Brick Two-Family Corner
365 E 59th Street Brooklyn, NY 11203
For Sale
$850,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,785 SF
Lot Size0.05 Acres
Price / SF$476.19
Days on Market37
Property Features for 365 E 59th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
Basement
Full, Finished
Standard status
Active
Size
1,785 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6675
Building Details
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Remax Top Nest Real Estate
(646) 828-6378
Listed By:
Yan Byshevsky
(646) 828-6378
Added: Jun 22
Changed: Jul 11
Last Checked: Jul 28 at 6:06AM
MLS# 502454
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 brick two-family corner home was built in 1945 and offers a flexible layout designed for either an owner-occupant or an investor. The main unit includes two bedrooms, a full bathroom, and a large living space with room for updates, with wood floors and some carpeting on the upper level. A second unit on the lower level provides a one-bedroom configuration with its own kitchen, living area, and a three-quarter bathroom.
Parking is available on site, with a private driveway and additional parking in the rear of the home, accessed via Clarendon Road. The property is located near shops, markets, and other conveniences along Ralph Avenue. Public transportation is nearby, with the B47 bus on Clarendon Road and the B8 service nearby on Beverly Road.
Delivered vacant at closing, the home supports a straightforward transition for a buyer looking to move in and/or reconfigure the interior over time. With two self-contained living setups, it can also appeal to operators who want to manage separate units within one building, while maintaining on-site parking access for tenants or household members.
Parking is available on site, with a private driveway and additional parking in the rear of the home, accessed via Clarendon Road. The property is located near shops, markets, and other conveniences along Ralph Avenue. Public transportation is nearby, with the B47 bus on Clarendon Road and the B8 service nearby on Beverly Road.
Delivered vacant at closing, the home supports a straightforward transition for a buyer looking to move in and/or reconfigure the interior over time. With two self-contained living setups, it can also appeal to operators who want to manage separate units within one building, while maintaining on-site parking access for tenants or household members.
Key Highlights
- Brick two‑family corner home built in 1945 with approx. 1,785 SF of living space
- Flexible layout with a 2‑bedroom main unit and a lower‑level 1‑bedroom unit with its own kitchen
- Main unit includes wood floors and a full bathroom; lower unit includes a three‑quarter bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.0k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $89.3k | $50.03 |
| − OpEx | −$26.8k | −$15.01 |
| NOI | $62.5k | $35.02 |
1,785 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$893.1K
$781.4K – $1.04M
NOI $62,514 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$778.5K
$681.2K – $908.2K
NOI $54,494 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,459 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences plus private driveway parking, delivered vacant at closing for immediate occupancy planning.
Where is this duplex located?
The property is located at 365 E 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brick two‑family corner home built in 1945 with approx. 1,785 SF of living space; Flexible layout with a 2‑bedroom main unit and a lower‑level 1‑bedroom unit with its own kitchen; Main unit includes wood floors and a full bathroom; lower unit includes a three‑quarter bathroom
