14
Map
155 Underhill Avenue #BUILDING
About This Property
The home offers amazing possibilities. An income producing investment, single-family home, or variation of garden rental with owners home above. Currently, the setup has an expansive garden and parlor floor duplex. The second floor is an oversized 2 bedroom layout with bathroom on the floor. The top floor has a proper kitchen with former dining area, living room, and bedroom. There is also roof access on the top floor. The basement level has near 7 foot ceilings, and a fantastic space to refinish for additional square footage.
This rare opportunity is ready and vacant for someone else to call home.
Building Specs:
Built Size: 18.67 ft x 45 ft
Lot Size: 18.67 ft x 90 ft
Annual Taxes: $9,568
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2022 | Sold | ||
| Sold | |||
| Mar 4, 2022 | In contract | - | |
| In contract | |||
| Feb 16, 2022 | Listed by Elegran LLC | $3,200,000 | |
| Listed by Elegran LLC | |||
Property Highlights
155 Underhill Avenue #BUILDING, Brooklyn, NY, 11238
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
02/16/2022
|
5 Bed
|
4 Bath
|
3536 ft²
|
$3,200,000
5 Bed
4 Bath
3536 ft²
|
$3,200,000
06/28/2022
|
-
|
Kirk Eckenrode
Elegran LLC
|
Building Info
About Northwestern Brooklyn
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Listing Courtesy of Elegran LLC
Last Updated: 3 years ago
Last Checked: 14 minutes ago
Data Source: REBNY (©2025 Real Estate Board of New York)
