Renovated Single-Family Home with
For Sale
$1,599,000
359 88th Street, Brooklyn, NY 11209
Residential, Duplex, Brooklyn, NY
Property Size1,619 SF
Lot Size0.06 Acres
Price / SF$987.65
Days on Market196
Property Features for 359 88th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Carport
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bay Ridge
Standard status
Active
Size
1,619 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6356
Building Details
Year built
1920
Floors in Building
2
Roof type
Flat
Architectural style
Other
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen
(917) 708-9966
Added: Apr 15
Changed: Oct 25
Last Checked: Oct 27 at 2:06AM
MLS# 500529
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 renovated single-family residence offers 3 bedrooms and 3.5 baths, supported by a full finished basement for additional living space. The property includes a private carport and recent upgrades such as a brand-new roof, boiler, furnace, and modern split AC/heat systems throughout.
Located in Brooklyn, the home is positioned near commercial corridors with shopping, dining, and convenient train access. Zoning is listed as R4-1.
The combination of an updated mechanical and HVAC package, expanded basement area, and private off-street carport makes the home well-suited for an owner-occupant or anyone seeking a turnkey layout with multiple levels of finished space.
Located in Brooklyn, the home is positioned near commercial corridors with shopping, dining, and convenient train access. Zoning is listed as R4-1.
The combination of an updated mechanical and HVAC package, expanded basement area, and private off-street carport makes the home well-suited for an owner-occupant or anyone seeking a turnkey layout with multiple levels of finished space.
Key Highlights
- Fully renovated single‑family home with private carport
- 3 bedrooms and 3.5 baths plus a full finished basement for added living space
- Brand‑new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,426
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,520
$988.5K
Cap Rate 7%
$706,086
$706.1K
Cap Rate 9%
$549,178
$549.2K
Market Conditions
NOI Build-Up for 1,619 SF
Gross rent
$91.7K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$89.9K $55.51/SF
− OpEx
−$40.4K −$24.98/SF
NOI
$49.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,520
Cap Rate 7%
$706,086
Cap Rate 9%
$549,178
Alternative Uses
Best Use
Apartment 5plus
$706.1K
$617.8K – $823.8K
NOI $49,426 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,837 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,685
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Renovated three-bedroom home with a private carport and a fully finished basement in Brooklyn’s R4-1 zoning.
Where is this single family property located?
The property is located at 359 88th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Fully renovated single‑family home with private carport; 3 bedrooms and 3.5 baths plus a full finished basement for added living space; Brand‑new roof
