Renovated Duplex with Finished
For Sale
$1,695,000
274 Bleecker Street TWN, Brooklyn, NY 11237
Two-family townhouse with a finished lower level and private backyard in Bushwick, Brooklyn.
Property Size2,790 SF
Price / SF$605.79
Days on Market56
Property Features for 274 Bleecker Street TWN
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,116
Amenities
backyard
Building Details
Building Size
2,790 SF
Year Built
1920
Buildings
1
Listing Agency:
OUTLIVE
Listed By:
Zachary K Barden
(914) 343-8769
Source:
Serhant
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 25 at 12:00AM
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 OUTLIVE
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Investment Insights
Based on property information with market context.
This renovated duplex townhouse contains 2,798 square feet, with a finished basement and backyard. Built in 1920, the property is configured for two families and offers a townhouse format with additional finished lower-level space.
The property is located at 274 Bleecker St TWN in Bushwick, Brooklyn, NY 11237. WalkScore and bikeScore are both 86, while transitScore is 98, placing the property within a highly walkable, bike-friendly, and transit-oriented setting.
The property is located at 274 Bleecker St TWN in Bushwick, Brooklyn, NY 11237. WalkScore and bikeScore are both 86, while transitScore is 98, placing the property within a highly walkable, bike-friendly, and transit-oriented setting.
Key Highlights
- Renovated two‑family townhouse configuration
- 2,798 Sq Ft building with finished basement
- Private backyard included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,991
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,959,820
$2.0M
Cap Rate 7%
$1,399,871
$1.4M
Cap Rate 9%
$1,088,789
$1.1M
Market Conditions
NOI Build-Up for 2,798 SF
Gross rent
$142.7K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$140.0K $50.03/SF
− OpEx
−$42.0K −$15.01/SF
NOI
$98.0K $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 Rate 5%
$1,959,820
Cap Rate 7%
$1,399,871
Cap Rate 9%
$1,088,789
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.22M – $1.63M
NOI $97,991 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,420 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,172 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,989
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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?
Duplex - Two-family townhouse with a finished lower level and private backyard in Bushwick, Brooklyn.
Where is this duplex located?
The property is located at 274 Bleecker Street TWN Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Renovated two‑family townhouse configuration; 2,798 Sq Ft building with finished basement; Private backyard included
