Four-Story Walk-Up Apartment
452 Harman Street Brooklyn, NY 11237
For Sale
Contact for pricing
Four-story walk-up with 6 residential units in an R6 zoning district, built in 1901.
Property Size4,762 SF
Price / SF$682.49
Days on Market71
Property Features for 452 Harman Street
General Information
Standard status
Active
Size
4,762 SF
Property subtype
Multifamily
Building Details
Year Built
1901
Listing Agency:
Alpha Realty NY
Listed By:
Lev Mavashev · License #NY 10351208812
Source:
Crexi
Added: May 19
Changed: Jul 20
Last Checked: Jul 27 at 4:01PM
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 Alpha Realty NY
Investment Insights
Based on property information with market context.
452 Harman Street is a four-story walk-up apartment building with 6 residential units. The property was built in 1901 and sits on a 20 ft x 56.25 ft building footprint, totaling 4,762 SF. Its classic architecture and multi-unit configuration support a straightforward income-oriented residential use.
The property is located in Bushwick, Brooklyn, within an R6 zoning district. The offering is positioned on a prime block and lot, with the noted zoning also supporting long-term flexibility for future residential projects subject to applicable requirements.
The building is arranged as a 4-story walk-up designed to house six apartments, offering an efficient structure for a small multifamily investor or owner-operator evaluating residential income properties in Brooklyn.
The property is located in Bushwick, Brooklyn, within an R6 zoning district. The offering is positioned on a prime block and lot, with the noted zoning also supporting long-term flexibility for future residential projects subject to applicable requirements.
The building is arranged as a 4-story walk-up designed to house six apartments, offering an efficient structure for a small multifamily investor or owner-operator evaluating residential income properties in Brooklyn.
Key Highlights
- Built in 1901, this 4‑story walk‑up features 6 residential apartment units
- Building size is 4,762 SF (20 ft x 56.25 ft) across a prime Bushwick block and lot (03291‑0019)
- Located in an R6 zoning district, offering versatility for future residential development
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 | $269.7k | $56.64 |
| − Vacancy | −$5.4k | −$1.13 |
| EGI | $264.3k | $55.51 |
| − OpEx | −$118.9k | −$24.98 |
| NOI | $145.4k | $30.53 |
4,762 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.42M
NOI $145,379 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.94M
$3.45M – $4.60M
NOI $276,006 @ 7.0% cap · market cap 8.49%
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 - Four-story walk-up with 6 residential units in an R6 zoning district, built in 1901.
Where is this apartment building located?
The property is located at 452 Harman Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Built in 1901, this 4‑story walk‑up features 6 residential apartment units; Building size is 4,762 SF (20 ft x 56.25 ft) across a prime Bushwick block and lot (03291‑0019); Located in an R6 zoning district, offering versatility for future residential development
