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Map
$1,100,000
●
Multifamily -
Off Market
1209 Herkimer Street
Ocean Hill, NY 11233
6 Beds
3 Baths
$5,606
Estimated Monthly
$0
HOA / Fees
10.58%
Cap Rate
About This Property
Rare Opportunity: Three-Family Brick Property in Ocean Hill,
Brooklyn Discover this unique three-family property in
Ocean Hill, a prime Brooklyn neighborhood. This brick building
offers an excellent rehabilitation and expansion opportunity, with
a current size of 2,238 square feet and potential to increase due
to favorable zoning. Located just around the corner from the Ralph
Avenue train station, it ensures efficient access throughout the
city and a significant rental advantage. Key Points:
Historical Charm: Early 20th-century construction
ready for a modern makeover. Expandable: Approximately 2,400
square feet of additional space available for development due to R6
zoning. Low Taxes: Benefit from an attractive annual property
tax rate. Prime Location: Near a main train station, offering
excellent city access and a thriving rental market.
Investment Potential: With better interest rates, it's now
more affordable to transform this property into a profitable rental
space or a luxurious single-family home. This is a
golden chance for buyers (and investors or renovators ) looking to
capitalize on Brooklyn's real estate market, specifically in the
Ocean Hill, Brownsville, and Bed-Stuy areas. We are open to
negotiation, including purchase concessions to make this venture
more economically viable. Don't miss out on this rare opportunity
to own and shape a piece of Brooklyn's future.
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$204
HOA Dues
-
Year Built
1915
Last updated: 2 months ago (OneKey MLS #ONE3516451)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 7, 2024 | Relisted | $1,100,000 | |
Relisted | |||
Mar 6, 2024 | In contract | - | |
In contract | |||
Jan 17, 2024 | In contract | - | |
In contract | |||
Jan 5, 2024 | Relisted | $1,100,000 | |
Relisted | |||
Jan 2, 2024 | In contract | - | |
In contract |
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Bathroom Information
Full Bathrooms: 3
Interior Information
Flooring Type: Hardwood
Room 1
Level: First
Type: 6 Bedrooms, 3 Bathrooms
Room Information
Rooms: 12
Basement Information
Basement: See Remarks
Exterior Details
Property Information
Square Footage : 2238
Architectual Style: Other
Property Type: Residential Income
Property Sub Type: Multi Family
Year Built: 1915
Building Information
Building Area Units: Square Feet
Construction Methods: Other
Lot Information
Lot Size Acres: 0.05
Lot Size Square Feet: 1967
Lot Size Dimensions: 19.67x100
Land Information
Water Source: Public
Water Source: See Remarks
Financial Details
Tax Annual Amount: $2,451
Utilities Details
Cooling: Yes
Cooling: Wall Unit(s)
Heating: Other, See Remarks
Sewer : Other
Location Details
Directions: Google Maps
County or Parish: Brooklyn
Other Details
Selling Agency Compensation: 2
On Market Date: 2023-11-14
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
Sold
Multifamily
6
Beds
3
Baths
-
$1,085,000
Apr 23, 2022
$1,085,000
Jul 8, 2022
$299/mo
Sold
Multifamily
7
Beds
5
Baths
-
$820,000
Feb 9, 2023
$820,000
May 15, 2023
$417/mo
Sold
Multifamily
5
Beds
4
Baths
-
$1,320,000
Feb 2, 2023
$1,320,000
May 19, 2023
-
Sold
Multifamily
8
Beds
3
Baths
-
$950,000
Mar 10, 2023
$950,000
Aug 24, 2023
$242/mo
Townhouse
5
Beds
3
Baths
-
$1,149,000
Jun 2, 2021
$1,149,000
Nov 22, 2021
-
Sold
Multifamily
8
Beds
3
Baths
-
$1,075,000
Dec 20, 2022
$1,075,000
Mar 17, 2023
$167/mo
Active
Townhouse
6
Beds
3
Baths
2,565 ft²
$427/ft²
$1,095,000
Aug 4, 2023
-
$2,162/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|