Rent-Stabilized 7-Family Apartment
New
For Sale
$1,595,000
334 58th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$362.50
Days on Market1
Property Features for 334 58th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6A
Bedrooms
14
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 6, Bathroom 3, Bedroom 7, Bathroom 7, Bathroom 5, Bedroom 10, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 12, Bedroom 13, Bedroom 11, Bedroom 9, Bedroom 3, Bathroom 4, Bedroom 14, Bedroom 1, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Unfinished, Full
Subdivision
Sunset Park
Standard status
Active
Size
4,400 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
15805
Building Details
Year built
1906
Floors in Building
3
Number of units
7
Flooring type
Hardwood, Tile, Ceramic
Building materials
Brick
Roof type
Asphalt
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Hugo Salazar · License #31SA1010105
(917) 804-3713
Added: Sep 9
Last Checked: Sep 9 at 10:06PM
MLS# 504225
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.
This 4,400-square-foot apartment building contains seven residential units with rent-stabilized tenancy. Built in 1906, the property has brick construction, hardwood, tile, and ceramic flooring, along with refrigerator and stove appliances. Common areas are maintained, and the building includes updated mechanical systems. Several apartments feature renovated kitchens, bathrooms, and contemporary finishes, while other units offer room for future improvements.
The property is located at 334 58th Street in Brooklyn’s Sunset Park neighborhood. Sunset Park, Industry City, shopping, dining, the R train, and express bus service are all identified nearby. The parcel measures 0.046 acres and carries R6A zoning.
The property is located at 334 58th Street in Brooklyn’s Sunset Park neighborhood. Sunset Park, Industry City, shopping, dining, the R train, and express bus service are all identified nearby. The parcel measures 0.046 acres and carries R6A zoning.
Key Highlights
- Seven‑unit apartment building with rent‑stabilized tenancy
- 4,400 square feet on a 0.046‑acre parcel
- Brick construction with hardwood, tile, and ceramic flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,346,660
$2.3M
Cap Rate 7%
$1,676,186
$1.7M
Cap Rate 9%
$1,303,700
$1.3M
Market Conditions
NOI Build-Up for 4,400 SF
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.
Gross rent
$221.8K $50.40/SF
− Vacancy
−$8.4K −$1.92/SF
EGI
$213.3K $48.48/SF
− OpEx
−$96.0K −$21.82/SF
NOI
$117.3K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,346,660
Cap Rate 7%
$1,676,186
Cap Rate 9%
$1,303,700
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,333 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,668 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
6,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction and seven residential units support a stabilized multifamily configuration.
Where is this apartment building located?
The property is located at 334 58th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Seven‑unit apartment building with rent‑stabilized tenancy; 4,400 square feet on a 0.046‑acre parcel; Brick construction with hardwood, tile, and ceramic flooring
