Duplex with Finished
For Sale
$725,000
590 Elton Street, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size1,560 SF
Lot Size0.03 Acres
Price / SF$464.74
Days on Market55
Property Features for 590 Elton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3
Patio and Porch features
Patio
Interior features
Entrance Foyer
Fencing
Fenced
Subdivision
East New York
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #19
Directions
Dumont Avenue to Elton Street
Standard status
Active
Size
1,560 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2218
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Vinyl Siding, Stucco, Brick
Roof type
Flat
Listing Agency:
BUY RITE HOME SALES INC
Listed By:
Rj Santiago
(718) 322-4700
Added: Jul 30
Changed: Sep 19
Last Checked: Sep 22 at 3:06AM
MLS# 11910936
Copyright © 2026 My State MLS. 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 duplex contains two residential apartments arranged as a one-bedroom unit over a two-bedroom unit, with a finished basement that adds recreational space. The home totals 1,560 square feet on a 0.03-acre lot and dates to 1901. Interior details include hardwood and tile flooring, an entrance foyer, two bathrooms, natural-gas steam heat, and a patio. The exterior combines vinyl siding, stucco, and brick, with a flat roof, fencing, and public water service.
The property is in Brooklyn, NY, near New Lots Avenue train station, with access toward Manhattan and Downtown Brooklyn. Gateway Center, Highland Park, the Belt Parkway, and JFK Airport are also identified in the surrounding area.
The property is in Brooklyn, NY, near New Lots Avenue train station, with access toward Manhattan and Downtown Brooklyn. Gateway Center, Highland Park, the Belt Parkway, and JFK Airport are also identified in the surrounding area.
Key Highlights
- Two‑family duplex with a 1‑bedroom apartment above a 2‑bedroom apartment
- Finished basement provides additional recreational space
- 1,560 square feet on a 0.03‑acre lot
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
$40,046
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
5.52%
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%
$800,920
$800.9K
Cap Rate 7%
$572,086
$572.1K
Cap Rate 9%
$444,956
$445.0K
Market Conditions
NOI Build-Up for 1,560 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
$59.9K $38.40/SF
− Vacancy
−$2.7K −$1.73/SF
EGI
$57.2K $36.67/SF
− OpEx
−$17.2K −$11.00/SF
NOI
$40.0K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$800,920
Cap Rate 7%
$572,086
Cap Rate 9%
$444,956
Alternative Uses
Best Use
Multifamily LT 5
$572.1K
$500.6K – $667.4K
NOI $40,046 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,657 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$954.5K
$835.2K – $1.11M
NOI $66,817 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments provide one- and two-bedroom layouts, along with a finished basement offering additional recreational space.
Where is this duplex located?
The property is located at 590 Elton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑family duplex with a 1‑bedroom apartment above a 2‑bedroom apartment; Finished basement provides additional recreational space; 1,560 square feet on a 0.03‑acre lot
