6-Unit Apartment Building with
For Sale
$1,890,000
858 Hart Street, Brooklyn, NY 11237
Well-maintained six-family property with three recently renovated units and strong transit access for tenant stability.
Property Size5,250 SF
Days on Market160
Property Features for 858 Hart Street
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$11,360
Building Details
Building Size
5,250 SF
Year Built
1931
Tenancy
Multi
Listing Agency:
Tiger Realty
Listed By:
Chao Min (May) Xu
(917) 708-9966
Source:
Serhant
Added: May 21
Changed: Oct 26
Last Checked: Oct 26 at 11:51PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This well-maintained six-family apartment building offers a mix of unit conditions, including three recently renovated apartments. Updates include refreshed kitchens and bathrooms, along with new flooring and finishes, helping modernize day-to-day living and improve unit presentation.
The property is located at 858 Hart St in Brooklyn, in the Bushwick area. It provides convenient access to the DeKalb L train and the Knickerbocker M train, supported by a walkScore of 82, bikeScore of 70, and transitScore of 84. The building is also described as close to shopping, restaurants, parks, and other local amenities.
As a for-sale multifamily asset, it can appeal to buyers and investors looking for a residential income property with partial renovation already completed. With three units upgraded and the remaining units in-place within the same building, it offers a practical ownership structure for an operator or investor planning to manage a six-family portfolio in a transit-connected Brooklyn neighborhood.
The property is located at 858 Hart St in Brooklyn, in the Bushwick area. It provides convenient access to the DeKalb L train and the Knickerbocker M train, supported by a walkScore of 82, bikeScore of 70, and transitScore of 84. The building is also described as close to shopping, restaurants, parks, and other local amenities.
As a for-sale multifamily asset, it can appeal to buyers and investors looking for a residential income property with partial renovation already completed. With three units upgraded and the remaining units in-place within the same building, it offers a practical ownership structure for an operator or investor planning to manage a six-family portfolio in a transit-connected Brooklyn neighborhood.
Key Highlights
- 6‑family residential building built in 1931 at 858 Hart St, Brooklyn, NY 11237
- 3 recently renovated apartments with updated kitchens and bathrooms, plus new flooring and finishes
- Well‑maintained 6‑family property with rental income potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,277
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,205,540
$3.2M
Cap Rate 7%
$2,289,671
$2.3M
Cap Rate 9%
$1,780,856
$1.8M
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$297.4K $56.64/SF
− Vacancy
−$5.9K −$1.13/SF
EGI
$291.4K $55.51/SF
− OpEx
−$131.1K −$24.98/SF
NOI
$160.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,205,540
Cap Rate 7%
$2,289,671
Cap Rate 9%
$1,780,856
Alternative Uses
Best Use
Apartment 5plus
$2.29M
$2.00M – $2.67M
NOI $160,277 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.35M
$3.80M – $5.07M
NOI $304,290 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,949
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained six-family property with three recently renovated units and strong transit access for tenant stability.
Where is this apartment building located?
The property is located at 858 Hart Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 6‑family residential building built in 1931 at 858 Hart St, Brooklyn, NY 11237; 3 recently renovated apartments with updated kitchens and bathrooms, plus new flooring and finishes; Well‑maintained 6‑family property with rental income potential
