3-Family Residential Income
For Sale
$1,800,000
Pending
556 Hart St, Brooklyn, NY 11221
Three-family building with a private driveway and backyard in Bedford-Stuyvesant.
Property Size3,100 SF
Days on Market174
Property Features for 556 Hart St
General Information
Standard status
Pending
Size
3,100 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,742
Amenities
private driveway
backyard
Building Details
Building Size
3,100 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
R New York
Listed By:
Satoshi Onodera
(917) 340-9709
Source:
Elliman
Added: May 9
Changed: Oct 25
Last Checked: Oct 28 at 10:01AM
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 R New York
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Investment Insights
Based on property information with market context.
This 3-family residential income building includes a private driveway and a backyard, providing outdoor space for residents. The property is configured as a three-unit multifamily asset and is offered for sale.
Set in Bedford-Stuyvesant, the building is described as very walkable and very bikeable, with excellent transit as well.
The offering is positioned as a well-located residential income property with private outdoor access elements for day-to-day living.
Set in Bedford-Stuyvesant, the building is described as very walkable and very bikeable, with excellent transit as well.
The offering is positioned as a well-located residential income property with private outdoor access elements for day-to-day living.
Key Highlights
- Three‑family building built in 2004
- Private driveway plus a backyard
- BikeScore 70 (very bikeable), WalkScore 82 (very walkable), TransitScore 84 (excellent transit)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,567
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,171,340
$2.2M
Cap Rate 7%
$1,550,957
$1.6M
Cap Rate 9%
$1,206,300
$1.2M
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$158.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.1K $50.03/SF
− OpEx
−$46.5K −$15.01/SF
NOI
$108.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,171,340
Cap Rate 7%
$1,550,957
Cap Rate 9%
$1,206,300
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,567 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,640 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $2.99M
NOI $179,676 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family building with a private driveway and backyard in Bedford-Stuyvesant.
Where is this triplex located?
The property is located at 556 Hart St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three‑family building built in 2004; Private driveway plus a backyard; BikeScore 70 (very bikeable), WalkScore 82 (very walkable), TransitScore 84 (excellent transit)
