Top-Floor Residential Income
New
For Sale
$425,000
9201 SHORE Road C708, Brooklyn, NY 11209
One-bedroom co-op with a renovated kitchen, flexible living space, and partial water views in a full-service building.
Property Size875 SF
Price / SF$485.71
Days on Market7
Property Features for 9201 SHORE Road C708
General Information
Standard status
Active
Size
875 SF
Property subtype
Apartment
Building Details
Building Size
875 SF
Year Built
1960
Listing Agency:
SOLDANO REALTY
(718) 333-5233
Listed By:
Daniel J Soldano
(718) 333-5233
Source:
Howardhannanyc
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 12:22PM
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 SOLDANO REALTY
Investment Insights
Based on property information with market context.
This approximately 875-square-foot, one-bedroom cooperative occupies the top floor of a full-service residential building completed in 1960. The layout includes a separate dining area, living room, home office potential, a private bedroom with double closet, and a windowed galley kitchen with an eat-in section and luxury vinyl plank flooring. Hardwood floors, four closets, through-wall air conditioning, ceiling fans, and overhead lighting are also included. The bathroom has been partially updated and includes a full tub.
Building services include a 24-hour doorman, live-in superintendent, porter staff, two laundry rooms, a bike room, Fios availability, and a renovated lobby and entryway. Indoor garage parking and private storage are available by waitlist. The property is at 9201 Shore Road in Brooklyn, with Shore Road Park outside the building, express bus service at the entrance, and the R train at 95th Street nearby. Partial water views extend from both the living room and bedroom.
Building services include a 24-hour doorman, live-in superintendent, porter staff, two laundry rooms, a bike room, Fios availability, and a renovated lobby and entryway. Indoor garage parking and private storage are available by waitlist. The property is at 9201 Shore Road in Brooklyn, with Shore Road Park outside the building, express bus service at the entrance, and the R train at 95th Street nearby. Partial water views extend from both the living room and bedroom.
Key Highlights
- Approximately 875 square feet with one bedroom and a flexible living and dining layout
- Top‑floor co‑op with partial water views from the living room and bedroom
- Renovated, windowed galley kitchen with eat‑in area and luxury vinyl plank flooring
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
$26,713
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
6.29%
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%
$534,260
$534.3K
Cap Rate 7%
$381,614
$381.6K
Cap Rate 9%
$296,811
$296.8K
Market Conditions
NOI Build-Up for 875 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
$49.6K $56.64/SF
− Vacancy
−$991 −$1.13/SF
EGI
$48.6K $55.51/SF
− OpEx
−$21.9K −$24.98/SF
NOI
$26.7K $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 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%
$534,260
Cap Rate 7%
$381,614
Cap Rate 9%
$296,811
Alternative Uses
Best Use
Apartment 5plus
$381.6K
$333.9K – $445.2K
NOI $26,713 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$724.5K
$633.9K – $845.3K
NOI $50,715 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom co-op with a renovated kitchen, flexible living space, and partial water views in a full-service building.
Where is this residential income property located?
The property is located at 9201 SHORE Road C708 Brooklyn, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 875 square feet with one bedroom and a flexible living and dining layout; Top‑floor co‑op with partial water views from the living room and bedroom; Renovated, windowed galley kitchen with eat‑in area and luxury vinyl plank flooring
