Bensonhurst Six-Family Brick
59 Bay 22nd Street Brooklyn, NY 11214
59 Bay 22nd Street, Brooklyn, NY, 11214
$1,478,000
For Sale
$1,478,000
MULTI_FAMILY - Brooklyn, NY
Property Size5,544 SF
Lot Size0.07 Acres
Price / SF$266.59
Days on Market299
Property Features for 59 Bay 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bathroom 1, Bedroom 10, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 11, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 9
- Interior features
- Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 5,544 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 22593
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat, Rubber
Listing Agency
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
8418 3rd Ave, Brooklyn, NY
Listed by
Anthony Mussolino
(718) 680-6442
Added: Sep 22, 2025 Checked: Jul 17 at 2:06 pm
MLS# 495901
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.
Investment Insights
Based on property information with market context.
This semi-detached brick building in Brooklyn's Bensonhurst neighborhood features six apartments: five two-bedroom units and one one-bedroom unit. The property is located steps from the 86th Street corridor, with access to local and express buses and the D train. Built in 1925, the building is described as well-maintained and offers a potential investment opportunity. The basement has front and rear entrances. The roof is eight years old, and the heating system is six years old. The lot measures 31 feet by 97 feet, while the house size is 24 feet by 77 feet, totaling over 5,500 square feet, plus the basement. The property is zoned R5. The annual rent roll is $94,200, with upcoming increases. The property may be suitable for a 1031 Exchange. Taxes are $22,593.
Key Highlights
- Extra‑wide brick 6‑family semi‑detached building with 5 two‑bedroom apartments and 1 one‑bedroom apartment
- Lot size 31' x 97' with approx. 24' x 77' house size (over 5,500 sq. ft.) plus basement
- Annual rent roll of $94,200 with increases coming up
Local Financial Insights For Apartment 5plus
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 | $256.1k | $46.20 |
| − Vacancy | −$9.7k | −$1.76 |
| EGI | $246.4k | $44.44 |
| − OpEx | −$110.9k | −$20.00 |
| NOI | $135.5k | $24.44 |
5,544 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.69M – $2.26M
NOI $135,520 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,387 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1031 exchange properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained investment property near 86th Street corridor in Brooklyn.
Where is this apartment building located?
The property is located at 59 Bay 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,478,000.
What are key features of this property?
This property features: Extra‑wide brick 6‑family semi‑detached building with 5 two‑bedroom apartments and 1 one‑bedroom apartment; Lot size 31' x 97' with approx. 24' x 77' house size (over 5,500 sq. ft.) plus basement; Annual rent roll of $94,200 with increases coming up
