Two-Family Townhouse with Private
For Sale
$1,250,000
1391 HERKIMER Street, Brooklyn, NY 11233
A three-story layout pairs an owner’s duplex with a separate rental apartment, plus outdoor space and off-street parking.
Property Size1,930 SF
Price / SF$647.67
Days on Market12
Property Features for 1391 HERKIMER Street
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12
Amenities
solar panel canopy
EV charging
deck
backyard
full unfinished cellar
Building Details
Building Size
1,930 SF
Year Built
1899
Buildings
1
Stories
3
Listing Agency:
Corcoran Group
Listed By:
Heather M McMaster · License #10301200032
(917) 803-4219
Source:
Howardhannanyc
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 25 at 12:24AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 1899 townhouse contains two residences across three stories. The upper owner’s duplex has three bedrooms, 2.5 baths, an open living and dining area, kitchen with center island, and a dedicated office area. A deck connects to the backyard, while hardwood floors and ductless heating and cooling serve the duplex. The first-floor apartment offers two bedrooms, a full bath, a living area, kitchen, and washer/dryer hookup. An unfinished cellar provides storage. A private driveway with a solar-panel canopy and EV charging is also on site.
Broadway Junction’s transportation connections are nearby, along with neighborhood restaurants, cafés, shops, and everyday services.
Broadway Junction’s transportation connections are nearby, along with neighborhood restaurants, cafés, shops, and everyday services.
Key Highlights
- Three‑story, two‑family townhouse built in 1899
- Owner’s duplex has 3 bedrooms and 2.5 baths
- Separate first‑floor apartment with 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,592
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,840
$1.4M
Cap Rate 7%
$965,600
$965.6K
Cap Rate 9%
$751,022
$751.0K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$98.4K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.6K $50.03/SF
− OpEx
−$29.0K −$15.01/SF
NOI
$67.6K $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%
$1,351,840
Cap Rate 7%
$965,600
Cap Rate 9%
$751,022
Alternative Uses
Best Use
Multifamily LT 5
$965.6K
$844.9K – $1.13M
NOI $67,592 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$841.7K
$736.5K – $982.0K
NOI $58,921 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,863 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,021
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-story layout pairs an owner’s duplex with a separate rental apartment, plus outdoor space and off-street parking.
Where is this duplex located?
The property is located at 1391 HERKIMER Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑story, two‑family townhouse built in 1899; Owner’s duplex has 3 bedrooms and 2.5 baths; Separate first‑floor apartment with 2 bedrooms and 1 full bath
