Brooklyn Two-Family Home with
For Sale
$899,000
153 Hendrix Street, Brooklyn, NY 11207
Two-family home in Brooklyn with parking and outdoor space.
Property Size2,063 SF
Price / SF$435.77
Days on Market620
Property Features for 153 Hendrix Street
General Information
Standard status
Active
Size
2,063 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,207
Building Details
Year Built
1993
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Hugo Salazar · License #31SA1010105
(718) 532-2000
Source:
Exitrealty
Added: Jan 10, 2025
Changed: Sep 1
Last Checked: Sep 15 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
Located in Cypress Hills, on the border between Brooklyn and Queens, this two-family home features a combination brick front, masonry block, and siding. A private driveway accommodates more than three cars. The top floor apartment includes two bedrooms, one bathroom, and a private front porch. The ground floor apartment features an open layout with a living and dining room, three bedrooms, and one and a half bathrooms. The property includes a spacious backyard suitable for outdoor activities and gardening. Upgraded electric systems, efficient gas heating, and a modern gas hot water tank serve both units. The property is located close to the Jackie Robinson entrance, a short drive from JFK airport, and near the J and A train stations. The bike score is 77, indicating it is very bikeable, the walk score is 71, indicating it is very walkable, and the transit score is 100, indicating it is a rider's paradise.
Key Highlights
- Excellent Transit Score: Rated 100, designated a 'Rider's Paradise'.
- Two Separate Apartments: Features a 2‑family home with a top‑floor 2‑bedroom unit and a ground‑floor 3‑bedroom unit.
- Private Driveway: Accommodates 3+ cars.
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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Open Analytics
Current Use
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-family home in Brooklyn with parking and outdoor space.
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: Excellent Transit Score: Rated 100, designated a 'Rider's Paradise'.; Two Separate Apartments: Features a 2‑family home with a top‑floor 2‑bedroom unit and a ground‑floor 3‑bedroom unit.; Private Driveway: Accommodates 3+ cars.
