Single-Family Home with Private
For Sale
$1,188,000
1628 Hendrickson Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size2,270 SF
Lot Size0.09 Acres
Price / SF$523.35
Days on Market247
Property Features for 1628 Hendrickson Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Parking features
Garage - Detached
Patio and Porch features
Deck, Porch
Interior features
A/C Unit - Window, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Pool, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Marine Park
Standard status
Active
Size
2,270 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8955
Building Details
Year built
1920
Floors in Building
2
Flooring type
Ceramic, Hardwood, Tile
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Michael J. Trotta
(718) 763-4110
Added: Jan 6
Changed: Sep 5
Last Checked: Sep 10 at 11:06AM
MLS# 498186
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 one-family home is set on a 40 x 100 lot and includes a private driveway and 2-car garage. The layout starts with a private front porch leading into a large living room with a fireplace. The first floor features a bedroom, a large kitchen with ample counter space and cabinets, a dining room suitable for entertaining, and access to a large back deck. A den on the first floor can also serve as an additional bedroom.
The second floor provides three bedrooms and a full bathroom. The basement offers an open floor plan with a laundry room, storage room, and an additional half bathroom.
Set within an R3-2 zoning district, this property is offered for sale in Brooklyn, NY 11234.
The second floor provides three bedrooms and a full bathroom. The basement offers an open floor plan with a laundry room, storage room, and an additional half bathroom.
Set within an R3-2 zoning district, this property is offered for sale in Brooklyn, NY 11234.
Key Highlights
- 40 x 100 lot with private driveway and a detached 2‑car garage
- Large living room with fireplace, plus a first‑floor bedroom and additional den
- Large kitchen with walk‑in pantry, dining room, and access to a large back deck
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
$69,301
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
5.83%
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%
$1,386,020
$1.4M
Cap Rate 7%
$990,014
$990.0K
Cap Rate 9%
$770,011
$770.0K
Market Conditions
NOI Build-Up for 2,270 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
$128.6K $56.64/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$126.0K $55.51/SF
− OpEx
−$56.7K −$24.98/SF
NOI
$69.3K $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 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%
$1,386,020
Cap Rate 7%
$990,014
Cap Rate 9%
$770,011
Alternative Uses
Best Use
Apartment 5plus
$990.0K
$866.3K – $1.16M
NOI $69,301 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,569 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - One-family residence on a 40 x 100 lot with a private driveway and 2-car garage.
Where is this single family property located?
The property is located at 1628 Hendrickson Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: 40 x 100 lot with private driveway and a detached 2‑car garage; Large living room with fireplace, plus a first‑floor bedroom and additional den; Large kitchen with walk‑in pantry, dining room, and access to a large back deck
