Residential Income Property with
For Sale
$899,000
259 AINSLIE Street 7, Brooklyn, NY 11211
Duplex-style residence features a south-facing main living area, an upstairs bonus room, and in-unit laundry.
Property Size950 SF
Price / SF$946.32
Days on Market22
Property Features for 259 AINSLIE Street 7
General Information
Standard status
Active
Size
950 SF
Property subtype
Duplex
Units
Unit Mix
1 x convertible one-bedroom
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$192
Amenities
private terrace
bonus room
floor-to-ceiling windows
stainless steel appliances
maple hardwood floors
in-unit washer/dryer
floor-to-ceiling tiled bathroom
linen closet
generous storage
central air conditioning and heating
Building Details
Building Size
950 SF
Year Built
2010
Stories
4
Listing Agency:
Corcoran Group
Listed By:
Juan Carlos Vasquez
(850) 445-2933
Source:
Bondnyre
Added: Oct 6
Changed: Oct 26
Last Checked: Oct 26 at 9:49PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 950-square-foot residence is arranged across two levels, with an upstairs bonus room currently set up as a bedroom. South-facing floor-to-ceiling windows bring natural light into the main living area, while maple hardwood floors run throughout. The kitchen has stainless steel appliances, and the unit includes a tiled bathroom, linen closet, storage, central heating and air conditioning, and an in-unit GE washer and dryer. A private terrace extends the living space outdoors.
The residence is in a four-story building on a tree-lined block in Williamsburg, with the Graham L train stop a short distance away. A tax abatement runs through 2036.
The residence is in a four-story building on a tree-lined block in Williamsburg, with the Graham L train stop a short distance away. A tax abatement runs through 2036.
Key Highlights
- 950‑square‑foot duplex‑style residence with an upstairs bonus room currently configured as a bedroom
- Private terrace and south‑facing floor‑to‑ceiling windows
- In‑unit GE washer and dryer; central heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,003
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,060
$580.1K
Cap Rate 7%
$414,329
$414.3K
Cap Rate 9%
$322,256
$322.3K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$53.8K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$52.7K $55.51/SF
− OpEx
−$23.7K −$24.98/SF
NOI
$29.0K $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%
$580,060
Cap Rate 7%
$414,329
Cap Rate 9%
$322,256
Alternative Uses
Best Use
Apartment 5plus
$414.3K
$362.5K – $483.4K
NOI $29,003 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$786.6K
$688.3K – $917.7K
NOI $55,062 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,934
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex-style residence features a south-facing main living area, an upstairs bonus room, and in-unit laundry.
Where is this residential income property located?
The property is located at 259 AINSLIE Street 7 Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 950‑square‑foot duplex‑style residence with an upstairs bonus room currently configured as a bedroom; Private terrace and south‑facing floor‑to‑ceiling windows; In‑unit GE washer and dryer; central heating and air conditioning
