Renovated Single-Family Home with
359 88th Street Brooklyn, NY 11209
For Sale
$1,685,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,619 SF
Lot Size0.06 Acres
Price / SF$1,040
Days on Market103
Property Features for 359 88th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4-1
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2
- Parking features
- Carport
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- 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
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Apr 15
Changed: Jul 13
Last Checked: Jul 26 at 8:06PM
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.
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.7k | $56.64 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $89.9k | $55.51 |
| − OpEx | −$40.4k | −$24.98 |
| NOI | $49.4k | $30.53 |
1,619 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$706.1K
$617.8K – $823.8K
NOI $49,426 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,837 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
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 $1,685,000.
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
