Duplex Residence with
2239 E 59th Place, Brooklyn, NY 11234
For Sale
New
$1,490,000
Residential, Brooklyn, NY
Property Size2,184 SF
Lot Size0.09 Acres
Price / SF$682.23
Days on Market1
Property Features for 2239 E 59th Place
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
pool
laundry room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Sara Levy
(718) 763-4110
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 505974
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 2,184-square-foot masonry residence was built in 1955 on a 0.0918-acre lot measuring 40 by 100 feet. Described as a two-family home and currently used as a single residence, it has an upper-level layout with three bedrooms, including a primary suite with custom closets and a private bathroom. The first-floor apartment arrangement includes an eat-in kitchen, living room, two bedrooms, and a full bathroom. A laundry room and oversized storage room are also on that level.
Outdoor features include a kidney-shaped pool, a backyard, and a private driveway with parking for two cars. Interior and mechanical features include hardwood flooring, split air-conditioning and heating units, and an oversized water heater. The property is zoned R5.
Outdoor features include a kidney-shaped pool, a backyard, and a private driveway with parking for two cars. Interior and mechanical features include hardwood flooring, split air-conditioning and heating units, and an oversized water heater. The property is zoned R5.
Key Highlights
- 2,184 square feet on a 0.0918‑acre lot
- 40 by 100‑foot lot
- Described as a two‑family home; currently used as a single residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,487
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,740
$1.5M
Cap Rate 7%
$1,092,671
$1.1M
Cap Rate 9%
$849,856
$849.9K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$111.4K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$109.3K $50.03/SF
− OpEx
−$32.8K −$15.01/SF
NOI
$76.5K $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%
$1,529,740
Cap Rate 7%
$1,092,671
Cap Rate 9%
$849,856
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$956.1K – $1.27M
NOI $76,487 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$952.5K
$833.4K – $1.11M
NOI $66,675 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,585 @ 7.0% cap · market cap 8.50%
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
1,188
Businesses Nearby
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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
$746,800
Median Home Value
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Market
Average Price Trend$/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 - A five-bedroom layout includes a primary suite, a first-floor apartment arrangement, and private outdoor space.
Where is this duplex located?
The property is located at 2239 E 59th Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 2,184 square feet on a 0.0918‑acre lot; 40 by 100‑foot lot; Described as a two‑family home; currently used as a single residence
