Three-Family Residential
219 Cornelia Street Brooklyn, NY 11221
For Sale
$1,399,999
MULTI_FAMILY - Brooklyn, NY
Property Size2,565 SF
Lot Size0.04 Acres
Price / SF$545.81
Days on Market47
Property Features for 219 Cornelia Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1
- Interior features
- A/C Unit, A/C Unit - Wall
- Basement
- Unfinished
- Standard status
- Active
- Size
- 2,565 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3834
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Block
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Michael Chindemi
(929) 469-5800
Added: Jun 10
Changed: Jul 12
Last Checked: Jul 26 at 7:06PM
MLS# 502191
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
219 Cornelia Street is a three-family residential building offering a total of 2,565 square feet. The property is described as having 5 bedrooms and 3 bathrooms across the three units, along with an expansive outdoor area that can support entertaining, gardening, or personal outdoor use.
Located in Brooklyn, the listing highlights convenient transit access to the L train at Jefferson Street and the M train at Central Avenue. Showings are by appointment.
This configuration can fit buyers looking for an owner-occupant setup, where one unit is used while other units help offset housing costs, as well as investors pursuing a multi-unit arrangement. With outdoor space and a well-defined three-family structure, the property offers a straightforward residential income-versus-occupancy option within an R6 zoning context.
Located in Brooklyn, the listing highlights convenient transit access to the L train at Jefferson Street and the M train at Central Avenue. Showings are by appointment.
This configuration can fit buyers looking for an owner-occupant setup, where one unit is used while other units help offset housing costs, as well as investors pursuing a multi-unit arrangement. With outdoor space and a well-defined three-family structure, the property offers a straightforward residential income-versus-occupancy option within an R6 zoning context.
Key Highlights
- 219 Cornelia Street three‑family property in Bushwick
- Over 2,500 sq ft of living space with 5 bedrooms and 3 bathrooms
- Expansive outdoor area for entertaining, gardening, or a private outdoor space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.8k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $128.3k | $50.03 |
| − OpEx | −$38.5k | −$15.01 |
| NOI | $89.8k | $35.02 |
2,565 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,831 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$1.12M
$978.8K – $1.31M
NOI $78,307 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.48M
NOI $148,667 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-family property with outdoor space and multiple bedrooms and bathrooms, offering flexible owner-occupant or investor use.
Where is this triplex located?
The property is located at 219 Cornelia Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: 219 Cornelia Street three‑family property in Bushwick; Over 2,500 sq ft of living space with 5 bedrooms and 3 bathrooms; Expansive outdoor area for entertaining, gardening, or a private outdoor space
