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MultiFamily Property at 1116 Blake Avenue in Brooklyn

MultiFamily Property at 1116 Blake Avenue in Brooklyn
FOR SALE

$1,199,000

1116 Blake Avenue, Brooklyn, NY 11208

2,520 SF

Square Feet

$476

PPSF

Property Description

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, 2-bathroom triplex, while Unit 2 consists of a 3-bedroom, 3-bathroom duplex, offering a total of 6 bedrooms and 5 full 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 Details

Asset Type

MultiFamily

Zoning

R5

Lot Size

1,800 SF

Neighborhood

East New York

ZIP

11208

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$68,206

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$5,684

Annual Debt Service

$68,206

View on Map

Address

1116 Blake Avenue

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East New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Sadya Liberow
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Sadya Liberow

Managing Partner | Investment Sales Division

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Sadya Liberow
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Sadya Liberow

Managing Partner | Investment Sales Division

33 closed

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Elan Yushuvayev

Elan Yushuvayev

Licensed Real Estate Salesperson

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