Renovated Three-Unit
1934 Bergen Street, Brooklyn, NY 11233
For Sale
New
$1,895,000
Three residences offer private outdoor areas, in-unit laundry, dishwashers, and central heating and cooling.
Property Size2,892 SF
Price / SF$655.26
Days on Market5
Property Features for 1934 Bergen Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
Sothebys International Realty
Listed By:
Natalia Correa
(646) 770-5583
Source:
Howardhannanyc
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 2:00PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This 2,892-square-foot townhouse contains three residences and was renovated in 2022. The first unit is a two-bedroom, two-bath duplex with basement space and a private backyard. The other two residences each have two bedrooms; one includes a home office and private outdoor space, while the other has a home office. All three units include a washer and dryer, dishwasher, and central heating and cooling. Interior details include exposed brick, coffered ceilings, electric fireplaces, and surround sound.
Built in 1901, the property has separately metered electricity for each residence, with tenants responsible for their own utility costs.
Built in 1901, the property has separately metered electricity for each residence, with tenants responsible for their own utility costs.
Key Highlights
- Three residences across 2,892 square feet; renovated in 2022
- Two‑bedroom, two‑bath duplex with basement area and private backyard
- Two additional two‑bedroom residences, each with a home office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,283
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,025,660
$2.0M
Cap Rate 7%
$1,446,900
$1.4M
Cap Rate 9%
$1,125,367
$1.1M
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$147.5K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$144.7K $50.03/SF
− OpEx
−$43.4K −$15.01/SF
NOI
$101.3K $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%
$2,025,660
Cap Rate 7%
$1,446,900
Cap Rate 9%
$1,125,367
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,283 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,290 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$2.39M
$2.10M – $2.79M
NOI $167,620 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,641
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
$1,013,000
Median Home Value
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Market
Average Price Trend$/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 - Three residences offer private outdoor areas, in-unit laundry, dishwashers, and central heating and cooling.
Where is this triplex located?
The property is located at 1934 Bergen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Three residences across 2,892 square feet; renovated in 2022; Two‑bedroom, two‑bath duplex with basement area and private backyard; Two additional two‑bedroom residences, each with a home office
