MultiFamily Property at 1116 Blake Avenue in Brooklyn
$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.