Two-Family
New
For Sale
$1,599,999
1341 JEFFERSON Ave, Brooklyn, NY 11221
Duplex-over-duplex layout with outdoor space, transit access, and separate living areas for flexible occupancy.
Property Size855 SF
Price / SF$471.84
Days on Market4
Property Features for 1341 JEFFERSON Ave
General Information
Standard status
Active
Size
855 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$39,924
Amenities
private backyard
balcony
Building Details
Building Size
855 SF
Year Built
1905
Stories
2
Units
2
Listing Agency:
Douglas Elliman Real Estate
(917) 789-0419
Listed By:
Zaire Knight
(917) 789-0419
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 6:11AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Located at 1341 Jefferson Avenue in Brooklyn, this two-family townhouse contains approximately 3,391 square feet with six bedrooms and four full bathrooms. The configuration places an owner’s lower duplex beneath a separate upper duplex, creating distinct living areas within the home. A finished lower level adds usable space, while exposed brick details contribute architectural character. The upper duplex has been maintained, and the lower levels provide room for future updates.
Outdoor features include a private backyard and an upper-level balcony. The property is near the Halsey Street L train and the Myrtle-Wyckoff Avenue L and M trains, with walkability and transit scores of 82 and 84, respectively. A bike score of 70 reflects additional cycling access. Maria Hernandez Park, neighborhood cafés, restaurants, boutique shopping, and Bushwick’s arts and cultural venues are also nearby.
Outdoor features include a private backyard and an upper-level balcony. The property is near the Halsey Street L train and the Myrtle-Wyckoff Avenue L and M trains, with walkability and transit scores of 82 and 84, respectively. A bike score of 70 reflects additional cycling access. Maria Hernandez Park, neighborhood cafés, restaurants, boutique shopping, and Bushwick’s arts and cultural venues are also nearby.
Key Highlights
- Two‑family townhouse with a duplex‑over‑duplex configuration
- Approximately 3,391 square feet with 6 bedrooms and 4 full bathrooms
- Finished lower level, private backyard, and upper‑level balcony
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
$118,759
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
7.42%
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%
$2,375,180
$2.4M
Cap Rate 7%
$1,696,557
$1.7M
Cap Rate 9%
$1,319,544
$1.3M
Market Conditions
NOI Build-Up for 3,391 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
$172.9K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$169.7K $50.03/SF
− OpEx
−$50.9K −$15.01/SF
NOI
$118.8K $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%
$2,375,180
Cap Rate 7%
$1,696,557
Cap Rate 9%
$1,319,544
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.48M – $1.98M
NOI $118,759 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,524 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,542 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Duplex-over-duplex layout with outdoor space, transit access, and separate living areas for flexible occupancy.
Where is this duplex located?
The property is located at 1341 JEFFERSON Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Two‑family townhouse with a duplex‑over‑duplex configuration; Approximately 3,391 square feet with 6 bedrooms and 4 full bathrooms; Finished lower level, private backyard, and upper‑level balcony
