Two-Family Townhouse with Garden
New
For Sale
$2,175,000
1259 Jefferson Ave, Brooklyn, NY 11221
Owner duplex and garden apartment offer flexible living across multiple finished levels with private outdoor access.
Property Size3,317 SF
Days on Market4
Property Features for 1259 Jefferson Ave
General Information
Standard status
Active
Size
3,317 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,100
Building Details
Building Size
3,317 SF
Year Built
1905
Buildings
1
Stories
3
Units
2
Listing Agency:
Compass
(201) 370-8465
Listed By:
Adam Sadel
(201) 370-8465
Source:
Elliman
Added: Aug 21
Changed: Aug 24
Last Checked: Aug 24 at 10:03AM
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 Compass
Investment Insights
Based on property information with market context.
Located at 1259 Jefferson Ave in Brooklyn, this 1905 two-family townhouse combines an owner’s duplex with a separate garden-level apartment. The upper residence includes hardwood flooring, wainscoting, recessed lighting, a powder room, three bedrooms, two full bathrooms, a skylit common area, laundry room, and a finished basement with an additional half bath. Its kitchen opens to a deck and backyard, while the primary bedroom includes exposed brick and a walk-in closet.
The garden unit provides an open kitchen and living area, two bedrooms, two full bathrooms, stainless steel appliances, counter seating, and direct backyard access. The unit also connects to the basement level. The property is in Bushwick, with Highland Park and a range of restaurants, bars, coffee shops, nightlife, and shopping within the surrounding area. Walk Score and Bike Score are both 86, while Transit Score is 98.
The garden unit provides an open kitchen and living area, two bedrooms, two full bathrooms, stainless steel appliances, counter seating, and direct backyard access. The unit also connects to the basement level. The property is in Bushwick, with Highland Park and a range of restaurants, bars, coffee shops, nightlife, and shopping within the surrounding area. Walk Score and Bike Score are both 86, while Transit Score is 98.
Key Highlights
- Two‑family townhouse at 1259 Jefferson Ave, Brooklyn, NY 11221
- Owner’s duplex includes 3 bedrooms, 2 full bathrooms, laundry, and finished basement
- Garden unit offers 2 bedrooms, 2 full bathrooms, and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,167
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,323,340
$2.3M
Cap Rate 7%
$1,659,529
$1.7M
Cap Rate 9%
$1,290,744
$1.3M
Market Conditions
NOI Build-Up for 3,317 SF
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.
Gross rent
$169.2K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$166.0K $50.03/SF
− OpEx
−$49.8K −$15.01/SF
NOI
$116.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,323,340
Cap Rate 7%
$1,659,529
Cap Rate 9%
$1,290,744
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,167 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,265 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$2.75M
$2.40M – $3.20M
NOI $192,253 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,459
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Owner duplex and garden apartment offer flexible living across multiple finished levels with private outdoor access.
Where is this duplex located?
The property is located at 1259 Jefferson Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Two‑family townhouse at 1259 Jefferson Ave, Brooklyn, NY 11221; Owner’s duplex includes 3 bedrooms, 2 full bathrooms, laundry, and finished basement; Garden unit offers 2 bedrooms, 2 full bathrooms, and backyard access
