Four-Family Property with Zoned
185 Bergen Street, Brooklyn, NY 11217
For Sale
$3,250,000
Pending
High ceilings, natural light, and updated mechanical components distinguish this occupied Brooklyn residence.
Property Size3,104 SF
Days on Market21
Property Features for 185 Bergen Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full
Hardwood
No
Yes
Other
Public
3104
Building Details
Building Size
Year Built
Listing Agency:
SkyLimit Realty Group
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 9 at 8:54AM
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 SkyLimit Realty Group
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Investment Insights
Based on property information with market context.
This legal four-family property in Boerum Hill contains approximately 3,104 square feet, with four bedrooms and four bathrooms. Interior features include high ceilings and natural light, while building systems include four-zone heating, a recently updated hot water tank, and a boiler less than two years old. The roof is less than 10 years old. Built in 1910, the property is being sold as-is and is currently occupied by one tenant; the existing occupancy will remain at transfer.
Transit options include a bus stop a few steps away, a Citi Bike station around the corner, and a subway station one block away. The property also has proximity to the Brooklyn and Manhattan Bridges, Downtown Brooklyn, shops, restaurants, and supermarkets. Access to the property is drive-by only.
Transit options include a bus stop a few steps away, a Citi Bike station around the corner, and a subway station one block away. The property also has proximity to the Brooklyn and Manhattan Bridges, Downtown Brooklyn, shops, restaurants, and supermarkets. Access to the property is drive-by only.
Key Highlights
- Legal four‑family property with approximately 3,104 square feet
- Four bedrooms and four bathrooms
- Four‑zone heating; boiler is under two years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,707
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,140
$2.2M
Cap Rate 7%
$1,552,957
$1.6M
Cap Rate 9%
$1,207,856
$1.2M
Market Conditions
NOI Build-Up for 3,104 SF
Gross rent
$158.3K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.3K $50.03/SF
− OpEx
−$46.6K −$15.01/SF
NOI
$108.7K $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%
$2,174,140
Cap Rate 7%
$1,552,957
Cap Rate 9%
$1,207,856
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,707 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,762 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,908 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
13,111
Businesses Nearby
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Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - High ceilings, natural light, and updated mechanical components distinguish this occupied Brooklyn residence.
Where is this quadplex located?
The property is located at 185 Bergen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Legal four‑family property with approximately 3,104 square feet; Four bedrooms and four bathrooms; Four‑zone heating; boiler is under two years old
