Newly Renovated Two-Family
468 Herzl Street Brooklyn, NY 11212
For Sale
$1,149,000
Turn-key two-family home on a corner lot with two 3-bedroom units and a finished basement with interior and exterior access.
Property Size3,120 SF
Lot Size0.07 Acres
Price / SF$368.27
Days on Market36
Property Features for 468 Herzl Street
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 0.07 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1930
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(631) 261-2800
Source:
Compass
Added: Jun 22
Changed: Jul 22
Last Checked: Jul 26 at 1:40PM
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 Keystone Realty USA Corp
Investment Insights
Based on property information with market context.
Welcome to 468 Herzl Street, a newly renovated, turn-key two-family residence designed for flexible living and rental income. The property features two separate 3-bedroom, 2-bath units, each offering an open concept living and dining layout. Kitchens are equipped with granite countertops, floor-to-ceiling custom cabinetry, and a full suite of stainless steel appliances. Both units include well-proportioned bedrooms with ample closet space, along with fully tiled bathrooms.
A high-ceiling, full finished basement adds additional value and convenience, with both interior and exterior access. The home sits on a 30 x 100 corner lot on a tree-lined street, with a wide private driveway and substantial yard space for outdoor enjoyment.
Located in Brownsville/East New York, the property is described as having close proximity to major transportation and is a short distance to Newport Street, Rockaway Parkway, Brookdale University Medical Center, as well as schools, shopping centers, restaurants, cafes, and parks.
A high-ceiling, full finished basement adds additional value and convenience, with both interior and exterior access. The home sits on a 30 x 100 corner lot on a tree-lined street, with a wide private driveway and substantial yard space for outdoor enjoyment.
Located in Brownsville/East New York, the property is described as having close proximity to major transportation and is a short distance to Newport Street, Rockaway Parkway, Brookdale University Medical Center, as well as schools, shopping centers, restaurants, cafes, and parks.
Key Highlights
- Newly renovated, move‑in ready two‑family home at 468 Herzl Street
- Two 3‑bedroom, 2‑bath units plus a high‑ceiling finished full basement
- Finished basement has both interior and exterior access
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 | $176.7k | $56.64 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $173.2k | $55.51 |
| − OpEx | −$77.9k | −$24.98 |
| NOI | $95.3k | $30.53 |
3,120 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 8.29%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turn-key two-family home on a corner lot with two 3-bedroom units and a finished basement with interior and exterior access.
Where is this duplex located?
The property is located at 468 Herzl Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Newly renovated, move‑in ready two‑family home at 468 Herzl Street; Two 3‑bedroom, 2‑bath units plus a high‑ceiling finished full basement; Finished basement has both interior and exterior access
