Renovated Five-Unit Apartment
256 JEFFERSON Avenue, Brooklyn, NY 11216
For Sale
$4,499,999
Five-story residential property with one apartment per floor, preserved period details, updated systems, and private outdoor areas.
Property Size5,200 SF
Price / SF$865.38
Days on Market60
Property Features for 256 JEFFERSON Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garden
private deck
in-unit washer/dryer
custom window shades
Fios readiness
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Serhant
Listed By:
Jason L Baker
(850) 321-2288
Source:
Penrealty
Added: Sep 16
Changed: Nov 13
Last Checked: Nov 12 at 1:48PM
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 Serhant
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Investment Insights
Based on property information with market context.
This fully renovated five-unit apartment building contains five full stories and approximately 5,200 SF, with one residence on each floor. The 20-foot-wide brownstone retains decorative fireplace mantels, tilework, pocket doors, crown moldings, stained-glass windows, and a restored period facade. Modern improvements include new plumbing and electrical systems, Mitsubishi multi-zone heat-pump HVAC, in-unit washers and dryers, individually controlled heating and cooling, custom window shades, and Fios readiness.
Outdoor features include a renovated garden with bluestone paving and cedar fencing, plus a private third-floor deck with skyline views. The property also includes a 1,200 SF cellar that offers additional storage space and future finishing potential. Located on Jefferson Avenue within the Bedford Historic District, the building is near neighborhood restaurants, bars, cafés, and other amenities. The A and C trains at Nostrand Avenue are described as a 5 minute stroll away, with approximately 20-minute access to lower Manhattan.
Outdoor features include a renovated garden with bluestone paving and cedar fencing, plus a private third-floor deck with skyline views. The property also includes a 1,200 SF cellar that offers additional storage space and future finishing potential. Located on Jefferson Avenue within the Bedford Historic District, the building is near neighborhood restaurants, bars, cafés, and other amenities. The A and C trains at Nostrand Avenue are described as a 5 minute stroll away, with approximately 20-minute access to lower Manhattan.
Key Highlights
- Five‑story, five‑unit apartment building with approximately 5,200 SF
- 20‑foot‑wide brownstone with one residence per floor
- Fully renovated with new plumbing, electrical, and Mitsubishi multi‑zone heat‑pump HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,751
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,175,020
$3.2M
Cap Rate 7%
$2,267,871
$2.3M
Cap Rate 9%
$1,763,900
$1.8M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$294.5K $56.64/SF
− Vacancy
−$5.9K −$1.13/SF
EGI
$288.6K $55.51/SF
− OpEx
−$129.9K −$24.98/SF
NOI
$158.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,175,020
Cap Rate 7%
$2,267,871
Cap Rate 9%
$1,763,900
Alternative Uses
Best Use
Apartment 5plus
$2.27M
$1.98M – $2.65M
NOI $158,751 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.31M
$3.77M – $5.02M
NOI $301,392 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,055
Businesses Nearby
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Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-story residential property with one apartment per floor, preserved period details, updated systems, and private outdoor areas.
Where is this apartment building located?
The property is located at 256 JEFFERSON Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,499,999.
What are key features of this property?
This property features: Five‑story, five‑unit apartment building with approximately 5,200 SF; 20‑foot‑wide brownstone with one residence per floor; Fully renovated with new plumbing, electrical, and Mitsubishi multi‑zone heat‑pump HVAC systems
