Renovated Multifamily
New
For Sale
$1,675,000
1167 Jefferson Ave, Brooklyn, NY 11221
The updated residential property in Bushwick is a short distance from train service.
Property Size2,700 SF
Days on Market3
Property Features for 1167 Jefferson Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,400
Building Details
Building Size
2,700 SF
Listing Agency:
Real Broker NY LLC
Listed By:
Peter Figaro
(347) 312-3458
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker NY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated residential property is located in Bushwick, Brooklyn. Train service is a short distance away, providing a transit connection to Manhattan. The surrounding area includes restaurants and bars.
The property has a Walk Score of 86, a Bike Score of 86, and a Transit Score of 98.
The property has a Walk Score of 86, a Bike Score of 86, and a Transit Score of 98.
Key Highlights
- Renovated residential property in Bushwick
- A short distance from train service to Manhattan
- Walk Score: 86; Very Walkable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,428
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,560
$1.6M
Cap Rate 7%
$1,177,543
$1.2M
Cap Rate 9%
$915,867
$915.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$152.9K $56.64/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$149.9K $55.51/SF
− OpEx
−$67.4K −$24.98/SF
NOI
$82.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,560
Cap Rate 7%
$1,177,543
Cap Rate 9%
$915,867
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,737
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The updated residential property in Bushwick is a short distance from train service.
Where is this multifamily property located?
The property is located at 1167 Jefferson Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Renovated residential property in Bushwick; A short distance from train service to Manhattan; Walk Score: 86; Very Walkable
