Four-Story Walk-Up Apartment
For Sale
$3,000,000
452 Harman St, Brooklyn, NY 11237
Four-story walk-up with 6 residential units in an R6 zoning district, built in 1901.
Property Size4,762 SF
Price / SF$629.99
Days on Market139
Property Features for 452 Harman St
General Information
Standard status
Active
Size
4,762 SF
Property subtype
Multi-Family
Zoning
R6
Additional Details
Multifamily Units
6
Building Details
Building Size
4,762 SF
Year Built
1901
Stories
4
Units
6
Tenancy
Multi
Listing Agency:
Alpha Realty
Listed By:
Lev Mavashev · License #10351208812
Source:
Commercialcafe
Added: May 20
Changed: Sep 23
Last Checked: Oct 5 at 3:47PM
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 Alpha Realty
Investment Insights
Based on property information with market context.
452 Harman Street is a four-story walk-up apartment building with 6 residential units. The property was built in 1901 and sits on a 20 ft x 56.25 ft building footprint, totaling 4,762 SF. Its classic architecture and multi-unit configuration support a straightforward income-oriented residential use.
The property is located in Bushwick, Brooklyn, within an R6 zoning district. The offering is positioned on a prime block and lot, with the noted zoning also supporting long-term flexibility for future residential projects subject to applicable requirements.
The building is arranged as a 4-story walk-up designed to house six apartments, offering an efficient structure for a small multifamily investor or owner-operator evaluating residential income properties in Brooklyn.
The property is located in Bushwick, Brooklyn, within an R6 zoning district. The offering is positioned on a prime block and lot, with the noted zoning also supporting long-term flexibility for future residential projects subject to applicable requirements.
The building is arranged as a 4-story walk-up designed to house six apartments, offering an efficient structure for a small multifamily investor or owner-operator evaluating residential income properties in Brooklyn.
Key Highlights
- Built in 1901, this 4‑story walk‑up features 6 residential apartment units
- Building size is 4,762 SF (20 ft x 56.25 ft) across a prime Bushwick block and lot (03291‑0019)
- Located in an R6 zoning district, offering versatility for future residential development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,379
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,907,580
$2.9M
Cap Rate 7%
$2,076,843
$2.1M
Cap Rate 9%
$1,615,322
$1.6M
Market Conditions
NOI Build-Up for 4,762 SF
Gross rent
$269.7K $56.64/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$264.3K $55.51/SF
− OpEx
−$118.9K −$24.98/SF
NOI
$145.4K $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 Rate 5%
$2,907,580
Cap Rate 7%
$2,076,843
Cap Rate 9%
$1,615,322
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.42M
NOI $145,379 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.94M
$3.45M – $4.60M
NOI $276,006 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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?
Apartment building - Four-story walk-up with 6 residential units in an R6 zoning district, built in 1901.
Where is this apartment building located?
The property is located at 452 Harman St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Built in 1901, this 4‑story walk‑up features 6 residential apartment units; Building size is 4,762 SF (20 ft x 56.25 ft) across a prime Bushwick block and lot (03291‑0019); Located in an R6 zoning district, offering versatility for future residential development
