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1546 W 10th St
Brooklyn, NY

1546 W 10th St

$1,800,000
7 bd • 5 ba • 3,600 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,800,000

Price/Sq.Ft

$500

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 1546 W 10th St, Brooklyn, NY 11204 offers exceptional value with its spacious 3,600 sqft layout, significantly larger than the typical Brooklyn home. At $500/sqft, it's priced competitively for the area, especially considering its 7 bedrooms and 5 bathrooms. This configuration is ideal for large families or as a potential multi-unit investment property. The brick exterior suggests solid construction and low maintenance requirements. Its location in the 11204 zip code places it in the Borough Park neighborhood, known for its strong community ties and proximity to amenities. The tree-lined street visible in the image indicates a pleasant, established residential area.

The Bad

The property's high price point of $1,800,000 may limit the pool of potential buyers, especially considering the median income in the area is $58,850. This suggests a significant gap between local incomes and the property's affordability. The lack of listed features and property description makes it challenging to assess any recent upgrades or unique selling points. The unknown year built raises concerns about potential hidden issues related to age, such as outdated systems or structural problems that may require costly updates.

The Ugly

The absence of utility and system information is a major red flag. For a property of this size and price point, potential buyers would need detailed information about HVAC, electrical, and plumbing systems to accurately assess ongoing costs and potential near-term expenses. The lack of room details makes it impossible to determine the layout efficiency or the condition of key areas like kitchens and bathrooms. Given the property's size and potential age, there could be significant upcoming maintenance or renovation costs that are not accounted for in the listing price.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for buyers with a household income of $300,000+ annually, based on traditional mortgage qualification standards. It's ideal for large, multi-generational families who need ample space and multiple bedrooms. Investors looking to convert the property into a multi-unit rental could also benefit, given the current rental rates in Brooklyn (e.g., $3,078 for a three-bedroom in 2023). The property could potentially yield $10,000+ in monthly rental income if fully optimized, although renovation costs would need to be factored in.

Not For

This property is not suitable for first-time homebuyers or those with average local incomes, given its high price point. Singles, couples, or small families would likely find the space excessive and the maintenance requirements overwhelming. It's also not ideal for buyers looking for a move-in ready home, as the lack of information suggests potential need for updates or renovations.
Demographics
Area Median Income

$58,850

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Risk Assessment

Risk Analysis

The unknown construction year poses a significant risk, potentially hiding major system failures or outdated components. There's a risk of overextension for buyers stretching their budget to afford the property. The large size could lead to higher-than-expected utility and maintenance costs. The potential for necessary upgrades to meet modern standards could add substantial costs post-purchase. The high price point may also lead to challenges in resale, especially if market conditions shift. Zoning laws and regulations regarding potential conversion to a multi-unit property need to be carefully investigated.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,828,000

1.6% above list price

Median Price

$1,868,000

Based on 6 recent sales

Price per Sq.Ft

$467

Comparable Properties

1696 E 2ND Street, NewYorkCity, NY 11223
Price: $1,775,000
Sq.Ft: 3,190
Beds/Baths: 6/5
$/Sq.Ft:
$55611.3%
Sale Date: 8/21/2024
1728 West 4th Street, Brooklyn, NY 11223
Price: $1,620,000
Sq.Ft: 4,284
Beds/Baths: 7/6
$/Sq.Ft:
$37824.4%
Sale Date: 9/19/2024
8693 23rd Avenue, Brooklyn, NY 11214
Price: $1,868,000
Sq.Ft:
Beds/Baths: 8/5
$/Sq.Ft: N/A
Sale Date: 12/5/2024
2057 67th Street, Brooklyn, NY 11204
Price: $1,930,000
Sq.Ft:
Beds/Baths: /4
$/Sq.Ft: N/A
Sale Date: 12/11/2024
2416 83rd Street, Brooklyn, NY 11214
Price: $1,700,000
Sq.Ft:
Beds/Baths: 7/4
$/Sq.Ft: N/A
Sale Date: 12/5/2024
1833 West 4th Street, Brooklyn, NY 11223
Price: $2,075,000
Sq.Ft:
Beds/Baths: /4
$/Sq.Ft: N/A
Sale Date: 9/9/2024

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