Brick Two-Family
For Sale
$840,000
365 E 59th Street, Brooklyn, NY 11203
Residential, Brooklyn, NY
Property Size1,785 SF
Lot Size0.05 Acres
Price / SF$470.59
Days on Market110
Property Features for 365 E 59th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
1,785 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6675
Building Details
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Remax Top Nest Real Estate
Listed By:
Yan Byshevsky
(646) 828-6378
Added: Jun 22
Changed: Sep 15
Last Checked: Oct 9 at 2:06AM
MLS# 502454
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 brick duplex, constructed in 1945, contains approximately 1,785 square feet of living space on a 0.0528-acre lot. The upper residence has two bedrooms, a full bathroom, wood and carpeted flooring, and a spacious living area. A separate lower residence provides one bedroom, a kitchen, a living area, and a three-quarter bathroom. The building footprint measures 17 feet by 35 feet, and the property will be delivered vacant at closing.
The corner property includes a private driveway and additional rear parking with access from Clarendon Road. Shops, markets, and daily conveniences are located along Ralph Avenue. Transit service includes the B47 bus on Clarendon Road and nearby B8 service on Beverly Road.
The corner property includes a private driveway and additional rear parking with access from Clarendon Road. Shops, markets, and daily conveniences are located along Ralph Avenue. Transit service includes the B47 bus on Clarendon Road and nearby B8 service on Beverly Road.
Key Highlights
- Two‑family duplex with approximately 1,785 square feet of living space
- Built in 1945 with brick construction
- Upper unit includes 2 bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,514
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,280
$1.3M
Cap Rate 7%
$893,057
$893.1K
Cap Rate 9%
$694,600
$694.6K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$91.0K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$89.3K $50.03/SF
− OpEx
−$26.8K −$15.01/SF
NOI
$62.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,280
Cap Rate 7%
$893,057
Cap Rate 9%
$694,600
Alternative Uses
Best Use
Multifamily LT 5
$893.1K
$781.4K – $1.04M
NOI $62,514 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$778.5K
$681.2K – $908.2K
NOI $54,494 @ 7.0% cap · market cap 6.49%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,459 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,762
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant delivery includes separate living arrangements, a private driveway, and rear parking accessed from Clarendon Road.
Where is this duplex located?
The property is located at 365 E 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 1,785 square feet of living space; Built in 1945 with brick construction; Upper unit includes 2 bedrooms and a full bathroom
