Loft-Style Residential Income
96 ROCKWELL Place 2B, Brooklyn, NY 11217
For Sale
$699,000
The residence combines an open kitchen, custom storage, and concealed in-unit laundry.
Property Size720 SF
Price / SF$970.83
Days on Market14
Property Features for 96 ROCKWELL Place 2B
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fitness room
bike storage
virtual doorman
full-time superintendent
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Heather M McMaster · License NY #10301200032
(917) 803-4219
Source:
Howardhannanyc
Added: Nov 2
Changed: Nov 14
Last Checked: Nov 14 at 12:53PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 720-square-foot west-facing residence has an open layout, four oversized windows, and ceilings reaching 11 feet. An open kitchen includes Wenge cabinetry, Caesarstone counters, stainless steel appliances, a gas cooktop, and a breakfast bar. Four sliding doors can separate the sleeping area, which has a closet with an Elfa system. Three additional large closets, oak flooring, a deep soaking tub, and a concealed stackable washer and dryer round out the interior. The building dates to 1903 and was converted from a piano factory; it has three to four homes per floor, a fitness room, bike storage, a virtual doorman, and a full-time superintendent.
The property is in Brooklyn’s BAM Cultural District, with Whole Foods 365 across the street. Fort Greene Park, restaurants, and shops are nearby, and Atlantic Terminal provides access to the LIRR and 10 subway lines. Pets are welcome.
The property is in Brooklyn’s BAM Cultural District, with Whole Foods 365 across the street. Fort Greene Park, restaurants, and shops are nearby, and Atlantic Terminal provides access to the LIRR and 10 subway lines. Pets are welcome.
Key Highlights
- 720‑square‑foot west‑facing residence with 11‑foot ceilings and four oversized windows
- Open kitchen with Wenge cabinetry, Caesarstone counters, stainless steel appliances, and a gas cooktop
- Four sliding doors separate the sleeping area; three additional large closets provide storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,981
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,620
$439.6K
Cap Rate 7%
$314,014
$314.0K
Cap Rate 9%
$244,233
$244.2K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$40.8K $56.64/SF
− Vacancy
−$816 −$1.13/SF
EGI
$40.0K $55.51/SF
− OpEx
−$18.0K −$24.98/SF
NOI
$22.0K $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%
$439,620
Cap Rate 7%
$314,014
Cap Rate 9%
$244,233
Alternative Uses
Best Use
Apartment 5plus
$314.0K
$274.8K – $366.4K
NOI $21,981 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,241
Businesses Nearby
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Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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Market
Average Price Trend$/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 residence combines an open kitchen, custom storage, and concealed in-unit laundry.
Where is this residential income property located?
The property is located at 96 ROCKWELL Place 2B Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 720‑square‑foot west‑facing residence with 11‑foot ceilings and four oversized windows; Open kitchen with Wenge cabinetry, Caesarstone counters, stainless steel appliances, and a gas cooktop; Four sliding doors separate the sleeping area; three additional large closets provide storage
