Stuyvesant Heights Free-Market
907 JEFFERSON Ave Brooklyn, NY 11221
907 JEFFERSON Ave, Brooklyn, NY, 11221
$1,995,000
For Sale
$1,995,000
Late 19th-century three-family townhouse in prime location.
Property Size2,970 SF
Lot Size0.04 Acres
Price / SF$671.72
Days on Market81
Property Features for 907 JEFFERSON Ave
General Information
- Standard status
- Active
- Size
- 2,970 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1899
Listing Agency
(347) 381-4168
Listed by
Jason Abrishami · License #30MI0708058
(347) 381-4168
Source
Elliman
Added: Apr 28 Checked: Apr 28 at 8:02 pm
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 Jason Abrishami
Investment Insights
Based on property information with market context.
Located in the heart of Stuyvesant Heights, 907 Jefferson Avenue is a late 19th-century, fully free-market three-family townhouse. Constructed in 1899, this income-producing property has approximately 2,970 square feet above grade and features three residences. The property includes a garden duplex configured as a three-bedroom, two-bath home with private backyard access, and two full-floor four-bedroom, two-bath apartments. Renovated in 2017, the property features electrical and plumbing systems, individual tankless water boilers for each unit, and Mitsubishi split systems. Interiors include white cabinetry, stone countertops, tile backsplashes, stainless steel appliance packages with dishwashers, exposed brick accents, hardwood flooring, and in-unit washer/dryers across all residences. Ceiling heights measure approximately 9'3" on the first floor, 8'10" on the second floor, 9'6" on the third floor, and 7'2" in the fully finished 832-square-foot basement, which is integrated into the owner's duplex. Sited on a 19.5' x 100' lot with building dimensions of 19.5' x 55', the property benefits from R6B zoning and approximately 682 square feet of unused FAR. The property will be delivered vacant and in as-is condition, offering flexibility for an investor or end-user to reposition and maximize income, with a projected cap rate of approximately 7.2%. The property is located near the J and Z trains at Gates Avenue, as well as the A and C lines at Ralph Avenue. Residents enjoy a neighborhood known for its landmarked brownstone blocks and growing collection of trendy cafés, restaurants, and boutique shops. Nearby parks and green spaces provide opportunities for relaxation and recreation.
Key Highlights
- Delivered vacant, offering immediate flexibility to maximize income or for live‑plus‑income use.
- Fully renovated in 2017 with modern systems (electrical, plumbing, tankless water boilers, Mitsubishi split systems) and contemporary finishes.
- Free‑market, three‑family townhouse in prime Stuyvesant Heights location.
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 | $151.5k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $148.6k | $50.03 |
| − OpEx | −$44.6k | −$15.01 |
| NOI | $104.0k | $35.02 |
2,970 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.73M
NOI $104,014 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,671 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$2.46M
$2.15M – $2.87M
NOI $172,141 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Late 19th-century three-family townhouse in prime location.
Where is this triplex located?
The property is located at 907 JEFFERSON Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Delivered vacant, offering immediate flexibility to maximize income or for live‑plus‑income use.; **Fully renovated in 2017 with modern systems** (electrical, plumbing, tankless water boilers, Mitsubishi split systems) and contemporary finishes.; Free‑market, three‑family townhouse in prime Stuyvesant Heights location.
