Vacant 3-Family
1366 Herkimer Street, Brooklyn, NY 11233
For Sale
Contact for pricing
The three-story property offers 2,633 square feet near A and C subway service.
Property Size2,633 SF
Price / SF$455.75
Days on Market14
Property Features for 1366 Herkimer Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Buildings
Stories
Listing Agency:
TerraCRG
Listed By:
Mike Hernandez · License NY #10401225974
(718) 329-2800
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 6:22PM
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 TerraCRG
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1366 Herkimer Street, this three-story Brooklyn property contains 2,633 square feet configured as a three-family building. It is vacant and requires renovation.
The property sits between Monaco Place and Eastern Parkway, in the Bedford-Stuyvesant/Ocean Hill area. Rockaway Avenue station serves the A express and C local trains.
The property sits between Monaco Place and Eastern Parkway, in the Bedford-Stuyvesant/Ocean Hill area. Rockaway Avenue station serves the A express and C local trains.
Key Highlights
- Three‑family building delivered vacant
- 2,633 square feet across three stories
- Renovation required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,212
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,844,240
$1.8M
Cap Rate 7%
$1,317,314
$1.3M
Cap Rate 9%
$1,024,578
$1.0M
Market Conditions
NOI Build-Up for 2,633 SF
Gross rent
$134.3K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$131.7K $50.03/SF
− OpEx
−$39.5K −$15.01/SF
NOI
$92.2K $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 Rate 5%
$1,844,240
Cap Rate 7%
$1,317,314
Cap Rate 9%
$1,024,578
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,212 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,383 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,609 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,661
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
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-story property offers 2,633 square feet near A and C subway service.
Where is this triplex located?
The property is located at 1366 Herkimer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑family building delivered vacant; 2,633 square feet across three stories; Renovation required
