Bushwick Brownstone
For Sale
$1,800,000
Pending
1181 BUSHWICK Ave, Brooklyn, NY 11221
Gorgeously maintained 3-family brownstone in prime Bushwick location.
Property Size980 SF
Lot Size0.08 Acres
Days on Market215
Property Features for 1181 BUSHWICK Ave
General Information
Standard status
Pending
Size
980 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,308
Building Details
Building Size
980 SF
Year Built
1899
Units
2
Listing Agency:
Brooklyn Real Property Inc
Listed By:
Jean Paul Ho · License #JPH8888
(718) 713-6888
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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 Brooklyn Real Property Inc
Investment Insights
Based on property information with market context.
This semi-attached brownstone is a legal 3-family property delivered vacant in Bushwick. The three-level home, plus a fully finished basement, has been restored with architectural details throughout. Each of the three separate apartments features 3 bedrooms, a full bath, and an eat-in kitchen. The building measures 20 ft x 49 ft on a 33 ft x 100 ft lot, zoned R6, with 5,973 sq ft of unused FAR, offering potential for expansion or development. It features 12 ft ceilings, original moldings, parquet flooring, and tile work. Each floor has generously sized bedrooms with natural light and closet space. The fully finished basement includes a bath and a separate entrance, suitable for guests, a rec room, or an office. A new gas hot water heater and laundry room are present. The property includes a private gated driveway with a freestanding 3-car garage. It is located minutes from subway stations, restaurants, and shopping. Closing is scheduled for 2026.
Key Highlights
- Delivered Vacant Legal 3‑Family Brownstone: Rare opportunity for income or conversion.
- Prime Bushwick Location: Close to everything in a rapidly appreciating area.
- Huge 3‑Car Garage & Private Gated Driveway: Secure parking and storage in Brooklyn.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,964
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,280
$2.1M
Cap Rate 7%
$1,470,914
$1.5M
Cap Rate 9%
$1,144,044
$1.1M
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$149.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$147.1K $50.03/SF
− OpEx
−$44.1K −$15.01/SF
NOI
$103.0K $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%
$2,059,280
Cap Rate 7%
$1,470,914
Cap Rate 9%
$1,144,044
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $102,964 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,755 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,402 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,267
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
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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?
Triplex - Gorgeously maintained 3-family brownstone in prime Bushwick location.
Where is this triplex located?
The property is located at 1181 BUSHWICK Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Delivered Vacant Legal 3‑Family Brownstone: Rare opportunity for income or conversion.; Prime Bushwick Location: Close to everything in a rapidly appreciating area.; Huge 3‑Car Garage & Private Gated Driveway: Secure parking and storage in Brooklyn.
