Three-Story Two-Family Brick
For Sale
$895,000
1051 Herkimer Street, Brooklyn, NY 11233
MULTI_FAMILY - Brooklyn, NY
Property Size1,575 SF
Lot Size0.04 Acres
Price / SF$568.25
Days on Market107
Property Features for 1051 Herkimer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2
Basement
Unfinished, Full
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
1,575 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2107
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Laminate, Linoleum, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Bellmarc
(718) 768-4500
Listed By:
Gamal Hasan
(718) 768-4500
Added: Apr 22
Changed: Aug 3
Last Checked: Aug 6 at 3:06AM
MLS# 500766
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 three-story, two-family brick duplex at 1051 Herkimer Street sits on an approximately 15.33' x 100' lot with a building footprint of about 15.33' x 35'. Built in 1899, the property includes a lower garden duplex spanning two levels with five rooms, two bedrooms, one bathroom, an eat-in kitchen, and direct access to the rear garden. The upper unit is a separate four-room apartment with two bedrooms and one bathroom.
A full unfinished cellar provides storage and potential for future development, subject to approvals. The rear garden offers outdoor space. The property requires renovation and TLC throughout.
Zoned R6B, the home is located near shopping, everyday amenities, and public transportation, with easy access to the Ralph Avenue A/C subway lines and nearby bus routes for commuting throughout Brooklyn and into Manhattan.
A full unfinished cellar provides storage and potential for future development, subject to approvals. The rear garden offers outdoor space. The property requires renovation and TLC throughout.
Zoned R6B, the home is located near shopping, everyday amenities, and public transportation, with easy access to the Ralph Avenue A/C subway lines and nearby bus routes for commuting throughout Brooklyn and into Manhattan.
Key Highlights
- R6B zoning with a three‑story, two‑family brick townhouse built in 1899
- Lower garden duplex spans two levels: five rooms, two bedrooms, one bathroom, eat‑in kitchen
- Upper unit: four rooms with two bedrooms and one bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.3k | $51.00 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $78.8k | $50.03 |
| − OpEx | −$23.6k | −$15.01 |
| NOI | $55.2k | $35.02 |
1,575 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$788.0K
$689.5K – $919.3K
NOI $55,159 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$686.9K
$601.0K – $801.4K
NOI $48,083 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,287 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on an R6B-zoned lot with rear garden access and two separate units in a three-story brick townhouse.
Where is this duplex located?
The property is located at 1051 Herkimer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: R6B zoning with a three‑story, two‑family brick townhouse built in 1899; Lower garden duplex spans two levels: five rooms, two bedrooms, one bathroom, eat‑in kitchen; Upper unit: four rooms with two bedrooms and one bathroom
