Triplex with Garden-Level
For Sale
$1,999,000
613 Jefferson Avenue, Brooklyn, NY 11221
MULTI_FAMILY - Brooklyn, NY
Property Size3,600 SF
Lot Size0.05 Acres
Price / SF$555.28
Days on Market171
Property Features for 613 Jefferson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5
Patio and Porch features
Patio
Interior features
Dishwasher, Patio Garden, Refrigerator, Stove
Basement
Unfinished
Subdivision
Bedford Stuyvesant
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2038
Amenities
backyard
Building Details
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Robert J. Burnett
(929) 379-3750
Added: Mar 5
Changed: Aug 4
Last Checked: Aug 23 at 9:06PM
MLS# 499386
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.
613 Jefferson Avenue is a three-story plus garden-level brick brownstone built in 1899, located in the heart of Bedford-Stuyvesant, Brooklyn. The building sits on a 20' x 100' lot with building dimensions of approximately 20' x 45', totaling roughly 3,600 square feet across four levels. The certificate of occupancy currently reads SRO, 1-family with 7 furnished rooms.
The property is configured as a three-family residence, with the first floor duplexed with the garden level, and 1-bed / 1-bath floor-through apartments on the 2nd and 3rd floors. There are 4 electrical meters, 3 gas meters, and 3 kitchens. Interior features include hardwood flooring and a dishwasher, refrigerator, and stove. A spacious backyard and patio provide outdoor space.
The roof is flat, and the building is constructed with brick. This setup offers flexible living configuration within a classic brownstone footprint.
The property is configured as a three-family residence, with the first floor duplexed with the garden level, and 1-bed / 1-bath floor-through apartments on the 2nd and 3rd floors. There are 4 electrical meters, 3 gas meters, and 3 kitchens. Interior features include hardwood flooring and a dishwasher, refrigerator, and stove. A spacious backyard and patio provide outdoor space.
The roof is flat, and the building is constructed with brick. This setup offers flexible living configuration within a classic brownstone footprint.
Key Highlights
- Built in 1899 three‑story plus garden‑level brick brownstone
- ~3,600 SF across four levels with approx. 20' x 45' building dimensions
- 20' x 100' lot size
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
$126,078
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
6.31%
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%
$2,521,560
$2.5M
Cap Rate 7%
$1,801,114
$1.8M
Cap Rate 9%
$1,400,867
$1.4M
Market Conditions
NOI Build-Up for 3,600 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
$183.6K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$180.1K $50.03/SF
− OpEx
−$54.0K −$15.01/SF
NOI
$126.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$2,521,560
Cap Rate 7%
$1,801,114
Cap Rate 9%
$1,400,867
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,078 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 10.44%
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
4,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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?
Triplex - Three-family brownstone with a garden-level duplex and patios, built in 1899 in Bedford-Stuyvesant.
Where is this triplex located?
The property is located at 613 Jefferson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Built in 1899 three‑story plus garden‑level brick brownstone; ~3,600 SF across four levels with approx. 20' x 45' building dimensions; 20' x 100' lot size
