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1116 Blake ave
Brooklyn, NY 11208
Newly Completed Two-Family · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Newly completed two-family property in the East New York section of Brooklyn, with a final Certificate of Occupancy issued in 2026.
- Unit 1 consists of a 3-bedroom, 2-bathroom triplex spanning the basement, first floor, and second floor.
- Turnkey opportunity, ideal for investors seeking rental income or owner-occupants looking for a move-in-ready property.
- Brand-new construction featuring thoughtfully designed layouts and modern finishes throughout, with each unit averaging approximately 1,260 SF.
- Unit 2 features a 3- bedroom, 3-bathroom duplex occupying the upper levels of the property.
- Located in a growing Brooklyn neighborhood benefiting from continued residential development and investment.
Executive Summary
Asset CRG Advisors, LLC has been exclusively retained to market 1116 Blake Ave., a newly constructed two-family property located in the East New York neighborhood of Brooklyn. Built in 2025, the property consists of approximately 2,520 built square feet situated on a 1,800 square foot lot and is currently configured as two residential units with an average unit size of approximately 1,260 sq ft.
The units are thoughtfully designed as two duplex residences, with the ground floor and basement combined into one duplex unit and the second and third floors combined into a three-bedroom duplex apartment. Recently completed, the property received its final Certificate of Occupancy in 2026, offering a turnkey opportunity with modern construction, contemporary layouts, and minimal near-term capital requirements. Zoned R5 and located within an Opportunity Zone, the property presents an attractive investment opportunity with potential tax advantages and long term appreciation.
The units are thoughtfully designed as two duplex residences, with the ground floor and basement combined into one duplex unit and the second and third floors combined into a three-bedroom duplex apartment. Recently completed, the property received its final Certificate of Occupancy in 2026, offering a turnkey opportunity with modern construction, contemporary layouts, and minimal near-term capital requirements. Zoned R5 and located within an Opportunity Zone, the property presents an attractive investment opportunity with potential tax advantages and long term appreciation.
Property Facts
| Price Per Unit | $599,500 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,520 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R5 - Situated within an R5 residential zoning district, allowing for low- to medium-density residential development. | ||
| Price Per Unit | $599,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,520 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | R5 - Situated within an R5 residential zoning district, allowing for low- to medium-density residential development. |
Property Taxes
| Parcel Number | 04072-0024 | Improvements Assessment | $51,720 |
| Land Assessment | $10,020 | Total Assessment | $61,740 |
Property Taxes
Parcel Number
04072-0024
Land Assessment
$10,020
Improvements Assessment
$51,720
Total Assessment
$61,740
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