1 /
7
Map
$1,052,074*
●
Multifamily -
Off Market
1088 Herkimer Street
Brooklyn, NY 11233
Studio
0 Bath
4410 Sqft
$945,000 - $1,155,000
Reference Base Price*
0.20%
Since Oct 1, 2023
NY-New York
Primary Model
About This Property
1088 Herkimer Street is a six-unit building located in a prime
location. All of the units are Rent Stabilized, which ensures that
there is a steady income stream for investors. At full occupancy,
the potential rental income for the building is $100,000, but there
is potential for even higher returns for the right investor.3/6
units will be delivered fully vacant. 3/6 of the tenants currently
pay rent on time. The building needs some work, this presents a
great opportunity for investors to add value and increase the
potential rental income. Each unit in the building has two
bedrooms, making it an ideal investment for those looking to cater
to families or roommates. The building has a total area of 4,410
square feet + a full basement and is built 24.5 x 60 on a 98-foot
lot. The building comes with a detached three-car indoor parking
garage, which is a great addition for tenants who own cars.The
building is zoned R5B, which means that it is located in a
residential area with medium density. This makes it an attractive
investment opportunity for those looking to invest in a stable
income-producing property in a desirable location.
The manager has listed the unit size as 4410 square feet.
The manager has listed the unit size as 4410 square feet.
Unit Size
4,410Ft²
Days on Market
-
Land Size
-
Price per sqft
$238
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1910
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 2, 2023 | No longer available | - | |
No longer available | |||
Aug 27, 2023 | Relisted | $1,100,000 | |
Relisted | |||
Aug 26, 2023 | No longer available | - | |
No longer available | |||
Aug 19, 2023 | No longer available | - | |
No longer available | |||
Aug 12, 2023 | No longer available | - | |
No longer available |
Show More
Property Highlights
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
3
Beds
3
Baths
2,320 ft²
$496/ft²
$1,150,000
Jul 12, 2017
$1,150,000
Feb 28, 2018
-
Multifamily
8
Beds
3
Baths
2,200 ft²
$416/ft²
$915,000
Jul 26, 2018
$915,000
May 3, 2019
-
Townhouse
5
Beds
3
Baths
2,394 ft²
$501/ft²
$1,200,000
Mar 9, 2022
$1,200,000
Jun 3, 2022
-
Active
Townhouse
3
Beds
2
Baths
1,725 ft²
$519/ft²
$895,000
Jul 20, 2023
-
$2,166/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/13/2023
|
|
Studio
|
-
|
4410 ft²
|
$1,100,000
Studio
-
4410 ft²
|
-
-
|
-
|
Nathaniel Smith
Oxford Property Group
|
04/23/2021
|
|
Studio
|
6 Bath
|
4410 ft²
|
$1,400,000
Studio
6 Bath
4410 ft²
|
-
-
|
-
|
Joyce Turner
CROSS BORO BUSINESS SERVICES
|