4-Unit Brick
New
For Sale
$2,280,000
1130 58th St, Brooklyn, NY 11219
Delivered vacant with one one-bedroom apartment and three two-bedroom apartments, each with a private kitchen and living room.
Property Size3,200 SF
Days on Market2
Property Features for 1130 58th St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,694
Building Details
Building Size
3,200 SF
Year Built
1920
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 4:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This four-unit brick property will be delivered vacant and includes a mix of one one-bedroom, one-bath apartment and three two-bedroom, one-bath apartments. Each residence has a separate kitchen and living room. The building measures 20' x 80' and occupies a 20' x 100' lot, with a finished basement providing additional usable space. Constructed in 1920, the property offers a straightforward multifamily configuration in Brooklyn.
The property is located at 1130 58th St, Brooklyn, NY 11219, near shopping, restaurants, supermarkets, schools, and neighborhood amenities. Transportation options include the D, N, and W Trains, along with the B9, B16, and B70 buses. WalkScore is 95, TransitScore is 95, and BikeScore is 76.
The property is located at 1130 58th St, Brooklyn, NY 11219, near shopping, restaurants, supermarkets, schools, and neighborhood amenities. Transportation options include the D, N, and W Trains, along with the B9, B16, and B70 buses. WalkScore is 95, TransitScore is 95, and BikeScore is 76.
Key Highlights
- Delivered vacant
- Four units: one 1‑bedroom, 1‑bath unit and three 2‑bedroom, 1‑bath units
- 20' x 80' building on a 20' x 100' 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
$92,413
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
4.05%
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%
$1,848,260
$1.8M
Cap Rate 7%
$1,320,186
$1.3M
Cap Rate 9%
$1,026,811
$1.0M
Market Conditions
NOI Build-Up for 3,200 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
$138.2K $43.20/SF
− Vacancy
−$6.2K −$1.94/SF
EGI
$132.0K $41.26/SF
− OpEx
−$39.6K −$12.38/SF
NOI
$92.4K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,848,260
Cap Rate 7%
$1,320,186
Cap Rate 9%
$1,026,811
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,413 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $82,955 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.07M
$1.82M – $2.42M
NOI $145,213 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,642
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Delivered vacant with one one-bedroom apartment and three two-bedroom apartments, each with a private kitchen and living room.
Where is this quadplex located?
The property is located at 1130 58th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Delivered vacant; Four units: one 1‑bedroom, 1‑bath unit and three 2‑bedroom, 1‑bath units; 20' x 80' building on a 20' x 100' lot
