oversized alcove studio with a private laundry room and in-unit washer/dryer, plus deeded parking in a boutique building.
Where is this residential income property located?
The property is located at 906 Prospect Place 1A Brooklyn, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Deeded parking included with studio residence; Dedicated private laundry room with Bosch washer and dryer; Oversized alcove studio with four‑inch white oak flooring and expansive windows
