Three-Story Duplex
For Sale
$2,100,000
131 Weirfield St, Brooklyn, NY 11221
Two distinct units support owner occupancy alongside rental income in a character-rich residential property.
Property Size3,010 SF
Days on Market127
Property Features for 131 Weirfield St
General Information
Standard status
Active
Size
3,010 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,772
Building Details
Building Size
3,010 SF
Year Built
1910
Buildings
1
Stories
3
Units
2
Listing Agency:
Compass
(917) 246-8581
Listed By:
Tali Berzak · License #10401251205
(917) 246-8581
Source:
Elliman
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 31 at 4:30PM
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.
Built in 1910, this three-story duplex residence includes a cellar and two separately configured units. The owner's upper duplex contains three bedrooms, two full bathrooms, two half bathrooms, and direct cellar access. Its open living and dining area connects with a kitchen equipped with a six-burner Bosch gas range, integrated Bosch 36-inch refrigerator, Bosch dishwasher, Sharp microwave, and wine fridge. The cellar adds substantial storage or flexible utility space.
The garden-level apartment has a private entrance and includes one bedroom, one full bathroom, and one half bathroom. Together, the property offers four bedrooms, three full bathrooms, and two half bathrooms. The address is on Weirfield Street between Evergreen and Central Avenues in Bushwick, near Irving Square Park and the L and J/M subway lines. JFK Airport is approximately 20 minutes away. Walk Score is 90, Transit Score is 100, and Bike Score is 64.
The garden-level apartment has a private entrance and includes one bedroom, one full bathroom, and one half bathroom. Together, the property offers four bedrooms, three full bathrooms, and two half bathrooms. The address is on Weirfield Street between Evergreen and Central Avenues in Bushwick, near Irving Square Park and the L and J/M subway lines. JFK Airport is approximately 20 minutes away. Walk Score is 90, Transit Score is 100, and Bike Score is 64.
Key Highlights
- Two‑unit layout with an owner's upper duplex and a garden‑level rental
- Four bedrooms, three full bathrooms, and two half bathrooms
- Built in 1910 with three stories and a cellar
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
$105,415
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
5.02%
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%
$2,108,300
$2.1M
Cap Rate 7%
$1,505,929
$1.5M
Cap Rate 9%
$1,171,278
$1.2M
Market Conditions
NOI Build-Up for 3,010 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
$153.5K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.6K $50.03/SF
− OpEx
−$45.2K −$15.01/SF
NOI
$105.4K $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%
$2,108,300
Cap Rate 7%
$1,505,929
Cap Rate 9%
$1,171,278
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,415 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,892 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.91M
NOI $174,460 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,398
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 - Two distinct units support owner occupancy alongside rental income in a character-rich residential property.
Where is this duplex located?
The property is located at 131 Weirfield St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑unit layout with an owner's upper duplex and a garden‑level rental; Four bedrooms, three full bathrooms, and two half bathrooms; Built in 1910 with three stories and a cellar
