Brick Two-Family Corner
365 E 59th St Brooklyn, NY 11203
365 E 59th St, Brooklyn, NY, 11203
$850,000
For Sale
$850,000
Two-unit corner brick residence offers a flexible owner-or-investor layout and private driveway parking.
Property Size1,785 SF
Price / SF$476.19
Days on Market23
Property Features for 365 E 59th St
General Information
- Standard status
- Active
- Size
- 1,785 SF
- Property subtype
- Multi Family
Listing Agency
Top Nest Inc
(646) 828-6378
Listed by
Yan Byshevsky
(646) 828-6378
Source
Elliman
Added: Jun 25 Checked: Jul 16 at 7:23 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Top Nest Inc
Investment Insights
Based on property information with market context.
This brick two-family corner home was built in 1945 and is offered vacant at closing. The property includes a flexible layout with a main unit featuring two bedrooms, a full bathroom, and a large living space with room for updates over time. The upper level includes wood floors and some carpeting. A lower-level second unit provides a one-bedroom setup with its own kitchen, living area, and three-quarter bathroom.
Parking is supported by a private driveway, with additional parking available in the rear of the home. The driveway and rear access are described as being accessible via Clarendon Road. The home is positioned near shops, markets, and everyday conveniences along Ralph Avenue, with public transportation close by. The B47 bus is noted on Clarendon Road and the B8 service is noted nearby on Beverly Road.
For tenants, buyers, or investors, the property’s two separate units—each with its own living space and kitchen/bath configuration—can support an owner-occupant approach or a rental strategy. The delivered-vacant condition at closing also allows for immediate transition to a new owner’s preferred plan for occupancy or renovations.
Parking is supported by a private driveway, with additional parking available in the rear of the home. The driveway and rear access are described as being accessible via Clarendon Road. The home is positioned near shops, markets, and everyday conveniences along Ralph Avenue, with public transportation close by. The B47 bus is noted on Clarendon Road and the B8 service is noted nearby on Beverly Road.
For tenants, buyers, or investors, the property’s two separate units—each with its own living space and kitchen/bath configuration—can support an owner-occupant approach or a rental strategy. The delivered-vacant condition at closing also allows for immediate transition to a new owner’s preferred plan for occupancy or renovations.
Key Highlights
- Brick two‑family corner home built in 1945 with approximately 1,785 SF of living space
- Flexible layout for owner or investor, with a two‑bedroom main unit and a separate lower‑level one‑bedroom unit
- Lower‑level unit includes its own kitchen, living area, and three‑quarter bathroom
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 | $91.0k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $89.3k | $50.03 |
| − OpEx | −$26.8k | −$15.01 |
| NOI | $62.5k | $35.02 |
1,785 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$893.1K
$781.4K – $1.04M
NOI $62,514 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$778.5K
$681.2K – $908.2K
NOI $54,494 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,459 @ 7.0% cap · market cap 12.17%
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 - Two-unit corner brick residence offers a flexible owner-or-investor layout and private driveway parking.
Where is this duplex located?
The property is located at 365 E 59th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brick two‑family corner home built in 1945 with approximately 1,785 SF of living space; Flexible layout for owner or investor, with a two‑bedroom main unit and a separate lower‑level one‑bedroom unit; Lower‑level unit includes its own kitchen, living area, and three‑quarter bathroom
