Two-Unit Brick Duplex with
For Sale
$1,495,000
Pending
1475 Jefferson Avenue, Brooklyn, NY 11237
Two residential units span two stories with a full basement and original wood detailing in Bushwick, Brooklyn.
Property Size3,300 SF
Days on Market79
Property Features for 1475 Jefferson Avenue
General Information
Standard status
Pending
Size
3,300 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,929
Building Details
Building Size
3,300 SF
Year Built
1901
Listing Agency:
Elite Real Estate Group 1 LLC
Listed By:
Anne Gershkowitz
(718) 684-6642
Source:
Serhant
Added: Aug 11
Changed: Oct 25
Last Checked: Oct 28 at 4:57PM
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 Elite Real Estate Group 1 LLC
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Investment Insights
Based on property information with market context.
This two-family brick duplex contains approximately 3,300 square feet on a 2,000-square-foot lot. The layout includes two residential units over two stories, along with a full basement. Original wood floors, stair components, and moldings remain in place, and the property is offered as-is. Built in 1901, the residence retains traditional row-house character and scale.
The property is located at 1475 Jefferson Avenue in Bushwick, Brooklyn, with access to Manhattan and nearby Brooklyn neighborhoods. The surrounding area is identified with street art, galleries, restaurants, cafés, nightlife, and a diverse cultural scene. The configuration supports owner occupancy, multigenerational living, or an income-producing residential strategy, subject to the buyer’s plans and applicable requirements.
The property is located at 1475 Jefferson Avenue in Bushwick, Brooklyn, with access to Manhattan and nearby Brooklyn neighborhoods. The surrounding area is identified with street art, galleries, restaurants, cafés, nightlife, and a diverse cultural scene. The configuration supports owner occupancy, multigenerational living, or an income-producing residential strategy, subject to the buyer’s plans and applicable requirements.
Key Highlights
- Two residential units across two stories with a full basement
- Approximately 3,300 square feet of building area on a 2,000‑square‑foot lot
- Original wood floors, stair components, and moldings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $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%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,258
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units span two stories with a full basement and original wood detailing in Bushwick, Brooklyn.
Where is this duplex located?
The property is located at 1475 Jefferson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two residential units across two stories with a full basement; Approximately 3,300 square feet of building area on a 2,000‑square‑foot lot; Original wood floors, stair components, and moldings
