187 Bond Street, Brooklyn, NY 11217
Seven-unit multifamily with a mix of rent-stabilized and free-market apartments for residential income investing.
- Added:
- Jun 5, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 17 at 1:49 am
Property Features for 187 Bond Street
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Derek Bestreich License #10991237362
Listing office IPRG Investment Property Realty Group
Listing date Jun 5, 2026
Source Crexi
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 IPRG Investment Property Realty Group
HighLights
- Seven‑unit apartment building at 187 Bond Street in Brooklyn’s Gowanus section
- Total approximately 5,200 SF; building footprint built 21 ft by 63 ft
- Unit mix includes five rent‑stabilized apartments plus two free‑market apartments
- Provides a mix of regulated and market‑rate income with in‑place cash flow
Overview
The building is located in the Gowanus section of Brooklyn. The surrounding area has seen ongoing residential, commercial, and infrastructure improvements, reflecting continued neighborhood change.
For investors and operators seeking a small multifamily with regulated and market-rate units in one structure, this configuration provides straightforward in-place tenancy through five rent-stabilized homes alongside two free-market apartments. The property’s size and unit mix may appeal to buyers looking to manage a compact building while maintaining exposure to both apartment types.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.5k | $56.64 |
| − Vacancy | −$5.9k | −$1.13 |
| EGI | $288.6k | $55.51 |
| − OpEx | −$129.9k | −$24.98 |
| NOI | $158.8k | $30.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.987039
- Latitude
- 40.683267
