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1057 Jefferson Ave 3 Unit Apartment Building $2,350,000 ($783,333/Unit) 5.36% Cap Rate Brooklyn, NY 11221
Investment Highlights
- Free Market
- Owner Duplex
- Private Backyard
Executive Summary
Free-market three-family investment property
Built in 1915 and subsequently gut renovated
Three spacious 3-bedroom apartments
First-floor duplex features three bathrooms
Second- and third-floor apartments each feature two bathrooms
First-floor duplex delivered vacant with an exclusive private backyard—an exceptional owner-user opportunity
High ceilings throughout
Washer and dryer in every apartment
Approximately 3,000 SF building on a 20' × 100' lot
Full basement
Expansive private backyard
Original decorative fireplace
Located within a designated Opportunity Zone
Strong in-place cash flow with additional rental upside
Actual Gross Income: $137,820
R6 zoning with approximately 1,400 SF of additional buildable area
Potential Gross Income: $152,808.00
Actual NOI: $125,882.00
Potential NOI: $140,870.05
Low annual property taxes of approximately $3,431.92
Prime Bushwick location near the L train, shopping, dining, and neighborhood amenities
Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $7,435/month in rental income helps offset your monthly mortgage payment.
Built in 1915 and subsequently gut renovated
Three spacious 3-bedroom apartments
First-floor duplex features three bathrooms
Second- and third-floor apartments each feature two bathrooms
First-floor duplex delivered vacant with an exclusive private backyard—an exceptional owner-user opportunity
High ceilings throughout
Washer and dryer in every apartment
Approximately 3,000 SF building on a 20' × 100' lot
Full basement
Expansive private backyard
Original decorative fireplace
Located within a designated Opportunity Zone
Strong in-place cash flow with additional rental upside
Actual Gross Income: $137,820
R6 zoning with approximately 1,400 SF of additional buildable area
Potential Gross Income: $152,808.00
Actual NOI: $125,882.00
Potential NOI: $140,870.05
Low annual property taxes of approximately $3,431.92
Prime Bushwick location near the L train, shopping, dining, and neighborhood amenities
Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $7,435/month in rental income helps offset your monthly mortgage payment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,350,000 | Building Class | C |
| Price Per Unit | $783,333 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 5.36% | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1915/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R6 | ||
| Price | $2,350,000 |
| Price Per Unit | $783,333 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1915/2025 |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | - | - |
| 3+2 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03380-0047 | Total Assessment | $66,720 (2026) |
| Land Assessment | $12,720 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $54,000 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
03380-0047
Land Assessment
$12,720 (2026)
Improvements Assessment
$54,000 (2026)
Total Assessment
$66,720 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1057 Jefferson Ave
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