Six-Unit Apartment
For Sale
$1,890,000
858 Hart Street, Brooklyn, NY 11237
MULTI_FAMILY - Brooklyn, NY
Property Size5,250 SF
Lot Size0.06 Acres
Price / SF$360
Days on Market100
Property Features for 858 Hart Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 6
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bushwick
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 Agency:
Tiger Realty
(917) 708-9966
Listed By:
Chao Min (May) Xu
(917) 708-9966
Added: May 21
Changed: Aug 4
Last Checked: Aug 28 at 11:06PM
MLS# 501654
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.
Investment Insights
Based on property information with market context.
Well-maintained six-family residential building at 858 Hart Street, Brooklyn, NY 11237. The property includes three recently renovated apartments with updated kitchens, bathrooms, flooring, and finishes. Interior features include a refrigerator and stove, and the building has hardwood flooring. Constructed with block and brick materials and a flat roof, the building was built in 1931.
The property is zoned R6 and sits on a 0.0574-acre lot with a total property size of 5,250 square feet. The location provides convenient access to the DeKalb L train and the Knickerbocker M train.
Showings are not available Saturday or Sunday.
The property is zoned R6 and sits on a 0.0574-acre lot with a total property size of 5,250 square feet. The location provides convenient access to the DeKalb L train and the Knickerbocker M train.
Showings are not available Saturday or Sunday.
Key Highlights
- Six‑family residential building at 858 Hart Street, Brooklyn, NY 11237
- R6 zoning
- Three recently renovated apartments with updated kitchens, bathrooms, flooring, and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$160,277
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,949
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R6-zoned six-unit apartment building with three recently renovated units, built in 1931, with convenient subway access.
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: Six‑family residential building at 858 Hart Street, Brooklyn, NY 11237; R6 zoning; Three recently renovated apartments with updated kitchens, bathrooms, flooring, and finishes
