Three-Unit Building Near Graham
For Sale
Contact for pricing
269 Ainslie Street, Brooklyn, NY 11211
Three-story building with multiple units and desirable location.
Property Size4,875 SF
Price / SF$861.54
Days on Market856
Property Features for 269 Ainslie Street
General Information
Standard status
Active
Size
4,875 SF
Class
A
Property subtype
Multifamily
Zoning
R6B
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$222,237
Building Details
Year Built
1920
Year Renovated
2016
Buildings
1
Stories
3
Units
3
Listing Agency:
Brown Harris Stevens
Listed By:
Kervin Vales · License #109918089
(917) 564-5242
Source:
Crexi
Added: Jun 25, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:20AM
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 Brown Harris Stevens
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Investment Insights
Based on property information with market context.
This 25-foot wide, three-story building contains three units. The ground floor apartment features two bedrooms, a full bathroom, a living/dining area, and a full kitchen, with access to the backyard. The second and third floors each contain a three-bedroom, floor-through apartment. The basement includes a studio apartment with a full kitchen and bathroom. A carriage house at the back of the property contains a three-bedroom apartment with two full bathrooms. The apartments feature wood floors, spacious bedrooms with closets, and kitchens equipped with stainless steel appliances, a washer and dryer, microwave, and dishwasher. Each apartment includes a full bathroom and a half bathroom, along with a living/dining area. Common hallway storage closets are available. Each apartment is individually metered for gas and electric. The property is located one block from Graham Avenue, which offers restaurants and retail stores. The L train is accessible at Graham Avenue & Metropolitan Avenue. The building presents an opportunity for an owner-occupier to live in the ground floor apartment and rent out the upper two floors. The property size is 4875 square feet.
Key Highlights
- 25' wide three‑unit building plus a carriage house apartment.
- Located one block from Graham Avenue restaurants, retail, and the L train.
- Ground floor two‑bedroom apartment with backyard access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,829
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,976,580
$3.0M
Cap Rate 7%
$2,126,129
$2.1M
Cap Rate 9%
$1,653,656
$1.7M
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$276.1K $56.64/SF
− Vacancy
−$5.5K −$1.13/SF
EGI
$270.6K $55.51/SF
− OpEx
−$121.8K −$24.98/SF
NOI
$148.8K $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%
$2,976,580
Cap Rate 7%
$2,126,129
Cap Rate 9%
$1,653,656
Alternative Uses
Best Use
Apartment 5plus
$2.13M
$1.86M – $2.48M
NOI $148,829 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.04M
$3.53M – $4.71M
NOI $282,555 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,934
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story building with multiple units and desirable location.
Where is this apartment building located?
The property is located at 269 Ainslie Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 25' wide three‑unit building plus a carriage house apartment.; Located one block from Graham Avenue restaurants, retail, and the L train.; Ground floor two‑bedroom apartment with backyard access.
