Duplex with Garden
New
For Sale
$2,099,000
1259 Jefferson Avenue TWNHSE, Brooklyn, NY 11221
Two separate residences offer private outdoor access, flexible room layouts, and a finished basement.
Property Size3,317 SF
Price / SF$632.80
Days on Market5
Property Features for 1259 Jefferson Avenue TWNHSE
General Information
Standard status
Active
Size
3,317 SF
Property subtype
Multi Family
Additional Details
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:
Penrealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:55PM
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
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Investment Insights
Based on property information with market context.
This 3,317-square-foot, two-family townhouse dates to 1905 and contains an upper owner’s duplex and a garden apartment. The upper residence has red oak floors, a kitchen opening to a deck and backyard, three bedrooms, two full bathrooms, a powder room, laundry room, and finished basement with a half bath. The garden-level unit features an open kitchen and living area, two bedrooms, two full bathrooms, and backyard access from the bedrooms.
The property is in Bushwick, Brooklyn, near restaurants, bars, shops, and Highland Park. Named nearby destinations include Caffeine Underground, Bricklyn Pizza, Father Knows Best, and Nowadays.
The property is in Bushwick, Brooklyn, near restaurants, bars, shops, and Highland Park. Named nearby destinations include Caffeine Underground, Bricklyn Pizza, Father Knows Best, and Nowadays.
Key Highlights
- 3,317‑square‑foot, two‑family townhouse built in 1905
- Owner’s duplex has three bedrooms, two full bathrooms, a powder room, laundry room, and finished basement
- Garden apartment includes two bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,167
Cap Rate
5.53%
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 5.53%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,265 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$2.75M
$2.40M – $3.20M
NOI $192,253 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private outdoor access, flexible room layouts, and a finished basement.
Where is this duplex located?
The property is located at 1259 Jefferson Avenue TWNHSE Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: 3,317‑square‑foot, two‑family townhouse built in 1905; Owner’s duplex has three bedrooms, two full bathrooms, a powder room, laundry room, and finished basement; Garden apartment includes two bedrooms and two full bathrooms
