Renovated Two-Family Townhouse in
1217 JEFFERSON Ave Brooklyn, NY 11221
1217 JEFFERSON Ave, Brooklyn, NY, 11221
$2,150,000
For Sale
$2,150,000
Meticulously renovated two-family townhouse in vibrant Bushwick.
Property Size3,600 SF
Price / SF$597.22
Days on Market87
Property Features for 1217 JEFFERSON Ave
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing Agency
(347) 653-8010
Listed by
Ivan Mijalkovic · License #10301211186 (NY)
(347) 653-8010
Source
Elliman
Added: Apr 22 Checked: Jul 16 at 10:25 am
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 Ivan Mijalkovic
Investment Insights
Based on property information with market context.
Located in the heart of Bushwick, 1217 Jefferson Avenue is a renovated two-family townhouse. Situated on a tree-lined block, this residence spans approximately 3,600 square feet on a 100-foot lot. The upper duplex features an open-concept living space with a chef's kitchen, including a natural stone island, Miele appliances, and custom cabinetry. Floor-to-ceiling glass doors lead to a private outdoor deck and landscaped backyard. The upper level features a hallway skylight, a primary suite with a walk-in closet, and bathrooms with skylights. The duplex includes a laundry room and direct internal access to a finished basement. The garden level hosts a 2-bedroom, 1-bathroom rental residence with a private entrance, white oak flooring, an in-unit washer/dryer, and access to the outdoor space. The home features large windows, a central hallway skylight, and skylights in every upper-level bathroom. Both units have independent in-unit washer/dryers. The chef's kitchen features natural stone surfaces, a Miele appliance package, and storage. The home has wide-plank white oak flooring and designer hardware throughout, as well as multi-zone heating and cooling. The property is located near Irving Square Park and various lifestyle destinations, including Saint Michel Café, Sunrise/Sunset, and Barchaa Cuisine. Flow Pilates and Kal Yoga are also nearby. Transportation options include the J/Z lines at Halsey Street, the M line at Knickerbocker Ave, and the L line at Wilson Ave.
Key Highlights
- Gut‑renovated two‑family townhouse with approximately 3,600 sq ft of living space on a 100‑foot lot.
- Owner's duplex features a chef's kitchen with Miele appliances, natural stone island, and access to a private deck and landscaped backyard.
- Sun‑drenched interiors with large windows, a central hallway skylight, and skylights in every upper‑level bathroom.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.6k | $51.00 |
| − Vacancy | −$3.5k | −$0.97 |
| EGI | $180.1k | $50.03 |
| − OpEx | −$54.0k | −$15.01 |
| NOI | $126.1k | $35.02 |
3,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,078 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Meticulously renovated two-family townhouse in vibrant Bushwick.
Where is this duplex located?
The property is located at 1217 JEFFERSON Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Gut‑renovated two‑family townhouse with approximately 3,600 sq ft of living space on a 100‑foot lot.; **Owner's duplex features a chef's kitchen with Miele appliances, natural stone island, and access to a private deck and landscaped backyard.**; Sun‑drenched interiors with large windows, a central hallway skylight, and skylights in every upper‑level bathroom.
