Six-Bedroom Duplex with Finished
For Sale
$1,125,000
1472 Blake Avenue, Brooklyn, NY 11208
Residential, Colonial, Brooklyn, NY
Property Size2,950 SF
Lot Size0.07 Acres
Price / SF$381.36
Days on Market143
Property Features for 1472 Blake Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R4
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Interior features
Central Air - Split, Dishwasher, Laundry Area, Microwave
Basement
Finished, Full
Subdivision
East New York
Standard status
Active
Size
2,950 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
930
Utilities
Water front
1
Building Details
Year built
2026
Floors in Building
2
Flooring type
Hardwood
Building materials
Block
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Realty Trends Corp
(929) 600-5353
Listed By:
Cheryl Rosenthal · License #10311207324
(516) 312-3223
Added: May 7
Changed: Sep 21
Last Checked: Sep 26 at 6:06AM
MLS# 501225
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This R4-zoned duplex contains 2,950 square feet with two three-bedroom apartments, providing six bedrooms and five bathrooms overall. Each residence includes two full bathrooms, a custom kitchen, dishwasher, microwave, central air, laundry area, and hardwood flooring. The block-built Colonial property also features a finished basement with a separate entrance and full bathroom.
A private driveway provides on-site vehicle parking. The 0.0725-acre property is located on Blake Avenue in Brooklyn’s City Line area, with shopping and restaurants nearby and commuting access to New York City. Water and sewer hookups remain to be completed, and the recorded year built is 2026.
A private driveway provides on-site vehicle parking. The 0.0725-acre property is located on Blake Avenue in Brooklyn’s City Line area, with shopping and restaurants nearby and commuting access to New York City. Water and sewer hookups remain to be completed, and the recorded year built is 2026.
Key Highlights
- Two three‑bedroom apartments with six bedrooms and five bathrooms overall
- 2,950 square feet on a 0.0725‑acre lot
- Finished basement with separate entry and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,728
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,514,560
$1.5M
Cap Rate 7%
$1,081,829
$1.1M
Cap Rate 9%
$841,422
$841.4K
Market Conditions
NOI Build-Up for 2,950 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$113.3K $38.40/SF
− Vacancy
−$5.1K −$1.73/SF
EGI
$108.2K $36.67/SF
− OpEx
−$32.5K −$11.00/SF
NOI
$75.7K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,514,560
Cap Rate 7%
$1,081,829
Cap Rate 9%
$841,422
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$946.6K – $1.26M
NOI $75,728 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$963.3K
$842.9K – $1.12M
NOI $67,429 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,353 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,990
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include designer-finished kitchens, full baths, hardwood floors, and dedicated laundry areas.
Where is this duplex located?
The property is located at 1472 Blake Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Two three‑bedroom apartments with six bedrooms and five bathrooms overall; 2,950 square feet on a 0.0725‑acre lot; Finished basement with separate entry and full bathroom
