1116 Blake ave - Apartments FOR SALE


Brooklyn, NY 11208- East New York
$1,199,000 USD
347-762-4055
1116 Blake ave, Brooklyn, NY for Sale
$1,199,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1116 Blake ave
Brooklyn, NY 11208
East New York


HIGHLIGHTS

  • Newly completed two-family property in the East New York section of Brooklyn, with a final Certificate of Occupancy issued in 2026.
  • Brand-new construction featuring thoughtfully designed layouts and modern finishes throughout, with each unit averaging approximately 1,260 SF.
  • Unit 1 consists of a 3-bedroom, 2-bathroom triplex spanning the basement, first floor, and second floor.
  • Unit 2 features a 3- bedroom, 3-bathroom duplex occupying the upper levels of the property.
  • Turnkey opportunity, ideal for investors seeking rental income or owner-occupants looking for a move-in-ready property.
  • Located in a growing Brooklyn neighborhood benefiting from continued residential development and investment.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

2

PRICE/UNIT

$599,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newly Completed Two-Family

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,831 SF

ZONING

R5

APN/PARCEL ID

04072-0024

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
347-762-4055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sadya LiberowAsset CRG Advisors LLCMore Info
347-762-4055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.