Residential Income
For Sale
$770,000
968 Albany Avenue, Brooklyn, NY 11203
Built in 1920, the property has a finished full basement, garage, and fenced outdoor areas.
Property Size1,312 SF
Days on Market59
Property Features for 968 Albany Avenue
General Information
Standard status
Active
Size
1,312 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,384
Amenities
Wall/Window Unit(s)
Steam
Finished, Full
Crown Molding, Eat-in Kitchen, Entrance Foyer, High Ceilings
City, Neighborhood
Fenced, Back Yard, Front Yard
Driveway, Garage, Off Street, On Street, Shared Driveway
Awning(s), Garden, Lighting
Building Details
Building Size
1,312 SF
Year Built
1920
Listing Agency:
The Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(888) 278-5840
Source:
Evrealestate
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 8:31AM
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 The Greene Realty Group
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Investment Insights
Based on property information with market context.
Located at 968 Albany Avenue in Brooklyn, this residential income property was built in 1920. Interior features include a finished full basement, an eat-in kitchen, an entrance foyer, crown molding, and high ceilings. Heating and cooling features include steam and wall/window units.
The exterior includes front and back yards, fencing, a garden, awnings, and lighting. Parking options listed include a garage, driveway, shared driveway, and on-street and off-street parking.
The exterior includes front and back yards, fencing, a garden, awnings, and lighting. Parking options listed include a garage, driveway, shared driveway, and on-street and off-street parking.
Key Highlights
- 1920 construction
- Finished full basement
- Eat‑in kitchen, entrance foyer, crown molding, and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,054
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,080
$801.1K
Cap Rate 7%
$572,200
$572.2K
Cap Rate 9%
$445,044
$445.0K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$74.3K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$72.8K $55.51/SF
− OpEx
−$32.8K −$24.98/SF
NOI
$40.1K $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%
$801,080
Cap Rate 7%
$572,200
Cap Rate 9%
$445,044
Alternative Uses
Best Use
Apartment 5plus
$572.2K
$500.7K – $667.6K
NOI $40,054 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$950.6K – $1.27M
NOI $76,044 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1920, the property has a finished full basement, garage, and fenced outdoor areas.
Where is this residential income property located?
The property is located at 968 Albany Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 1920 construction; Finished full basement; Eat‑in kitchen, entrance foyer, crown molding, and high ceilings
