Two-Unit Duplex with Private
For Sale
$899,000
153 Hendrix Street, Brooklyn, NY 11207
Residential, Brooklyn, NY
Property Size2,063 SF
Lot Size0.06 Acres
Price / SF$435.77
Days on Market620
Property Features for 153 Hendrix Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Patio and Porch features
Porch
Interior features
Porch, Refrigerator, Stove
Subdivision
Bushwick
Standard status
Active
Size
2,063 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6207
Amenities
private front porch
backyard
Building Details
Year built
1993
Floors in Building
2
Number of units
2
Flooring type
Ceramic, Tile, Laminate
Building materials
Block
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Hugo Salazar · License #31SA1010105
(917) 804-3713
Added: Jan 10, 2025
Changed: Sep 17
Last Checked: Sep 22 at 8:06AM
MLS# 488289
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,063-square-foot duplex contains two residential apartments within a 1993-built structure featuring block construction with brick-front and siding elements. The upper apartment includes 2 bedrooms, 1 bathroom, and a private front porch. The lower apartment provides 3 bedrooms, 1.5 bathrooms, and an open living and dining arrangement. Tile, laminate, and ceramic flooring are present throughout the property.
A 0.0639-acre lot includes a private driveway accommodating 3+ cars, along with a backyard suitable for outdoor use and gardening. The property is zoned R4 and includes upgraded electrical systems, gas heating, and a gas hot water tank serving both units. Its Cypress Hills location is near the Jackie Robinson entrance, JFK Airport, and J train and A train stations.
A 0.0639-acre lot includes a private driveway accommodating 3+ cars, along with a backyard suitable for outdoor use and gardening. The property is zoned R4 and includes upgraded electrical systems, gas heating, and a gas hot water tank serving both units. Its Cypress Hills location is near the Jackie Robinson entrance, JFK Airport, and J train and A train stations.
Key Highlights
- Two‑unit duplex totaling 2,063 square feet
- Upper apartment has 2 bedrooms, 1 bathroom, and a private front porch
- Lower apartment includes 3 bedrooms, 1.5 bathrooms, and open living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,445,000
$1.4M
Cap Rate 7%
$1,032,143
$1.0M
Cap Rate 9%
$802,778
$802.8K
Market Conditions
NOI Build-Up for 2,063 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.2K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$103.2K $50.03/SF
− OpEx
−$31.0K −$15.01/SF
NOI
$72.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,445,000
Cap Rate 7%
$1,032,143
Cap Rate 9%
$802,778
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$903.1K – $1.20M
NOI $72,250 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$899.7K
$787.3K – $1.05M
NOI $62,981 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,571 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate layouts, outdoor space, and upgraded mechanical systems.
Where is this duplex located?
The property is located at 153 Hendrix Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,063 square feet; Upper apartment has 2 bedrooms, 1 bathroom, and a private front porch; Lower apartment includes 3 bedrooms, 1.5 bathrooms, and open living and dining areas
