Brooklyn Multifamily Investment
858 Hart Street, Brooklyn, NY 11237
New
MULTI_FAMILY - Brooklyn, NY
Property size:
5,250 SFLot size:
0.06 AcresPrice / SF:
$360/SF- Added:
- May 21, 2026
- Days on Market:
- 2
- Last Refresh:
- May 22 at 10:06 am
Property Features for 858 Hart Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 6, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Unfinished
- Standard status
- Active
- Size
- 5,250 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11360
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood
- Building materials
- Block, Brick
- Roof type
- Flat
Listing agent Chao Min (May) Xu (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date May 21, 2026
MLS# 501654
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong rental income potential in a high‑demand area of Bushwick.
- Well‑maintained 6‑family building, offering a stable investment asset.
- Three recently renovated apartments featuring updated kitchens and bathrooms.
- Convenient access to the DeKalb L train and Knickerbocker M train.
- Located in the heart of Bushwick, close to shopping, restaurants, parks, and local amenities.
- Built in 1931, featuring block and brick construction with hardwood flooring.
Overview
This is an excellent investment opportunity located in the heart of Bushwick. The well-maintained 6-family residential building is located at 858 Hart St, Brooklyn, NY 11237. The property features 3 recently renovated apartments with updated kitchens, bathrooms, flooring, and finishes. The property has strong rental income potential with convenient access to the DeKalb L train and Knickerbocker M train, supporting high tenant demand in the area. The lot size is 0.0574 acres. The property size is 5250 square feet. The zoning is R6. Close to shopping, restaurants, parks, and local amenities, this is an ideal opportunity for investors seeking a stable asset in one of Brooklyn's most active rental markets.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.78M
NOI $160,277 @ 9.00% cap · cautious / downside scenario
Moderate
$2.29M
NOI $160,277 @ 7.00% cap · market / base-case scenario
Aggressive
$3.21M
NOI $160,277 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $297.4k | $56.64 |
| − Vacancy | −$5.9k | −$1.13 |
| EGI | $291.4k | $55.51 |
| − OpEx | −$131.1k | −$24.98 |
| NOI | $160.3k | $30.53 |
5,250 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.921992
- Latitude
- 40.702329
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 6-family building in Bushwick with strong rental income.
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: Strong rental income potential in a high‑demand area of Bushwick.; Well‑maintained 6‑family building, offering a stable investment asset.; Three recently renovated apartments featuring updated kitchens and bathrooms.
