Building Details

Building Size 3,100 SF

Year Built 1910

Buildings 1

Construction brick

Listing Agency: Revived Residential

Listed By: Hiram T Borrero Show Phone

Source: Howardhannanyc

Added: Oct 13 Changed: Oct 17 Last Checked: Oct 16 at 6:17PM

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Investment Insights

Based on property information with market context.

This brick residence contains two apartments, one on each floor, with each layout running from the front of the building to the back. Both include distinct living and dining rooms, a kitchen, and a bathroom. Interior finishes pair updated elements with preserved period details, including substantial moldings and vintage bathroom tile. The upper apartment has wood kitchen cabinetry and stone countertops; the lower retains metal cabinets and a double-drainboard sink. A paved outdoor area and basement storage and utility space round out the property.

Highland Park offers playgrounds, tennis courts, and open green space, while paths encircle Ridgewood Reservoir. Norwood Avenue’s J/Z station is nearby, with subway service to Manhattan. The lower apartment may be considered for combination, subject to applicable requirements.

Key Highlights

• Two full‑floor apartments, each with separate living and dining rooms, kitchen, and bathroom
• Paved backyard and basement storage and utility area
• Upper kitchen has wood cabinets and stone countertops; lower kitchen retains metal cabinets and a double‑drainboard sink

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,857

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,417,140 $1.4M

Cap Rate 7%

$1,012,243 $1.0M

Cap Rate 9%

$787,300 $787.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$133.9K $43.20/SF

− Vacancy

−$5.1K −$1.64/SF

EGI

$128.8K $41.56/SF

− OpEx

−$58.0K −$18.70/SF

NOI

$70.9K $22.86/SF

Area

ZIP 11208

Vacancy

3.80%

Lease Rate

$43.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,417,140

Cap Rate 7%

$1,012,243

Cap Rate 9%

$787,300

Alternative Uses

Best Use

Multifamily LT 5

$1.14M

$994.7K – $1.33M (±1% cap)

NOI $79,578 @ 7.0% cap · market cap 9.61%

Second Best

Apartment 5plus

$1.01M

$885.7K – $1.18M (±1% cap)

NOI $70,857 @ 7.0% cap · market cap 8.56%

Theoretical Best

Office A

$1.90M

$1.66M – $2.21M (±1% cap)

NOI $132,777 @ 7.0% cap · market cap 16.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,151

Businesses Nearby

Explore this area Business Placement

Demographics for 11208, NY

101,958

Population

37,261

Households

2.7

Avg Household Size

35

Median Age

16%

College-Educated

82%

High-School Grad

2.7 sq mi

ZIP Area

37,762

Density / Sq Mi

$59,988

Median Household Income

$40,156

Median Earnings

$1,563

Median Rent

$638,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two full-floor apartments each have separate living and dining areas, a kitchen, and a bathroom.

Where is this duplex located?

The property is located at 125 SHEPHERD Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $828,000.

What are key features of this property?

This property features: Two full‑floor apartments, each with separate living and dining rooms, kitchen, and bathroom; Paved backyard and basement storage and utility area; Upper kitchen has wood cabinets and stone countertops; lower kitchen retains metal cabinets and a double‑drainboard sink