Two-Family Townhouse with
For Sale
$1,268,888
934 Jefferson Avenue, Brooklyn, NY 11221
Residential, Brooklyn, NY
Property Size2,856 SF
Lot Size0.05 Acres
Price / SF$444.29
Days on Market125
Property Features for 934 Jefferson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3
Interior features
Dishwasher, Garage Door Opener(s), Laundry Area, Refrigerator, Stove
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
2,856 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8789
Amenities
in-unit washer/dryer hookups
backyard
eat-in kitchen
Building Details
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Ricky Tam
(718) 680-6442
Added: May 21
Changed: Sep 20
Last Checked: Sep 22 at 7:06PM
MLS# 501637
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.
This 2,856-square-foot wood-frame townhouse contains two residential units and will be delivered vacant. The owner’s duplex includes three bedrooms, two bathrooms, a living room, an eat-in kitchen, a primary bedroom, two additional bedrooms, and access to the backyard. The upper unit offers two bedrooms with an open living and kitchen arrangement. Hardwood and tile flooring, updated cabinetry, kitchen appliances, and separate laundry hookups are included across the property.
Each unit has separate utilities and its own furnace or boiler room. The property also provides two private parking spaces. Located near the J, Z, and M subway lines, the townhouse is close to cafes, restaurants, and other local amenities in Bedford-Stuyvesant.
Each unit has separate utilities and its own furnace or boiler room. The property also provides two private parking spaces. Located near the J, Z, and M subway lines, the townhouse is close to cafes, restaurants, and other local amenities in Bedford-Stuyvesant.
Key Highlights
- Two‑unit townhouse delivered vacant
- 2,856 square feet on a 0.0465‑acre lot
- Owner’s duplex includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,022
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,000,440
$2.0M
Cap Rate 7%
$1,428,886
$1.4M
Cap Rate 9%
$1,111,356
$1.1M
Market Conditions
NOI Build-Up for 2,856 SF
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.
Gross rent
$145.7K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$142.9K $50.03/SF
− OpEx
−$42.9K −$15.01/SF
NOI
$100.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,000,440
Cap Rate 7%
$1,428,886
Cap Rate 9%
$1,111,356
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,022 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,191 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$2.36M
$2.07M – $2.76M
NOI $165,534 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,662
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit townhouse with private parking, separate utilities, laundry hookups, and backyard access.
Where is this duplex located?
The property is located at 934 Jefferson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,268,888.
What are key features of this property?
This property features: Two‑unit townhouse delivered vacant; 2,856 square feet on a 0.0465‑acre lot; Owner’s duplex includes 3 bedrooms and 2 bathrooms
