Six-Unit Brownstone Income
35 Herkimer Street Brooklyn, NY 11216
For Sale
$2,300,000
Six-unit brownstone with two 1.5-bedroom and four studio units, currently occupied with at least two vacancies.
Property Size3,600 SF
Price / SF$638.89
Days on Market173
Property Features for 35 Herkimer Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Building Details
Year Built
1905
Listing Agency:
MYNY Residential
(631) 645-1530
Listed By:
Paul J. St Clair
(631) 645-1530
Source:
Cohenandcohenrealty
Added: Feb 4
Changed: Jul 22
Last Checked: Jul 26 at 4:50PM
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 MYNY Residential
Investment Insights
Based on property information with market context.
This brownstone offers a six-unit residential income setup, composed of two 1.5-bedroom apartments and four studio units. The property’s configuration is designed to provide a straightforward mix of unit types within a compact footprint.
Located in Brooklyn’s Bedford Stuyvesant area, the building is positioned near the Fulton Street corridor and within an area described as having convenient transportation options for commuting and everyday travel.
The building is currently occupied, with the ability to be delivered with at least two vacancies, giving an incoming owner flexibility in how they approach leasing and unit turnover.
Located in Brooklyn’s Bedford Stuyvesant area, the building is positioned near the Fulton Street corridor and within an area described as having convenient transportation options for commuting and everyday travel.
The building is currently occupied, with the ability to be delivered with at least two vacancies, giving an incoming owner flexibility in how they approach leasing and unit turnover.
Key Highlights
- 6‑unit brownstone built in 1905 with 2 x 1.5‑bedroom units and 4 studio units
- 20 ft by 42 ft dimensions with approximately 3,600 SF total square footage
- Currently occupied, with at least two vacancies available for potential delivery
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 | $203.9k | $56.64 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $199.8k | $55.51 |
| − OpEx | −$89.9k | −$24.98 |
| NOI | $109.9k | $30.53 |
3,600 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit brownstone with two 1.5-bedroom and four studio units, currently occupied with at least two vacancies.
Where is this apartment building located?
The property is located at 35 Herkimer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6‑unit brownstone built in 1905 with 2 x 1.5‑bedroom units and 4 studio units; 20 ft by 42 ft dimensions with approximately 3,600 SF total square footage; Currently occupied, with at least two vacancies available for potential delivery
