Two-Family Brick
201 E 59th Street, Brooklyn, NY 11203
For Sale
$999,000
Residential, Brooklyn, NY
Property Size920 SF
Lot Size0.05 Acres
Price / SF$1,085
Days on Market130
Property Features for 201 E 59th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
backyard
Building Details
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Excell Choice Realty
Listed By:
Kwesi Cunningham · License NY #10401263628
(718) 705-4646
Added: Jul 4
Changed: Oct 28
Last Checked: Nov 10 at 8:06AM
MLS# 502778
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 two-family brick residence contains a three-bedroom duplex and a separate three-bedroom apartment. The duplex includes a living room, dining area, kitchen, and half bath on the main level, with three bedrooms and a full bathroom upstairs. The second unit provides three bedrooms and one full bathroom.
A full finished basement adds two finished rooms and another full bath. The property occupies 0.0459 acres and includes 920 square feet of property size as reported. Interior features include a refrigerator and stove, with hardwood flooring and a flat roof. A backyard provides additional outdoor space. The home is located in East Flatbush, Brooklyn, near restaurants, shopping, a gym, and other amenities.
A full finished basement adds two finished rooms and another full bath. The property occupies 0.0459 acres and includes 920 square feet of property size as reported. Interior features include a refrigerator and stove, with hardwood flooring and a flat roof. A backyard provides additional outdoor space. The home is located in East Flatbush, Brooklyn, near restaurants, shopping, a gym, and other amenities.
Key Highlights
- Two‑family configuration with a three‑bedroom duplex and separate three‑bedroom unit
- Full finished basement with 2 finished rooms and a full bath
- 0.0459‑acre lot in East Flatbush, Brooklyn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,220
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,400
$644.4K
Cap Rate 7%
$460,286
$460.3K
Cap Rate 9%
$358,000
$358.0K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$46.9K $51.00/SF
− Vacancy
−$891 −$0.97/SF
EGI
$46.0K $50.03/SF
− OpEx
−$13.8K −$15.01/SF
NOI
$32.2K $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%
$644,400
Cap Rate 7%
$460,286
Cap Rate 9%
$358,000
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.8K – $537.0K
NOI $32,220 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$401.2K
$351.1K – $468.1K
NOI $28,087 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$761.8K
$666.5K – $888.7K
NOI $53,323 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,328
Businesses Nearby
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Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R5-zoned residential property with two three-bedroom units, finished basement space, and a backyard.
Where is this duplex located?
The property is located at 201 E 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family configuration with a three‑bedroom duplex and separate three‑bedroom unit; Full finished basement with 2 finished rooms and a full bath; 0.0459‑acre lot in East Flatbush, Brooklyn
