Three-Family Residential Income
219 Cornelia St Brooklyn, NY 11221
For Sale
$1,399,999
Spacious three-unit structure with outdoor space and multiple bedrooms, supporting flexible living and rental arrangements.
Property Size2,500 SF
Price / SF$559
Days on Market45
Property Features for 219 Cornelia St
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Michael Chindemi
(929) 379-3750
Source:
Elliman
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 26 at 7:24AM
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 Revived Residential
Investment Insights
Based on property information with market context.
Located at 219 Cornelia Street, this three-family residential building offers a substantial overall layout with over 2,500 square feet of living space. The property includes 5 bedrooms and 3 bathrooms, providing comfortable configurations across the units. An expansive outdoor area is included, offering residents a dedicated space for entertaining, gardening, or private outdoor use.
The building is positioned in Bushwick with access to major transit lines, including the L train at Jefferson Street and the M train at Central Avenue. This connectivity supports commutes into Manhattan and the surrounding Brooklyn area. WalkScore, bikeScore, and transitScore indicate the neighborhood is very walkable, very bikeable, and served by excellent transit.
This is a practical fit for buyers seeking a property that can support owner-occupancy alongside rental income, or for investors evaluating a multi-unit residential asset. With three separate residential units, the building offers operational flexibility compared to a single-family setup, while the outdoor area adds an amenity that can be meaningful to residents. Showings are by appointment, and some photos are virtual staged.
The building is positioned in Bushwick with access to major transit lines, including the L train at Jefferson Street and the M train at Central Avenue. This connectivity supports commutes into Manhattan and the surrounding Brooklyn area. WalkScore, bikeScore, and transitScore indicate the neighborhood is very walkable, very bikeable, and served by excellent transit.
This is a practical fit for buyers seeking a property that can support owner-occupancy alongside rental income, or for investors evaluating a multi-unit residential asset. With three separate residential units, the building offers operational flexibility compared to a single-family setup, while the outdoor area adds an amenity that can be meaningful to residents. Showings are by appointment, and some photos are virtual staged.
Key Highlights
- 1910‑built three‑family property with 2,500+ sq ft of living space
- 5 bedrooms and 3 bathrooms across the three units
- Expansive outdoor area for entertaining, gardening, or private use
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 | $127.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.1k | $50.03 |
| − OpEx | −$37.5k | −$15.01 |
| NOI | $87.6k | $35.02 |
2,500 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Spacious three-unit structure with outdoor space and multiple bedrooms, supporting flexible living and rental arrangements.
Where is this triplex located?
The property is located at 219 Cornelia St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: 1910‑built three‑family property with 2,500+ sq ft of living space; 5 bedrooms and 3 bathrooms across the three units; Expansive outdoor area for entertaining, gardening, or private use
