Spacious Multi-Family Home,
592 E 81st St Brooklyn, NY 11236
592 E 81st St, Brooklyn, NY, 11236
$1,149,000
Pending
For Sale
$1,149,000
Pending
Well-maintained, extra-large multi-family home with strong rental potential.
Property Size1,200 SF
Lot Size0.06 Acres
Days on Market130
Property Features for 592 E 81st St
General Information
- Standard status
- Pending
- Size
- 1,200 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing Agency
Womcore LLC dba Remax Edge
(718) 612-3088
Listed by
Ithamar Benshabat · License #10401294564
(718) 612-3088
Source
Elliman
Added: Mar 11 Checked: Jul 17 at 6:23 am
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 extra-large multi-family home is located in Canarsie. The semi-detached brick building is in excellent condition and offers spacious living across three floors. It measures 20x60 and sits on a 28x100 lot with a private driveway. The first-floor features two bedrooms and one bath, currently rented for $2,250. The second floor has three bedrooms and 1.5 baths, rented at $2,750. This property offers both strong rental potential and the opportunity to create a comfortable, welcoming home due to its well-maintained layout and generous space.
Key Highlights
- Extra‑large multi‑family home in excellent condition
- Strong rental income potential from two units
- Private driveway
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 | $68.0k | $56.64 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $66.6k | $55.51 |
| − OpEx | −$30.0k | −$24.98 |
| NOI | $36.6k | $30.53 |
1,200 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$523.4K
$457.9K – $610.6K
NOI $36,635 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ant home
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Well-maintained, extra-large multi-family home with strong rental potential.
Where is this multifamily property located?
The property is located at 592 E 81st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Extra‑large multi‑family home in excellent condition; Strong rental income potential from two units; Private driveway
