Building Details

Floors in Building 4

Flooring type Hardwood

Listing Agency: H P GREENFIELD REAL ESTATE LTD

Listed By: Gary Weiner Show Phone

Added: Sep 28 Changed: Oct 1 Last Checked: Oct 5 at 9:06PM

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MLS# 12004112

Copyright © 2026 My State MLS. 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 two-family duplex in a brownstone building contains 2,668 square feet across multiple levels. The layout includes six bedrooms and three full bathrooms, with hardwood flooring and a full-height basement. The property requires a complete renovation, offering an opportunity to rework its existing interior configuration.

Set on Jefferson Avenue in Brooklyn’s Bedford-Stuyvesant neighborhood, the property is near Bedford Avenue’s shops, cafés, and restaurants. The site measures 0.039 acres.

Key Highlights

• Two‑family duplex with 2,668 square feet
• Six bedrooms and three full bathrooms
• Full‑height basement and hardwood flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,438

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,868,760 $1.9M

Cap Rate 7%

$1,334,829 $1.3M

Cap Rate 9%

$1,038,200 $1.0M

Market Conditions

NOI Build-Up for 2,668 SF

Gross rent

$136.1K $51.00/SF

− Vacancy

−$2.6K −$0.97/SF

EGI

$133.5K $50.03/SF

− OpEx

−$40.0K −$15.01/SF

NOI

$93.4K $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 Rate 5%

$1,868,760

Cap Rate 7%

$1,334,829

Cap Rate 9%

$1,038,200

Alternative Uses

Best Use

Multifamily LT 5

$1.33M

$1.17M – $1.56M (±1% cap)

NOI $93,438 @ 7.0% cap · market cap 4.25%

Second Best

Apartment 5plus

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,451 @ 7.0% cap · market cap 3.70%

Theoretical Best

Specialty Retail

$2.21M

$1.93M – $2.58M (±1% cap)

NOI $154,637 @ 7.0% cap · market cap 7.03%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

6,167

Businesses Nearby

Explore this area Business Placement

Demographics for 11216, NY

61,251

Population

28,825

Households

2.1

Avg Household Size

34

Median Age

56%

College-Educated

91%

High-School Grad

1.0 sq mi

ZIP Area

61,251

Density / Sq Mi

$95,000

Median Household Income

$61,389

Median Earnings

$2,180

Median Rent

$1,398,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The multi-level residence has hardwood flooring and a full-height basement, with a complete renovation required.

Where is this duplex located?

The property is located at 109 Jefferson Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Two‑family duplex with 2,668 square feet; Six bedrooms and three full bathrooms; Full‑height basement and hardwood flooring