Brick Two-Family Income
217 Hemlock Street Brooklyn, NY 11208
217 Hemlock Street, Brooklyn, NY, 11208
$999,999
For Sale
$999,999
Brick two-family home with 9 bedrooms and 3 full bathrooms, plus a finished basement with separate entrance.
Property Size3,120 SF
Price / SF$320.51
Days on Market47
Property Features for 217 Hemlock Street
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1910
Listing agency
Graceful Realty LLC
(718) 353-0068
Listed by
Latoya I. White
(718) 353-0068
Source
Compass
Added: Jun 7 Updated: Jul 21 at 5:57AM Checked: Jul 22 at 7:19AM
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 Graceful Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained brick two-family home offers a total of 9 bedrooms, 3 kitchens, and 3 full bathrooms, with a versatile layout designed for both owner-occupancy and rental use. The finished basement includes a separate entrance, adding flexibility to the overall configuration. The home also features multiple windows for natural light, hardwood floors throughout, and tiled kitchens and bathrooms. Reported major systems are in good condition, including the boiler and hot water heater, with the roof and windows stated as being in good condition.
The property includes private front entrance and rear access to a spacious backyard, supporting both everyday living and practical outdoor use. It is described as being conveniently located for access to transportation, shopping, schools, parks, and major roadways.
Internally, the first floor provides 3 bedrooms, a full bathroom, large living and dining areas, and an eat-in kitchen. The second floor offers 4 bedrooms, a full bathroom, a living room, and an eat-in kitchen, also with hardwood floors and tiled kitchen and bathroom finishes.
The property includes private front entrance and rear access to a spacious backyard, supporting both everyday living and practical outdoor use. It is described as being conveniently located for access to transportation, shopping, schools, parks, and major roadways.
Internally, the first floor provides 3 bedrooms, a full bathroom, large living and dining areas, and an eat-in kitchen. The second floor offers 4 bedrooms, a full bathroom, a living room, and an eat-in kitchen, also with hardwood floors and tiled kitchen and bathroom finishes.
Key Highlights
- Brick 2‑family home built in 1910 with 9 bedrooms, 3 full bathrooms, and 3 kitchens.
- Finished full walk‑out basement with separate entrance.
- First floor features 3 bedrooms, 1 full bathroom, eat‑in kitchen, large living/dining areas, and hardwood floors.
Local Financial Insights For Multifamily LT 5
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 | $119.8k | $38.40 |
| − Vacancy | −$5.4k | −$1.73 |
| EGI | $114.4k | $36.67 |
| − OpEx | −$34.3k | −$11.00 |
| NOI | $80.1k | $25.67 |
3,120 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,092 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.02M
$891.4K – $1.19M
NOI $71,314 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,634 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick two-family home with 9 bedrooms and 3 full bathrooms, plus a finished basement with separate entrance.
Where is this duplex located?
The property is located at 217 Hemlock Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Brick 2‑family home built in 1910 with 9 bedrooms, 3 full bathrooms, and 3 kitchens.; Finished full walk‑out basement with separate entrance.; First floor features 3 bedrooms, 1 full bathroom, eat‑in kitchen, large living/dining areas, and hardwood floors.
