Two-Family
For Sale
$1,525,000
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$449.72
Days on Market64
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
Listed By:
Zaire Knight
(917) 789-0419
Source:
Elliman
Added: Aug 8
Changed: Sep 30
Last Checked: Oct 9 at 9:23PM
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 Zaire Knight
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 / Yr
$118,759
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
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
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 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 7.79%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,524 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,542 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 $1,525,000.
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
