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Key Details:
- Two-family brick townhouse
- 5 bedrooms 3 full bathrooms
- 2, 150 SF interior
- Solid structure with well-maintained mechanicals and bones
- Delivered in clean, livable condition with opportunity to update
- Five decorative fireplaces throughout
- Unfinished but clean basement with flexible use potential
- On the same block as the Rockaway Ave - C train
- Strong income potential with projected rents exceeding $4, 000+ Flexible layout-maintain as a two-family or explore conversion to 4 units (consult architect)
Located in the rapidly evolving Ocean Hill section of Brooklyn, 1274 Herkimer Street presents a rare opportunity to acquire a classic brick townhouse with scale, character, and long-term upside. Spanning approximately 2, 150 square feet, this two-family property is currently configured with five bedrooms and three full bathrooms, offering a versatile layout suited for both end-users and investors.
The home has been well maintained over the years and offers solid bones throughout, making it an ideal candidate for a thoughtful cosmetic renovation. Period charm is evident with five decorative fireplaces that anchor multiple living spaces, adding warmth and architectural interest. Generous room proportions allow for king-sized bedrooms and flexible living arrangements across both units.
The basement is clean and expansive, currently unfinished but primed for conversion into a home office, recreation space, or additional storage depending on your needs. Above grade, the layout lends itself to multiple strategies-continue operating as a two-family with strong rental income, or explore reconfiguration into a higher-yield multi-unit investment (subject to approvals).
Positioned literally on the corner of Rockaway Avenue, the C train provides direct and efficient access into Manhattan, making commuting seamless. Flanked by Bed Stuy, the surrounding neighborhood continues to see steady growth, with increasing demand from renters and buyers alike drawn to its accessibility through Broadway Junction and value relative to neighboring areas.
Whether you're looking to create a custom residence with income, capitalize on rental upside, or reposition the asset entirely, 1274 Herkimer Street offers the foundation to execute your vision.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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Our Executive Mortgage Banker:
$999,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $799,999 | $799,999 | $799,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,542 | $4,796 | $6,751 |
| Total Monthly Payment | $4,634 | $4,888 | $6,843 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.