Brick Quadplex With Finished
New
For Sale
$2,280,000
1130 58th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size3,200 SF
Lot Size0.05 Acres
Price / SF$712.50
Days on Market2
Property Features for 1130 58th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 1
Interior features
A/C Unit, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Boro-Park
Standard status
Active
Size
3,200 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
14694
Amenities
finished basement
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Hui Xin (Nina) Chen · License #10401333718
(718) 612-3088
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 503666
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 3,200-square-foot brick quadplex is scheduled for delivery vacant and includes four apartments: one 1-bedroom, 1-bath residence and three 2-bedroom, 1-bath residences. Each unit has a dedicated kitchen and living room. A finished basement adds usable interior space, while tile and hardwood flooring, individual A/C units, refrigerators, and stoves are among the existing features. The building measures 20' x 80' on a 20' x 100' lot, with a flat roof and 1920 construction.
The property is zoned R5 and sits in Brooklyn near shopping, restaurants, supermarkets, schools, and neighborhood amenities. Public transportation options include the D, N, and W subway lines along with the B9, B16, and B70 bus routes. The site encompasses 0.046 acres in Kings (Brooklyn) County.
The property is zoned R5 and sits in Brooklyn near shopping, restaurants, supermarkets, schools, and neighborhood amenities. Public transportation options include the D, N, and W subway lines along with the B9, B16, and B70 bus routes. The site encompasses 0.046 acres in Kings (Brooklyn) County.
Key Highlights
- Four‑unit brick property delivered vacant
- Unit mix includes one 1‑bedroom and three 2‑bedroom apartments
- 3,200 square feet on a 0.046‑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
$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
Lease Details
4
Residential units
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 - Vacant four-unit property with separate kitchens and living rooms in each apartment.
Where is this quadplex located?
The property is located at 1130 58th Street 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: Four‑unit brick property delivered vacant; Unit mix includes one 1‑bedroom and three 2‑bedroom apartments; 3,200 square feet on a 0.046‑acre lot
