792 Hart St Brooklyn, NY 11237-3534

Property Details for 792 Hart St

Year built

1931

Lot size

0.06 lot acres

Property size

4,875 SF

Zone code

R6

Property type

Apartment buildings

APN

03235-0023

APU

32350023

Description

This exceptional six-unit apartment building, located at 792 Hart Street in the heart of Bushwick, Brooklyn, presents a compelling investment opportunity. The property boasts 4,875 square feet on a 25' x 100' lot, with the building itself measuring 25' x 65'. Built in 1931, the building features five renovated free-market units offering high-end apartment finishes. The unit mix includes four spacious three-bedroom, two-bathroom apartments and one three-bedroom, one-bathroom apartment with convenient backyard access. The property enjoys a strong net operating income (NOI) of $153,407, translating to a 5.20% capitalization rate and an asking price of $2,950,000 ($605 per square foot and $491,667 per unit). Its prime Bushwick location is less than two blocks from Maria Hernandez Park and is surrounded by a vibrant array of local amenities, including delis, cafes, nightlife attractions, and Circo's Bakery. This investment presents immediate upside potential with three leases rolling over this summer. This is a rare opportunity to acquire a well-maintained multifamily property in a rapidly appreciating Brooklyn neighborhood. The property's strong cash flow, desirable location, and potential for future appreciation make it an ideal addition to any investment portfolio.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9233

Latitude

40.701

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments