Two-Family Brick
For Sale
$999,000
201 E 59th Street, Brooklyn, NY 11203
Residential, Brooklyn, NY
Property Size920 SF
Lot Size0.05 Acres
Price / SF$1,085
Days on Market82
Property Features for 201 E 59th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
920 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3890
Building Details
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Excell Choice Realty
(718) 705-4646
Listed By:
Kwesi Cunningham
(718) 345-4545
Added: Jul 4
Changed: Sep 22
Last Checked: Sep 23 at 2:06AM
MLS# 502778
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family brick residence contains a three-bedroom duplex and a separate three-bedroom apartment. The duplex includes a living room, dining area, kitchen, and half bath on the main level, with three bedrooms and a full bathroom upstairs. The second unit provides three bedrooms and one full bathroom.
A full finished basement adds two finished rooms and another full bath. The property occupies 0.0459 acres and includes 920 square feet of property size as reported. Interior features include a refrigerator and stove, with hardwood flooring and a flat roof. A backyard provides additional outdoor space. The home is located in East Flatbush, Brooklyn, near restaurants, shopping, a gym, and other amenities.
A full finished basement adds two finished rooms and another full bath. The property occupies 0.0459 acres and includes 920 square feet of property size as reported. Interior features include a refrigerator and stove, with hardwood flooring and a flat roof. A backyard provides additional outdoor space. The home is located in East Flatbush, Brooklyn, near restaurants, shopping, a gym, and other amenities.
Key Highlights
- Two‑family configuration with a three‑bedroom duplex and separate three‑bedroom unit
- Full finished basement with 2 finished rooms and a full bath
- 0.0459‑acre lot in East Flatbush, Brooklyn
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,400
$644.4K
Cap Rate 7%
$460,286
$460.3K
Cap Rate 9%
$358,000
$358.0K
Market Conditions
NOI Build-Up for 920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.9K $51.00/SF
− Vacancy
−$891 −$0.97/SF
EGI
$46.0K $50.03/SF
− OpEx
−$13.8K −$15.01/SF
NOI
$32.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,400
Cap Rate 7%
$460,286
Cap Rate 9%
$358,000
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.8K – $537.0K
NOI $32,220 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$401.2K
$351.1K – $468.1K
NOI $28,087 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$761.8K
$666.5K – $888.7K
NOI $53,323 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R5-zoned residential property with two three-bedroom units, finished basement space, and a backyard.
Where is this duplex located?
The property is located at 201 E 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family configuration with a three‑bedroom duplex and separate three‑bedroom unit; Full finished basement with 2 finished rooms and a full bath; 0.0459‑acre lot in East Flatbush, Brooklyn
