198 Hull St, Brooklyn, NY 11233
Built in 1908, this six-unit property offers spacious 2-bedroom layouts with built-in home office space.
- Added:
- Jun 3, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 5:42 am
Property Features for 198 Hull St
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agent Moin Siddiqui License #10401259946 (917) 900-7394
Listing office Douglas Elliman Real Estate (917) 900-7394
Listing date Jun 3, 2026
Source Elliman
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 Douglas Elliman Real Estate
HighLights
- Six‑family brick multifamily at 198 Hull Street, built in 1908 (Year built listed as 1910).
- Approximately 5,400 SF on a 25’ x 100’ lot.
- Six units total: each is a 2‑bedroom, 1‑bath layout with additional home office space.
- Building includes electric service plus roof and gas boiler systems, and has an onsite superintendent.
- Convenient transit access with A, C, J, Z, and L subway lines nearby.
- Flexible R6 zoning (tax class 2A listed), subject to applicable laws and approvals.
Overview
Located in the Bed-Stuy/Ocean Hill section of Brooklyn, the property benefits from convenient subway access to the A, C, J, Z, and L lines for connectivity throughout Brooklyn and Manhattan. The listing is also noted as Tax Class 2A, which may help limit future property tax increases subject to applicable laws and regulations. Flexible R6 zoning may allow future development or community facility potential, subject to verification and approvals by relevant governmental authorities.
This building can be a practical fit for investors or operators looking for a small, manageable multifamily asset in Brooklyn with unit layouts designed for both living and work-from-home needs. The presence of an onsite superintendent supports day-to-day building oversight, while the established six-unit structure offers an immediate rental platform under a consistent residential configuration.
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 | $305.9k | $56.64 |
| − Vacancy | −$6.1k | −$1.13 |
| EGI | $299.7k | $55.51 |
| − OpEx | −$134.9k | −$24.98 |
| NOI | $164.9k | $30.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.907621
- Latitude
- 40.679662
