Rent-Stabilized 7-Family Apartment
For Sale
$1,295,000
334 58th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$294.32
Days on Market47
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 4, Bedroom 13, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 10, Bathroom 6, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 11, Bedroom 12, Bathroom 7, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 14, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Full, Unfinished
Subdivision
Sunset Park
Standard status
Active
Size
4,400 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
15805
Building Details
Year built
1906
Floors in Building
3
Number of units
7
Flooring type
Hardwood, Ceramic, Tile
Building materials
Brick
Roof type
Asphalt
Buildings
1
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Hugo Salazar
(718) 532-2000
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 25 at 12:06PM
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.
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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 / Yr
$117,333
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
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
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 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 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,668 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $1,295,000.
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
