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721 Henry St
Brooklyn, NY 11231 Red Hook

$2,150,000 USD

Apartments For Sale  •  5,694 SF

Property Details

• Property Type Apartments
• Total Building Size 5,694 SF
• Lot Size 0.05 AC
• Building Class C
• Year Built 1920
• Zoning R5

100 Transit Score

80 Walk Score

Highlights

Corner Mixed-Use Asset: Situated on the SW corner of Henry Street and West 9th Street, offering exceptional visibility, side windows, and strong retai

Significant Mark-to-Market Upside: Current rents of $162,516 are well below the $229,929 market rent potential — representing over 41.5% rental upside

Vacant Retail Ready for Repositioning: The ground-floor commercial space (1,030 SF) is delivered vacant, offering an owner-user opportunity or the abi

Garage Income: Property includes a leased garage generating $21,012 annually, providing an additional income stream for a building.

2B Tax Class Protection: Caps annual tax increases, 8% a year and no more than 30% over 5 years, providing long-term cost certainty for investors.

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	2.7 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	13 min	-	4.1 mi
Transit/Subway	Drive	Walk	Distance
Smith-9 Streets (F - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway))	3 min	7 min	0.4 mi
Carroll Street (F - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway))	3 min	14 min	0.7 mi
4 Avenue-9 Street (D,M,N,R Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	4 min	17 min	0.9 mi
4 Avenue-9 Street (F,G Line) (F - New York MTA Subway (The Subway))	4 min	19 min	1.0 mi
Prospect Avenue (D,M,N,R Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
LaGuardia	23 min	-	12.3 mi
John F Kennedy International	30 min	-	15.4 mi
Newark Liberty International	27 min	-	15.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes