Multi-Level Multifamily
For Sale
$1,500,000
1335 Bushwick Ave, Brooklyn, NY 11207
Brick-and-frame residence with flexible multi-bedroom living areas, hardwood floors, and a full lower level for storage and mechanical use.
Property Size2,675 SF
Price / SF$560.75
Days on Market44
Property Features for 1335 Bushwick Ave
General Information
Standard status
Active
Size
2,675 SF
Property subtype
Residential Income
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,721
Building Details
Stories
3
Construction
Brick & Frame
Listing Agency:
Iconic Real Estate Group LLC
(646) 243-8071
Listed By:
Christopher Reimers
(646) 243-8071
Source:
Exprealty
Added: Jul 1
Changed: Aug 12
Last Checked: Aug 12 at 4:15AM
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 Iconic Real Estate Group LLC
Investment Insights
Based on property information with market context.
This multifamily residence combines brick-and-frame construction with three above-grade floors and a full lower level. Approximately 2,675 square feet of interior living area includes flexible multi-bedroom arrangements, tall windows, and hardwood flooring. The lower level provides additional storage along with dedicated space for mechanical systems. At the street, a raised stoop entry is enclosed by decorative wrought-iron fencing and an entry gate.
The property is located at 1335 Bushwick Ave in Bushwick, with dining and neighborhood conveniences along Broadway and Bushwick Avenue. Chauncey Street Station, served by the J and Z trains, is less than two blocks away. Bushwick Avenue–Aberdeen Street and Wilson Avenue stations provide additional L train access. The layout is suited to a primary residence or inclusion in a multifamily portfolio.
The property is located at 1335 Bushwick Ave in Bushwick, with dining and neighborhood conveniences along Broadway and Bushwick Avenue. Chauncey Street Station, served by the J and Z trains, is less than two blocks away. Bushwick Avenue–Aberdeen Street and Wilson Avenue stations provide additional L train access. The layout is suited to a primary residence or inclusion in a multifamily portfolio.
Key Highlights
- Approximately 2,675 SF of interior living area across three floors plus a full lower level
- Flexible multi‑bedroom layout with hardwood flooring and tall windows
- Full lower level includes mechanical space and additional storage
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
$81,665
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
5.44%
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%
$1,633,300
$1.6M
Cap Rate 7%
$1,166,643
$1.2M
Cap Rate 9%
$907,389
$907.4K
Market Conditions
NOI Build-Up for 2,675 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
$151.5K $56.64/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$148.5K $55.51/SF
− OpEx
−$66.8K −$24.98/SF
NOI
$81.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,633,300
Cap Rate 7%
$1,166,643
Cap Rate 9%
$907,389
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,665 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.21M
$1.94M – $2.58M
NOI $155,043 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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?
Multifamily property - Brick-and-frame residence with flexible multi-bedroom living areas, hardwood floors, and a full lower level for storage and mechanical use.
Where is this multifamily property located?
The property is located at 1335 Bushwick Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 2,675 SF of interior living area across three floors plus a full lower level; Flexible multi‑bedroom layout with hardwood flooring and tall windows; Full lower level includes mechanical space and additional storage
