Semi-Attached Two-Family Brick
For Sale
$1,790,000
Pending
58 Louisa St, Brooklyn, NY 11218
A two-unit brick home with finished basement, garage, and shared driveway, suitable for owner-occupant or investor use.
Property Size1,872 SF
Days on Market84
Property Features for 58 Louisa St
General Information
Standard status
Pending
Size
1,872 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,680
Building Details
Building Size
1,872 SF
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
Real Broker LLC
(718) 256-4000
Listed By:
Ichok Landau
(718) 256-4000
Source:
Elliman
Added: Jun 3
Changed: Aug 12
Last Checked: Aug 24 at 6:00AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This semi-attached two-family brick residence offers two distinct living levels. The first floor includes two bedrooms, two bathrooms, a living room, dining room, and kitchen. The second floor features three bedrooms, one bathroom, a kitchen, a dining area, and a front porch. Additional usable space is provided by a finished basement, and the property includes a garage with a shared driveway.
Located on a quiet residential street in the Borough Park/Kensington area of Brooklyn, the home benefits from very strong pedestrian and transit access, reflected by Walk Score 93 and Transit Score 95. Bike Score 81 indicates the area is very bikeable, supporting day-to-day mobility.
With two separate unit layouts and added finished basement space, the property can support a variety of occupancy plans, whether an end user wants to live in one unit and rent the other or an investor seeks a straightforward two-family configuration. The included garage and shared driveway add practical parking convenience relative to many inner-city two-family homes.
Located on a quiet residential street in the Borough Park/Kensington area of Brooklyn, the home benefits from very strong pedestrian and transit access, reflected by Walk Score 93 and Transit Score 95. Bike Score 81 indicates the area is very bikeable, supporting day-to-day mobility.
With two separate unit layouts and added finished basement space, the property can support a variety of occupancy plans, whether an end user wants to live in one unit and rent the other or an investor seeks a straightforward two-family configuration. The included garage and shared driveway add practical parking convenience relative to many inner-city two-family homes.
Key Highlights
- Semi‑attached brick 2‑family home built in 1920 on a quiet residential street
- First floor: 2 bedrooms, 2 bathrooms, living room, dining room, and kitchen
- Second floor: 3 bedrooms, 1 bathroom, kitchen, dining area, and front porch
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
$65,561
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
3.66%
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%
$1,311,220
$1.3M
Cap Rate 7%
$936,586
$936.6K
Cap Rate 9%
$728,456
$728.5K
Market Conditions
NOI Build-Up for 1,872 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
$95.5K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.7K $50.03/SF
− OpEx
−$28.1K −$15.01/SF
NOI
$65.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$1,311,220
Cap Rate 7%
$936,586
Cap Rate 9%
$728,456
Alternative Uses
Best Use
Multifamily LT 5
$936.6K
$819.5K – $1.09M
NOI $65,561 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$816.4K
$714.4K – $952.5K
NOI $57,150 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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?
Duplex - A two-unit brick home with finished basement, garage, and shared driveway, suitable for owner-occupant or investor use.
Where is this duplex located?
The property is located at 58 Louisa St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Semi‑attached brick 2‑family home built in 1920 on a quiet residential street; First floor: 2 bedrooms, 2 bathrooms, living room, dining room, and kitchen; Second floor: 3 bedrooms, 1 bathroom, kitchen, dining area, and front porch
