Two-Family Townhouse with Garden
For Sale
$2,175,000
1259 Jefferson Avenue, Brooklyn, NY 11221
Owner duplex and garden apartment offer flexible living across multiple finished levels with private outdoor access.
Property Size3,317 SF
Price / SF$655.71
Days on Market50
Property Features for 1259 Jefferson Avenue
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
Listing Agency:
Compass
Listed By:
JOSHUA GOLAN
(718) 415-4410
Source:
Miradorrealestate
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 7 at 2:59PM
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 / Yr
$116,167
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
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
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 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
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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
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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?
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 Avenue 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
