3-Unit Brick
For Sale
$1,599,999
945a Herkimer Street, Brooklyn, NY 11233
Each residence offers three bedrooms and two full bathrooms, with separately metered utilities.
Property Size4,285 SF
Price / SF$373.40
Days on Market30
Property Features for 945a Herkimer Street
General Information
Standard status
Active
Size
4,285 SF
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,475
Amenities
First Floor Bedroom
Building Details
Building Size
4,285 SF
Year Built
2004
Units
3
Construction
bricks
Listing Agency:
Island Advantage Realty LLC
(631) 351-6000
Listed By:
Kamruz Z. Baccu · License #40BA1029231
(347) 465-3220
Source:
Croninreale
Added: Sep 25
Changed: Oct 23
Last Checked: Oct 23 at 5:04PM
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 Island Advantage Realty LLC
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Investment Insights
Based on property information with market context.
This 2004 brick triplex contains 4,285 square feet and three residences, each with three bedrooms and two full bathrooms. A finished basement adds usable space. The building has three heating boilers, three hot water tanks, three gas meters and four electric meters; each residence pays its own utilities.
Ralph Ave. Subway Station, served by the A and C trains, is one block away. Nearby destinations include McDonald’s, schools, shops and places of worship in Bedford-Stuyvesant.
Ralph Ave. Subway Station, served by the A and C trains, is one block away. Nearby destinations include McDonald’s, schools, shops and places of worship in Bedford-Stuyvesant.
Key Highlights
- Three residences, each with 3 bedrooms and 2 full bathrooms
- 4,285 square feet; built in 2004
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,817
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,616,340
$2.6M
Cap Rate 7%
$1,868,814
$1.9M
Cap Rate 9%
$1,453,522
$1.5M
Market Conditions
NOI Build-Up for 4,285 SF
Gross rent
$242.7K $56.64/SF
− Vacancy
−$4.9K −$1.13/SF
EGI
$237.8K $55.51/SF
− OpEx
−$107.0K −$24.98/SF
NOI
$130.8K $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%
$2,616,340
Cap Rate 7%
$1,868,814
Cap Rate 9%
$1,453,522
Alternative Uses
Best Use
Multifamily LT 5
$2.14M
$1.88M – $2.50M
NOI $150,068 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $130,817 @ 7.0% cap · market cap 8.18%
Theoretical Best
Specialty Retail
$3.55M
$3.10M – $4.14M
NOI $248,359 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,577
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms and two full bathrooms, with separately metered utilities.
Where is this triplex located?
The property is located at 945a Herkimer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Three residences, each with 3 bedrooms and 2 full bathrooms; 4,285 square feet; built in 2004; Finished basement
