Brick 4-Family Residential
945 59th Street, Brooklyn, NY 11219
New
MULTI_FAMILY - Brooklyn, NY
Property size:
6,000 SFLot size:
0.05 AcresPrice / SF:
$491/SF- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 945 59th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 8, Bathroom 7, Bedroom 4, Bedroom 3, Bedroom 10, Bedroom 9, Bathroom 8, Bathroom 3, Bedroom 2, Bedroom 11, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 5, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14782
Building Details
- Year built
- 1990
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Jun 26, 2026
MLS# 502624
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
- Attached brick 4‑family building with 3.5 stories and a 20 x 75 building size on a 20 x 100 lot
- Unit layout: 1st floor offers 2 beds/2 baths; 2nd–4th floors each offer 3 beds/2 baths
- Full finished basement provides additional usable space
- Separately supplied heat and hot water
- Interior features include refrigerator and stove; flooring includes hardwood and tile
- Built in 1990 with a flat roof
Overview
This attached, brick 4-family building is 3.5 stories above grade and includes a full finished basement for additional usable space. The building offers a mix of apartment layouts, with the first floor featuring 2 bedrooms and 2 bathrooms. The second, third, and fourth floors each provide 3 bedrooms and 2 bathrooms, creating apartment options suitable for both tenants and owner-occupants who prefer extra space. Heat and hot water are separately supplied, which can simplify building systems management.
Located in Brooklyn under R6 zoning, the property is described as being near shopping, restaurants, schools, parks, and public transportation. The building is situated on a lot measuring 20 by 100, with a building footprint of approximately 20 by 75.
For prospective buyers, the unit mix and multi-story configuration support a stable residential income structure within a straightforward attached 4-family format. The separate heat and hot water supply adds operational clarity, while the finished basement expands usable area beyond the above-grade living space. This is a for-sale residential income property designed for investors or owner-occupants looking for a 4-unit building with flexible layout options.
Located in Brooklyn under R6 zoning, the property is described as being near shopping, restaurants, schools, parks, and public transportation. The building is situated on a lot measuring 20 by 100, with a building footprint of approximately 20 by 75.
For prospective buyers, the unit mix and multi-story configuration support a stable residential income structure within a straightforward attached 4-family format. The separate heat and hot water supply adds operational clarity, while the finished basement expands usable area beyond the above-grade living space. This is a for-sale residential income property designed for investors or owner-occupants looking for a 4-unit building with flexible layout options.
Local 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 | $259.2k | $43.20 |
| − Vacancy | −$11.7k | −$1.94 |
| EGI | $247.5k | $41.26 |
| − OpEx | −$74.3k | −$12.38 |
| NOI | $173.3k | $28.88 |
6,000 SF · lease $43.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.48M
$2.17M – $2.89M
NOI $173,275 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,541 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,275 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.005414
- Latitude
- 40.634218
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Attached 4-family with a full finished basement and separate heat and hot water.
Where is this quadplex located?
The property is located at 945 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Attached brick 4‑family building with 3.5 stories and a 20 x 75 building size on a 20 x 100 lot; Unit layout: 1st floor offers 2 beds/2 baths; 2nd–4th floors each offer 3 beds/2 baths; Full finished basement provides additional usable space
