Renovated Two-Family
For Sale
$2,390,000
153 Ainslie Street, Brooklyn, NY 11211
Three-story townhouse with restored period details, upgraded systems, two kitchens, and direct access to a private backyard garden.
Property Size2,736 SF
Price / SF$873.54
Days on Market8
Property Features for 153 Ainslie Street
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,768
Building Details
Building Size
2,736 SF
Year Built
1901
Buildings
1
Stories
3
Listing Agency:
Compass
Listed By:
Takeshi Yamaguchi
(212) 913-9058
Source:
Howardhannanyc
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 21 at 8:08AM
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.
This three-story townhouse is configured as a single-family residence while remaining a legal two-family property under its Certificate of Occupancy. Built in 1901, it contains 2,736 interior square feet plus a full cellar. The home retains original architectural elements including transom windows, French doors, bay window alcoves, wainscoting, pressed-tin and decorative ceilings, crown molding, and period bathroom fixtures. New engineered hickory flooring extends throughout the residence.
The parlor level includes a renovated kitchen with an island, six-burner gas range, refrigerator, dishwasher, dining room, parlor, living room, and restored full bath. The upper floor has two bedroom suites, an additional sitting room, dressing room, and another full bath. A separate garden-level kitchen, lounge, bedroom, bathroom, and laundry hookups support flexible occupancy. Direct garden access leads to a deep backyard with mature trees. The cellar provides storage and houses the laundry, water heaters, and central heating boiler. Electrical and plumbing systems have been upgraded, along with roof insulation and garden-floor street-facing windows.
The parlor level includes a renovated kitchen with an island, six-burner gas range, refrigerator, dishwasher, dining room, parlor, living room, and restored full bath. The upper floor has two bedroom suites, an additional sitting room, dressing room, and another full bath. A separate garden-level kitchen, lounge, bedroom, bathroom, and laundry hookups support flexible occupancy. Direct garden access leads to a deep backyard with mature trees. The cellar provides storage and houses the laundry, water heaters, and central heating boiler. Electrical and plumbing systems have been upgraded, along with roof insulation and garden-floor street-facing windows.
Key Highlights
- Legal two‑family residence per Certificate of Occupancy, currently arranged as a single‑family home
- 2,736 interior square feet across three stories, plus a full cellar
- Built in 1901 with original period details and restored historic bathrooms
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
$95,819
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
4.01%
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%
$1,916,380
$1.9M
Cap Rate 7%
$1,368,843
$1.4M
Cap Rate 9%
$1,064,656
$1.1M
Market Conditions
NOI Build-Up for 2,736 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
$139.5K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$136.9K $50.03/SF
− OpEx
−$41.1K −$15.01/SF
NOI
$95.8K $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%
$1,916,380
Cap Rate 7%
$1,368,843
Cap Rate 9%
$1,064,656
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,819 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,527 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$2.27M
$1.98M – $2.64M
NOI $158,579 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-story townhouse with restored period details, upgraded systems, two kitchens, and direct access to a private backyard garden.
Where is this duplex located?
The property is located at 153 Ainslie Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Legal two‑family residence per Certificate of Occupancy, currently arranged as a single‑family home; 2,736 interior square feet across three stories, plus a full cellar; Built in 1901 with original period details and restored historic bathrooms
