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Newly Completed Two-Family 1116 Blake ave 2 Unit Apartment Building $1,199,000 ($599,500/Unit) Brooklyn, NY 11208
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, 4-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 in the East New York neighborhood of Brooklyn. Completed in 2025 with a final Certificate of Occupancy issued in 2026, the property consists of approximately 2,520 square feet across three stories on an 1,800-square-foot lot.
The property is configured as two spacious residences averaging approximately 1,260 square feet each. Unit 1 features a 3-bedroom, 4-bathroom triplex, while Unit 2 consists of a 3-bedroom, 3-bathroom duplex, offering a total of 6 bedrooms and 7 bathrooms. Modern finishes, open layouts, and quality construction create a true turnkey opportunity for both investors and owner-occupants.
Whether you’re looking to generate rental income, live in one unit while renting the other, or add a low-maintenance asset to your portfolio, 1116 Blake Avenue offers exceptional flexibility and long-term value. Located in a growing Brooklyn neighborhood within an Opportunity Zone, this move-in-ready property presents a rare chance to acquire new construction without the costs and uncertainty of renovations.
The property is configured as two spacious residences averaging approximately 1,260 square feet each. Unit 1 features a 3-bedroom, 4-bathroom triplex, while Unit 2 consists of a 3-bedroom, 3-bathroom duplex, offering a total of 6 bedrooms and 7 bathrooms. Modern finishes, open layouts, and quality construction create a true turnkey opportunity for both investors and owner-occupants.
Whether you’re looking to generate rental income, live in one unit while renting the other, or add a low-maintenance asset to your portfolio, 1116 Blake Avenue offers exceptional flexibility and long-term value. Located in a growing Brooklyn neighborhood within an Opportunity Zone, this move-in-ready property presents a rare chance to acquire new construction without the costs and uncertainty of renovations.
Property Facts
| Price | $1,199,000 | Building Class | C |
| 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
|
| Zoning | R5 - Situated within an R5 residential zoning district, allowing for low- to medium-density residential development. | ||
| Price | $1,199,000 |
| 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. |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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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Newly Completed Two-Family | 1116 Blake ave
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