Vacant Two-Family Corner
1340 E 58th Street Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property size:
1,680 SFLot size:
0.04 AcresPrice / SF:
$535/SF- Added:
- Jun 30, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 10 at 6:06 am
Property Features for 1340 E 58th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1
- Parking features
- Garage - Detached
- Patio and Porch features
- Patio, Porch
- Interior features
- A/C Unit, A/C Unit - Wall, Patio Garden, Porch, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,680 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6637
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
Listing agent Ramdial (Tony) Sahadeo (718) 763-4110
Listing office Bergen Basin Realty LLC 5817 Avenue N, Brooklyn, NY (718) 763-4110
Listing date Jun 30, 2026
MLS# 502682
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.
Investment Insights
Based on property information with market context.
Move-in-ready and currently vacant, this brick semi-detached corner two-family home is set up for immediate occupancy and straightforward rental use. The property includes a detached garage and private driveway, along with recent exterior improvements such as a new roof, freshly pointed brickwork, and new rear exterior gutters. The first-floor unit offers a welcoming foyer, a spacious living room with hardwood floors, a full bathroom with a glass-enclosed stall shower, and a large light-filled eat-in kitchen with Silestone countertops, plus a one-bedroom with generous closet space. The second-floor apartment features a bright living room, an eat-in kitchen, a full bathroom with a glass stall shower, and two generous bedrooms with excellent closet space, including one with direct roof access. An updated lower level provides an open-concept layout with modern vinyl flooring, recessed lighting, abundant storage, and a wet bar with quartz countertops and a wine fridge, along with a full bathroom, utility/boiler room, and direct access to the backyard.
The home is located in Brooklyn and identified under zoning R3-2. The public remarks note convenience to public transportation and nearby shopping destinations including Georgetown Shopping Center and Kings Plaza, as well as shopping along Utica Avenue and Avenue N, plus local parks and dining options.
With two complete residential units and additional finished lower-level space, this property can fit both investors seeking rental-ready configuration and owner-occupants looking to live in one unit while leveraging the second-floor and flexible lower-level areas. The detached garage, private driveway, and outdoor backyard access support day-to-day practicality for residents.
The home is located in Brooklyn and identified under zoning R3-2. The public remarks note convenience to public transportation and nearby shopping destinations including Georgetown Shopping Center and Kings Plaza, as well as shopping along Utica Avenue and Avenue N, plus local parks and dining options.
With two complete residential units and additional finished lower-level space, this property can fit both investors seeking rental-ready configuration and owner-occupants looking to live in one unit while leveraging the second-floor and flexible lower-level areas. The detached garage, private driveway, and outdoor backyard access support day-to-day practicality for residents.
Key Highlights
- Vacant brick semi‑detached corner two‑family home built in 1960
- Detached garage with private driveway plus porch and patio
- Updates include new roof, freshly pointed brickwork, and new rear exterior gutters
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 | $85.7k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $84.1k | $50.03 |
| − OpEx | −$25.2k | −$15.01 |
| NOI | $58.8k | $35.02 |
1,680 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$840.5K
$735.5K – $980.6K
NOI $58,836 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$732.7K
$641.1K – $854.8K
NOI $51,289 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in-ready, vacant two-family brick semi-detached corner home with detached garage and private driveway for owner-use or rentals.
Where is this duplex located?
The property is located at 1340 E 58th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Vacant brick semi‑detached corner two‑family home built in 1960; Detached garage with private driveway plus porch and patio; Updates include new roof, freshly pointed brickwork, and new rear exterior gutters
