Six-Unit Multifamily
542 Bergen St Brooklyn, NY 11217
For Sale
$2,300,000
Six separately metered three-bedroom, one-bath apartments in a maintained six-unit building with a full basement.
Property Size5,652 SF
Price / SF$406.94
Days on Market123
Property Features for 542 Bergen St
General Information
- Standard status
- Active
- Size
- 5,652 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing Agency:
Stonegate RE LLC
(516) 740-2777
Listed By:
Anthony M. Ponte
Source:
Elliman
Added: Mar 27
Changed: Jul 21
Last Checked: Jul 26 at 8:34AM
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 Stonegate RE LLC
Investment Insights
Based on property information with market context.
542 Bergen Street is a six-unit multifamily property configured with six three-bedroom, one-bath apartments. The building includes separate gas and electric metering for each unit. On the interior, there is a full basement with utilities, and the property is described as meticulously maintained.
Recent improvements include a newly replaced roof in 2023, along with a reliable boiler and hot water heater. The property also features a security camera system with eight cameras, and a spacious shared yard at the rear.
Set up for straightforward income generation, the building’s six residential units are supported by on-site utility infrastructure, with the separately metered arrangement intended to benefit both ownership and residents.
Recent improvements include a newly replaced roof in 2023, along with a reliable boiler and hot water heater. The property also features a security camera system with eight cameras, and a spacious shared yard at the rear.
Set up for straightforward income generation, the building’s six residential units are supported by on-site utility infrastructure, with the separately metered arrangement intended to benefit both ownership and residents.
Key Highlights
- 6‑unit multifamily building (built 1931) with six separate 3BR/1BA apartments
- 5,652 SF building on a 25' x 131' lot
- Separately metered gas and electric for each unit
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 | $320.1k | $56.64 |
| − Vacancy | −$6.4k | −$1.13 |
| EGI | $313.7k | $55.51 |
| − OpEx | −$141.2k | −$24.98 |
| NOI | $172.5k | $30.53 |
5,652 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.16M – $2.88M
NOI $172,550 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.68M
$4.09M – $5.46M
NOI $327,590 @ 7.0% cap · market cap 14.24%
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 - Six separately metered three-bedroom, one-bath apartments in a maintained six-unit building with a full basement.
Where is this apartment building located?
The property is located at 542 Bergen St 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 multifamily building (built 1931) with six separate 3BR/1BA apartments; 5,652 SF building on a 25' x 131' lot; Separately metered gas and electric for each unit
