Duplex Under Construction with Finished
For Sale
$1,125,000
1472 Blake Avenue, Brooklyn, NY 11208
MULTI_FAMILY - Brooklyn, NY
Property Size2,950 SF
Lot Size0.07 Acres
Price / SF$381.36
Days on Market97
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
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 6, Bathroom 2
Interior features
Central Air - Split, Dishwasher, Laundry Area, Microwave
Basement
Full, Finished
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
(929) 600-5353
Added: May 7
Changed: Aug 3
Last Checked: Aug 11 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.
Welcome to 1472 Blake Avenue in Brooklyn, NY, a brand new duplex currently under construction and just completed, with water and sewer hook-ups still pending. The home is designed as a two-family residence with a total of 6 bedrooms and 5 bathrooms, with each unit featuring a 3-bedroom layout and 2 full baths. Interiors include custom kitchens, designer bathrooms, gleaming hardwood flooring throughout, and central air split systems.
The full finished basement includes a separate entry and a full bathroom, adding flexibility for day-to-day living and privacy. A private driveway provides ample space to park your cars.
Set on a 0.0725-acre lot with approximately 2,950 square feet under the current configuration, this R4-zoned property was built in 2026 and features block construction and a shingle roof.
The full finished basement includes a separate entry and a full bathroom, adding flexibility for day-to-day living and privacy. A private driveway provides ample space to park your cars.
Set on a 0.0725-acre lot with approximately 2,950 square feet under the current configuration, this R4-zoned property was built in 2026 and features block construction and a shingle roof.
Key Highlights
- 0.0725‑acre lot with approximately 2,950 SF duplex under construction
- Two‑family layout totaling 6 bedrooms and 5 bathrooms (3‑bed, 2‑bath per unit)
- 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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,980
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New duplex construction with a finished basement featuring a separate entry, central air split, and hardwood flooring throughout.
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: 0.0725‑acre lot with approximately 2,950 SF duplex under construction; Two‑family layout totaling 6 bedrooms and 5 bathrooms (3‑bed, 2‑bath per unit); Finished basement with separate entry and full bathroom
