Triplex with Private
944 Herkimer Street, Brooklyn, NY 11233
For Sale
New
$1,599,900
Residential, Triplex, Brooklyn, NY
Property Size3,102 SF
Lot Size0.04 Acres
Price / SF$515.76
Days on Market4
Property Features for 944 Herkimer Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Amenities
private rooftop
front yard
backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
SI Premiere Properties
Listed By:
Carmela Hagan
(718) 667-6400
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 505993
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this brick triplex contains three apartments: a two-bedroom unit at ground level and two upper-floor apartments with three bedrooms each. The building has 3,102 square feet of interior space, a utility room, and a private rooftop. Front and rear yards are finished with brick pavers. Refrigerator and stove are included, and the building has separate meters for gas, electricity, and heat for each unit.
At 944 Herkimer Street in Brooklyn, the property occupies a 0.0402-acre lot measuring 22 by 79.62 feet. The building footprint measures 22 by 47 feet, and the property is zoned R6B. Its three-unit layout and eight-bedroom configuration support multifamily rental use.
At 944 Herkimer Street in Brooklyn, the property occupies a 0.0402-acre lot measuring 22 by 79.62 feet. The building footprint measures 22 by 47 feet, and the property is zoned R6B. Its three-unit layout and eight-bedroom configuration support multifamily rental use.
Key Highlights
- Three apartments with an 8‑bedroom mix: one 2‑bedroom unit and two 3‑bedroom units
- 3,102 square feet of interior space; built in 2005
- Private rooftop, plus front and rear yards with brick pavers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,637
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,740
$2.2M
Cap Rate 7%
$1,551,957
$1.6M
Cap Rate 9%
$1,207,078
$1.2M
Market Conditions
NOI Build-Up for 3,102 SF
Gross rent
$158.2K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.2K $50.03/SF
− OpEx
−$46.6K −$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%
$2,172,740
Cap Rate 7%
$1,551,957
Cap Rate 9%
$1,207,078
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,637 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,701 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,792 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,577
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments provide an eight-bedroom mix, with separate meters for gas, electricity, and heat.
Where is this triplex located?
The property is located at 944 Herkimer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Three apartments with an 8‑bedroom mix: one 2‑bedroom unit and two 3‑bedroom units; 3,102 square feet of interior space; built in 2005; Private rooftop, plus front and rear yards with brick pavers
