Three-Unit Building Near Graham
269 Ainslie Street Brooklyn, NY 11211
For Sale
Contact for pricing
Three-story building with multiple units and desirable location.
Property Size4,875 SF
Price / SF$861.54
Days on Market760
Property Features for 269 Ainslie Street
General Information
- Standard status
- Active
- Size
- 4,875 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing Agency:
Brown Harris Stevens
(212) 396-8244
Listed By:
Kervin Vales · License #109918089
Source:
Crexi
Added: Jun 25, 2024
Changed: Jul 6
Last Checked: Jul 23 at 12:13PM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.1k | $56.64 |
| − Vacancy | −$5.5k | −$1.13 |
| EGI | $270.6k | $55.51 |
| − OpEx | −$121.8k | −$24.98 |
| NOI | $148.8k | $30.53 |
4,875 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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.
