Brick Duplex with Finished
For Sale
$990,000
1593 Independence Avenue, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size992 SF
Lot Size0.04 Acres
Price / SF$997.98
Days on Market51
Property Features for 1593 Independence Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
992 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
9214
Building Details
Year built
1960
Floors in Building
2
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Allan H. Zhu · License #AHZ7089
(646) 318-2333
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 17 at 1:06PM
MLS# 504141
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.
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Investment Insights
Based on property information with market context.
This 992-square-foot brick duplex was built in 1960 and includes two bedrooms, two bathrooms, a finished basement, and a detached garage. The exterior wall has been repointed, while the kitchen and bathrooms have been updated with new materials. Oversized windows and closet storage are also noted. The property occupies a 16-by-106-foot lot, with a 16-by-31-foot building footprint.
Located on Independence Avenue in Brooklyn’s 11228 ZIP code, the property is near local shops, the shore, and a golf course. R4 zoning is listed for the site. A community driveway provides access to the detached garage.
Located on Independence Avenue in Brooklyn’s 11228 ZIP code, the property is near local shops, the shore, and a golf course. R4 zoning is listed for the site. A community driveway provides access to the detached garage.
Key Highlights
- 992 SF brick duplex built in 1960
- Two bedrooms and two bathrooms
- Finished basement with detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,742
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,840
$694.8K
Cap Rate 7%
$496,314
$496.3K
Cap Rate 9%
$386,022
$386.0K
Market Conditions
NOI Build-Up for 992 SF
Gross rent
$50.6K $51.00/SF
− Vacancy
−$961 −$0.97/SF
EGI
$49.6K $50.03/SF
− OpEx
−$14.9K −$15.01/SF
NOI
$34.7K $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 Rate 5%
$694,840
Cap Rate 7%
$496,314
Cap Rate 9%
$386,022
Alternative Uses
Best Use
Multifamily LT 5
$496.3K
$434.3K – $579.0K
NOI $34,742 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$432.6K
$378.6K – $504.8K
NOI $30,285 @ 7.0% cap · market cap 3.06%
Theoretical Best
Specialty Retail
$821.4K
$718.7K – $958.3K
NOI $57,496 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated residential property with a detached garage, community driveway, and two bathrooms.
Where is this duplex located?
The property is located at 1593 Independence Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 992 SF brick duplex built in 1960; Two bedrooms and two bathrooms; Finished basement with detached garage
