Sheepshead Bay Four-Family
For Sale
Contact for pricing
2127 Haring St, Brooklyn, NY 11229
Well-maintained, newer construction multifamily in established Brooklyn neighborhood.
Property Size4,050 SF
Lot Size0.07 Acres
Price / SF$469.14
Days on Market169
Property Features for 2127 Haring St
General Information
Standard status
Active
Size
4,050 SF
Lot size
0.07 Acres
Property subtype
Mixed Use
Building Details
Year Built
2006
Listing Agency:
Hope Realty Group
(917) 250-5956
Listed By:
Kenneth Pierre-louis · License #NY
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Hope Realty Group
Investment Insights
Based on property information with market context.
This well-maintained four-family walk-up is located in Sheepshead Bay. Constructed in 2006, this multifamily property offers approximately 4,050 square feet across four residential units. The building features a functional layout and solid construction. Situated on a 32' x 100' lot with R4 zoning, the property is non-owner occupied. The property is located in Flood Zone X. This semi-attached structure has curb appeal on a quiet residential block. It is conveniently located near shopping, dining, transportation, and neighborhood amenities. The property is in close proximity to the Kings Highway corridor, schools, and major thoroughfares. This property is suited for both end users and investors.
Key Highlights
- Newer construction built in 2006, a rare find in Brooklyn.
- Income‑generating potential with four residential units, ideal for investors.
- Prime Sheepshead Bay location, close to shopping, dining, and transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,836,760
$2.8M
Cap Rate 7%
$2,026,257
$2.0M
Cap Rate 9%
$1,575,978
$1.6M
Market Conditions
NOI Build-Up for 4,050 SF
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.
Gross rent
$206.6K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$202.6K $50.03/SF
− OpEx
−$60.8K −$15.01/SF
NOI
$141.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,836,760
Cap Rate 7%
$2,026,257
Cap Rate 9%
$1,575,978
Alternative Uses
Best Use
Multifamily LT 5
$2.03M
$1.77M – $2.36M
NOI $141,838 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$1.77M
$1.55M – $2.06M
NOI $123,642 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,738 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained, newer construction multifamily in established Brooklyn neighborhood.
Where is this quadplex located?
The property is located at 2127 Haring St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Newer construction built in 2006, a rare find in Brooklyn.; Income‑generating potential with four residential units, ideal for investors.; Prime Sheepshead Bay location, close to shopping, dining, and transportation.
