Duplex with Finished
For Sale
$774,900
2204 E 59th Place, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,152 SF
Lot Size0.06 Acres
Price / SF$672.66
Days on Market224
Property Features for 2204 E 59th Place
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2
Basement
Finished
Subdivision
Mill Basin
Standard status
Active
Size
1,152 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8658
Amenities
security cameras
Building Details
Year built
1960
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
BHHS Fillmore R.E.
Listed By:
Ken Macbride
(718) 377-6161
Added: Mar 17
Changed: Oct 26
Last Checked: Oct 26 at 10:06PM
MLS# 499778
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 duplex at 2204 E 59th Place has 1,152 square feet and a finished basement. The upper level contains three bedrooms and a full bathroom; the first floor includes a half bath and a kitchen with sliding doors opening to the yard. Hardwood flooring and Andersen windows are also present, along with security cameras.
The corner property sits on a 0.0597-acre lot in Brooklyn, NY 11234. It includes an extended side yard and private rear parking. The property was built in 1960 and is zoned R5.
The corner property sits on a 0.0597-acre lot in Brooklyn, NY 11234. It includes an extended side yard and private rear parking. The property was built in 1960 and is zoned R5.
Key Highlights
- 1,152 square feet of building area
- Three bedrooms and a full bathroom on the upper level
- Finished basement and first‑floor half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,345
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,900
$806.9K
Cap Rate 7%
$576,357
$576.4K
Cap Rate 9%
$448,278
$448.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$58.8K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$57.6K $50.03/SF
− OpEx
−$17.3K −$15.01/SF
NOI
$40.3K $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%
$806,900
Cap Rate 7%
$576,357
Cap Rate 9%
$448,278
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.3K – $672.4K
NOI $40,345 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.2K
NOI $35,169 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - A three-bedroom upper level is paired with a first-floor half bath and private rear parking.
Where is this duplex located?
The property is located at 2204 E 59th Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: 1,152 square feet of building area; Three bedrooms and a full bathroom on the upper level; Finished basement and first‑floor half bath
