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Brooklyn Multifamily Investment Opportunity

361 59th Street, Brooklyn, NY 11220

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For Sale

$1,388,000

MULTI_FAMILY - Brooklyn, NY

Property size:

3,201 SF

Lot size:

0.05 Acres

Price / SF:

$433/SF

HighLights

6‑family solid brick building (21x60) on a 21x100 lot in Sunset Park
Six 1‑bedroom apartments, all described as move‑in condition
Gross annual rental income listed as $110,749; tenants stated to be at or about paying fair market rents
Flat roof; block and brick construction
Full basement with access from the building
Year built: 1906

We can help!

Contact an agent

Anthony Frazzetta

For Sale

$1,388,000

MULTI_FAMILY - Brooklyn, NY

Property size:

3,201 SF

Lot size:

0.05 Acres

Price / SF:

$433/SF

Added:: Jul 1, 2025
Days on Market:: 360
Last Refresh:: Jun 25 at 5:06 am

Property Features for 361 59th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R6A
Bathrooms: 6
Rooms: Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 3
Basement: Full
Standard status: Active
Size: 3,201 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 10283

Building Details

Year built: 1906
Number of units: 6
Flooring type: Tile, Laminate
Building materials: Block, Brick
Roof type: Flat

We can help!

Contact an agent

Anthony Frazzetta

Listing agent Anthony Frazzetta

Listing office Century 21 Realty First 6806 18th Avenue, Brooklyn, NY

Listing date Jul 1, 2025

MLS# 493898 Listing URL

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.

HighLights

6‑family solid brick building (21x60) on a 21x100 lot in Sunset Park
Six 1‑bedroom apartments, all described as move‑in condition
Gross annual rental income listed as $110,749; tenants stated to be at or about paying fair market rents
Flat roof; block and brick construction
Full basement with access from the building
Year built: 1906

Overview

This is a six-family solid brick building located in the Sunset Park neighborhood of Brooklyn. The building, situated on a 21x100 lot, has dimensions of 21x60. It features six one-bedroom apartments, all in move-in condition, and a full basement. The property is zoned R6A. The building is located close to shopping and transportation options on 4th and 5th Avenues, and near the N and R train subway station. The property generates a gross annual rental income of $110,749, with tenants paying at or near fair market rents. The property size is 3,201 square feet and the lot size is 0.0471 acres. The annual taxes are $10,283.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$161.3k	$50.40
− Vacancy	−$6.1k	−$1.92
EGI	$155.2k	$48.48
− OpEx	−$69.8k	−$21.82
NOI	$85.4k	$26.67

3,201 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,360 @ 7.0% cap · market cap 6.15%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.08M

$1.82M – $2.42M (±1% cap)

NOI $145,259 @ 7.0% cap · market cap 10.47%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -74.018234
Latitude: 40.641954

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For sale
Apartment buildings
NY
Brooklyn
11220
361 59th Street

What type of property is this?

Apartment building - Six-unit building in Sunset Park near transportation and shopping.

Where is this apartment building located?

The property is located at 361 59th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,388,000.

What are key features of this property?

This property features: 6‑family solid brick building (21x60) on a 21x100 lot in Sunset Park; Six 1‑bedroom apartments, all described as move‑in condition; Gross annual rental income listed as $110,749; tenants stated to be at or about paying fair market rents

361 59th Street, Brooklyn, NY 11220

MULTI_FAMILY - Brooklyn, NY

Property Features for 361 59th Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

First-Floor and Cellar Commercial Condo

NNN Retail Strip with Parking

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Incomplete Renovation Church Conversion

Luxury Atelier & Designer Showroom

Prime Kings Highway Commercial Unit

Automotive Repair Facility

Prime Corner Commercial Brooklyn Building

Medical Condo in Bensonhurst, Brooklyn

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