Three-Family Brick Income
1253 Blake Avenue Brooklyn, NY 11208
1253 Blake Avenue, Brooklyn, NY, 11208
$1,199,000
For Sale
$1,199,000
Legal three-family brick building with two vacant units, a finished basement, and three-bedroom plus office configuration on the first floor.
Property Size2,450 SF
Price / SF$489.39
Days on Market86
Property Features for 1253 Blake Avenue
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Integrity Core Realty
(516) 200-1202
Listed by
Christine Collura
(516) 200-1202
Source
Compass
Added: Apr 28 Updated: Jul 22 at 1:54AM Checked: Jul 22 at 9:20AM
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 Integrity Core Realty
Investment Insights
Based on property information with market context.
This legal three-family brick income property offers approximately 2,450 square feet of living space. The first-floor unit includes three bedrooms and an office, while the second level provides two additional apartments. A full finished basement includes access to the rear yard, adding practical usable space and flexibility.
Two of the three units are currently vacant. The property would benefit from updates and improvements, but it provides a straightforward rental setup for investors or owner-occupants seeking income.
The building’s multi-unit configuration, finished basement, and rear-yard access support a functional residential income profile with value-add potential through renovations.
Two of the three units are currently vacant. The property would benefit from updates and improvements, but it provides a straightforward rental setup for investors or owner-occupants seeking income.
The building’s multi-unit configuration, finished basement, and rear-yard access support a functional residential income profile with value-add potential through renovations.
Key Highlights
- Legal three‑family brick building with approx. 2,450 SF of living space
- Two vacant units—suited for investors or owner‑occupants
- Finished full walk‑out basement with access to the rear yard
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 | $94.1k | $38.40 |
| − Vacancy | −$4.2k | −$1.73 |
| EGI | $89.8k | $36.67 |
| − OpEx | −$27.0k | −$11.00 |
| NOI | $62.9k | $25.67 |
2,450 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$898.5K
$786.2K – $1.05M
NOI $62,892 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$800.0K
$700.0K – $933.3K
NOI $56,000 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,937 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal three-family brick building with two vacant units, a finished basement, and three-bedroom plus office configuration on the first floor.
Where is this triplex located?
The property is located at 1253 Blake Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Legal three‑family brick building with approx. 2,450 SF of living space; Two vacant units—suited for investors or owner‑occupants; Finished full walk‑out basement with access to the rear yard
