Recently Renovated Two-Family
359 Winthrop Street Brooklyn, NY 11225
New
359 Winthrop Street, Brooklyn, NY, 11225
$1,299,000
For Sale
$1,299,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,120 SF
Lot Size0.05 Acres
Price / SF$612.74
Days on Market2
Property Features for 359 Winthrop Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 11
- Bathrooms
- 5
- Rooms
- Bedroom 10, Bedroom 9, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 11, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 1
- Parking features
- Carport
- Patio and Porch features
- Patio
- Interior features
- A/C Unit - Window, Disposal, Patio Garden
- Basement
- Finished
- Standard status
- Active
- Size
- 2,120 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3923
Building Details
- Year built
- 1902
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Asphalt
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Jesus Magana · License #10401290345
(718) 612-3088
Added: Jul 17 Checked: Jul 18 at 2:06 pm
MLS# 503113
Listing URL
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.
Located in Prospect Lefferts Garden, this recently renovated two-family home offers a practical, multi-level layout with hardwood floors throughout. The property includes a two-car carport and a fully finished basement featuring two recreational rooms and a bathroom.
On the first floor, the home features three bedrooms and two bathrooms, along with a living room and kitchen. The primary bedroom includes a private bathroom and access to the back yard. The second floor is described as a split-level duplex with a total of eight bedrooms, two bathrooms, eat-in kitchen areas, and an open living area. One bedroom includes a terrace area, and closets are noted in all bedrooms.
The home is owner-occupied and will be delivered vacant upon closing. Zoning is R6. Nearby transportation includes the N and 2 train, and buses B16 and B35, with shopping and commercial areas close by.
On the first floor, the home features three bedrooms and two bathrooms, along with a living room and kitchen. The primary bedroom includes a private bathroom and access to the back yard. The second floor is described as a split-level duplex with a total of eight bedrooms, two bathrooms, eat-in kitchen areas, and an open living area. One bedroom includes a terrace area, and closets are noted in all bedrooms.
The home is owner-occupied and will be delivered vacant upon closing. Zoning is R6. Nearby transportation includes the N and 2 train, and buses B16 and B35, with shopping and commercial areas close by.
Key Highlights
- Renovated 2‑family home in Prospect Lefferts Garden built in 1902 with brick construction
- 2‑vehicle carport plus patio and garden for outdoor space
- Owner‑occupied and will be delivered vacant upon closing
Local Financial Insights For Multifamily LT 5
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 | $108.1k | $51.00 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $106.1k | $50.03 |
| − OpEx | −$31.8k | −$15.01 |
| NOI | $74.2k | $35.02 |
2,120 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$928.1K – $1.24M
NOI $74,246 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$924.6K
$809.0K – $1.08M
NOI $64,721 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $122,875 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family residence with hardwood floors, a two-car carport, and a fully finished basement with bathroom.
Where is this duplex located?
The property is located at 359 Winthrop Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Renovated 2‑family home in Prospect Lefferts Garden built in 1902 with brick construction; 2‑vehicle carport plus patio and garden for outdoor space; Owner‑occupied and will be delivered vacant upon closing
