Turnkey Duplex with Private
For Sale
$1,950,000
573 79th Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property Size2,600 SF
Lot Size0.06 Acres
Price / SF$750
Days on Market58
Property Features for 573 79th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 5
Parking features
Garage - Attached
Interior features
A/C Unit, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Bay Ridge
Standard status
Active
Size
2,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10822
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen
(718) 612-3088
Added: Jun 8
Changed: Jul 31
Last Checked: Aug 4 at 10:06AM
MLS# 502053
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 turnkey semi-detached two-family brick duplex offers two spacious levels plus a finished basement. The first floor is approximately 20x68, with three bedrooms and one full bathroom, along with an updated eat-in kitchen, living room, and formal dining area. The second floor is approximately 20x62, also with three bedrooms and one full bathroom, an eat-in kitchen, generous living space, formal dining, and access to a private balcony. Each level has approximately 9-foot ceilings and features hardwood and tile flooring.
The basement is full and finished with a separate entrance, including a recreation room, laundry room, boiler room, and additional open space suitable for a home office or gym, plus a 3/4 bathroom. The property features separate boilers and furnaces for each unit. It sits on a 25x100 lot with an approximately 10-foot-wide shared driveway and an attached garage. The home was gut-renovated approximately seven years ago; year built is 1925. Zoning is R4-1.
The basement is full and finished with a separate entrance, including a recreation room, laundry room, boiler room, and additional open space suitable for a home office or gym, plus a 3/4 bathroom. The property features separate boilers and furnaces for each unit. It sits on a 25x100 lot with an approximately 10-foot-wide shared driveway and an attached garage. The home was gut-renovated approximately seven years ago; year built is 1925. Zoning is R4-1.
Key Highlights
- Approximately 2,600 SF duplex with approximately 20x68 first floor and approximately 20x62 second floor
- Gut‑renovated approximately seven years ago, with brick construction and approximately 9‑foot ceilings on each level
- Separate heating systems for each unit with separate boilers and furnaces
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 | $132.6k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $130.1k | $50.03 |
| − OpEx | −$39.0k | −$15.01 |
| NOI | $91.1k | $35.02 |
2,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,056 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.13M
$992.2K – $1.32M
NOI $79,375 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Gut-renovated duplex with an attached garage, separate heating systems, and a finished basement with separate entrance.
Where is this duplex located?
The property is located at 573 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 2,600 SF duplex with approximately 20x68 first floor and approximately 20x62 second floor; Gut‑renovated approximately seven years ago, with brick construction and approximately 9‑foot ceilings on each level; Separate heating systems for each unit with separate boilers and furnaces
