See Home Value
$1,100,000
Multifamily - Off Market

1209 Herkimer Street

Ocean Hill, NY 11233
bedrooms
6 Beds
bathrooms
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
6 Beds
3 Baths
-
$1,085,000 Apr 23, 2022
$1,085,000 Jul 8, 2022
$299/mo
Multifamily
7 Beds
5 Baths
-
$820,000 Feb 9, 2023
$820,000 May 15, 2023
$417/mo
Multifamily
5 Beds
4 Baths
-
$1,320,000 Feb 2, 2023
$1,320,000 May 19, 2023
-
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
-
Multifamily
8 Beds
3 Baths
-
$1,075,000 Dec 20, 2022
$1,075,000 Mar 17, 2023
$167/mo
Multifamily
6 Beds
3 Baths
-
$1,090,000 Apr 28, 2023
-
$232/mo
Multifamily
6 Beds
3 Baths
-
$1,149,999 Jan 31, 2024
-
$103/mo
Multifamily
6 Beds
3 Baths
-
$999,000 Apr 25, 2022
-
$629/mo
Multifamily
5 Beds
5 Baths
-
$1,098,000 Feb 20, 2024
-
-
Multifamily
5 Beds
3 Baths
-
$1,050,000 Dec 1, 2023
-
$349/mo
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

Building Info

1209 Herkimer Street 1209 Herkimer Street, Brooklyn, NY 11233
  • 3 Units
More about this Building
1209 Herkimer Street
Want to find out who owns 1209 Herkimer Street, Brooklyn, NY 11233? Get detailed property transactions here .

About Central Brooklyn


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