Pre-War 10-Unit Apartment
279 HENRY St Brooklyn, NY 11201
For Sale
$5,000,000
Pre-war 5-story building with 10 units, including one vacant unit, and a mix of one- and two-bedroom layouts.
Property Size6,594 SF
Price / SF$758.27
Days on Market55
Property Features for 279 HENRY St
General Information
- Standard status
- Active
- Size
- 6,594 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing Agency:
(212) 909-7993
Listed By:
Stephen Gallagher · License #10401350236
(212) 909-7993
Source:
Elliman
Added: Jun 3
Changed: Jul 20
Last Checked: Jul 26 at 11:01AM
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 Stephen Gallagher
Investment Insights
Based on property information with market context.
This pre-war, 5-story, 10-unit apartment building totals approximately 6,594 square feet. The property includes eight one-bedroom units and two two-bedroom units, with nine units reported as free market and one rent stabilized. One unit is currently vacant and ready for immediate use or renovation.
The asset is located on a highly sought-after block in Brooklyn Heights. WalkScore and transitScore indicate strong pedestrian and transit accessibility.
As configured, the building offers a straightforward mix of one- and two-bedroom apartments within a small multifamily footprint, with vacancy providing flexibility for either immediate occupancy or planned improvements.
The asset is located on a highly sought-after block in Brooklyn Heights. WalkScore and transitScore indicate strong pedestrian and transit accessibility.
As configured, the building offers a straightforward mix of one- and two-bedroom apartments within a small multifamily footprint, with vacancy providing flexibility for either immediate occupancy or planned improvements.
Key Highlights
- Pre‑war 5‑story, 10‑unit building with approx. 6,594 SF
- Unit mix: 8 one‑bedroom units and 2 two‑bedroom units
- Includes 1 vacant unit, ready for immediate use or renovation
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 | $373.5k | $56.64 |
| − Vacancy | −$7.5k | −$1.13 |
| EGI | $366.0k | $55.51 |
| − OpEx | −$164.7k | −$24.98 |
| NOI | $201.3k | $30.53 |
6,594 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.88M
$2.52M – $3.36M
NOI $201,308 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.46M
$4.78M – $6.37M
NOI $382,188 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Pre-war 5-story building with 10 units, including one vacant unit, and a mix of one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 279 HENRY St Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Pre‑war 5‑story, 10‑unit building with approx. 6,594 SF; Unit mix: 8 one‑bedroom units and 2 two‑bedroom units; Includes 1 vacant unit, ready for immediate use or renovation
