Contemporary Residential Income
For Sale
$470,000
1325 HERKIMER Street 302, Brooklyn, NY 11233
One-bedroom condominium with designer finishes, central HVAC, and access to boutique building amenities.
Property Size531 SF
Price / SF$885.12
Days on Market59
Property Features for 1325 HERKIMER Street 302
General Information
Standard status
Active
Size
531 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,968
Amenities
Rooftop Terrace
Fitness Center
Bicycle Room
Parking
Community Lounge
In-unit washer/dryer hookups
Central HVAC
Storage options
Building Details
Building Size
531 SF
Year Built
2019
Listing Agency:
Douglas Elliman Real Estate
Listed By:
John B Lee
(917) 886-5140
Source:
Miradorrealestate
Added: Aug 12
Changed: Oct 8
Last Checked: Oct 7 at 5:19PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium offers 531 square feet with 9-foot ceilings, west-facing Pella windows, and wide-plank engineered hardwood flooring. The open kitchen includes white quartz counters, custom Nolte cabinetry, a tile backsplash, breakfast bar, and Samsung and Fisher & Paykel appliances. The bathroom features designer tile, a soaking tub, rain shower, and matte-black fixtures. Additional features include in-unit washer and dryer hookups, central HVAC, and a bedroom with a large reach-in closet.
The boutique condominium building provides a rooftop terrace, fitness center, bicycle room, community lounge, and pet-friendly policy. The property is located near the A/C, J/Z, and L subway lines, bus service, CitiBike stations, Rockaway Avenue retail and dining, and nearby parks including Highland Park and Forest Park. The residence is at 1325 HERKIMER Street 302 in Brooklyn, NY 11233.
The boutique condominium building provides a rooftop terrace, fitness center, bicycle room, community lounge, and pet-friendly policy. The property is located near the A/C, J/Z, and L subway lines, bus service, CitiBike stations, Rockaway Avenue retail and dining, and nearby parks including Highland Park and Forest Park. The residence is at 1325 HERKIMER Street 302 in Brooklyn, NY 11233.
Key Highlights
- 531 SF one‑bedroom, one‑bath condominium
- 9‑foot ceilings and west‑facing Pella windows
- Open kitchen with Nolte cabinetry, quartz counters, and Samsung and Fisher & Paykel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,211
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,220
$324.2K
Cap Rate 7%
$231,586
$231.6K
Cap Rate 9%
$180,122
$180.1K
Market Conditions
NOI Build-Up for 531 SF
Gross rent
$30.1K $56.64/SF
− Vacancy
−$602 −$1.13/SF
EGI
$29.5K $55.51/SF
− OpEx
−$13.3K −$24.98/SF
NOI
$16.2K $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%
$324,220
Cap Rate 7%
$231,586
Cap Rate 9%
$180,122
Alternative Uses
Best Use
Apartment 5plus
$231.6K
$202.6K – $270.2K
NOI $16,211 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$439.7K
$384.7K – $513.0K
NOI $30,777 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,271
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with designer finishes, central HVAC, and access to boutique building amenities.
Where is this residential income property located?
The property is located at 1325 HERKIMER Street 302 Brooklyn, NY.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 531 SF one‑bedroom, one‑bath condominium; 9‑foot ceilings and west‑facing Pella windows; Open kitchen with Nolte cabinetry, quartz counters, and Samsung and Fisher & Paykel appliances
