Residential Income Property with
For Sale
$1,295,000
976 Metropolitan Avenue 1B, Brooklyn, NY 11211
A two-level residence pairs flexible interior space with private outdoor areas and shared condominium amenities.
Property Size1,448 SF
Price / SF$894.34
Days on Market27
Property Features for 976 Metropolitan Avenue 1B
General Information
Standard status
Active
Size
1,448 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,436
Amenities
private garden
lower patio
infrared sauna
common roof deck
common storage
bike storage
virtual doorman
Building Details
Building Size
1,448 SF
Year Built
2005
Listing Agency:
Compass
Listed By:
PHYLLIS GOLDBERG
(917) 224-3100
Source:
Tricialee
Added: Sep 30
Changed: Oct 21
Last Checked: Oct 25 at 1:42AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level residence offers 1,448 square feet, with two bedrooms and the option to configure a third. The main floor has an open living and dining area, hardwood oak flooring, exposed brick, and a kitchen with custom cabinetry, quartz counters, and Bosch stainless steel appliances. A landscaped 848-square-foot private garden is accessed through glass doors; the lower level also opens to a patio. Two full bathrooms, two walk-in closets, a utility room, in-unit washer and dryer, split-system AC, baseboard heat, recessed lighting, and an infrared sauna complete the interior.
The residence is part of a five-unit condominium built in 2005. Shared amenities include a roof deck, bike and general storage, and a virtual doorman. The Graham Street L train station is three blocks away, and Cooper Park is several blocks from the property, with a dog run, tennis and basketball courts, and jogging paths.
The residence is part of a five-unit condominium built in 2005. Shared amenities include a roof deck, bike and general storage, and a virtual doorman. The Graham Street L train station is three blocks away, and Cooper Park is several blocks from the property, with a dog run, tennis and basketball courts, and jogging paths.
Key Highlights
- 1,448‑square‑foot duplex with two bedrooms and a convertible third
- Private landscaped garden measures 848 square feet, with an additional lower patio
- Two full bathrooms, two walk‑in closets, and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,206
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,120
$884.1K
Cap Rate 7%
$631,514
$631.5K
Cap Rate 9%
$491,178
$491.2K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$82.0K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$80.4K $55.51/SF
− OpEx
−$36.2K −$24.98/SF
NOI
$44.2K $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%
$884,120
Cap Rate 7%
$631,514
Cap Rate 9%
$491,178
Alternative Uses
Best Use
Apartment 5plus
$631.5K
$552.6K – $736.8K
NOI $44,206 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,926 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level residence pairs flexible interior space with private outdoor areas and shared condominium amenities.
Where is this residential income property located?
The property is located at 976 Metropolitan Avenue 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1,448‑square‑foot duplex with two bedrooms and a convertible third; Private landscaped garden measures 848 square feet, with an additional lower patio; Two full bathrooms, two walk‑in closets, and in‑unit washer and dryer
