East Flatbush Two-Family
399 E 57th Street Brooklyn, NY 11203
399 E 57th Street, Brooklyn, NY, 11203
$999,999
For Sale
$999,999
MULTI_FAMILY - Brooklyn, NY
Property Size2,084 SF
Lot Size0.06 Acres
Price / SF$479.85
Days on Market141
Property Features for 399 E 57th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4
- Parking features
- Garage - Attached, Carport
- Interior features
- A/C Unit - Window, Garage Door Opener(s), Laundry Area, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,084 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4705
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Ranch
Listing Agency
Century 21 Achievers
(718) 758-0600
1476 Flatbush Avenue, Brooklyn, NY
Listed by
Andre Hanniford
(718) 758-0600
Added: Mar 2 Updated: Jul 11 at 6:35 pm Checked: Jul 21 at 1:06 am
MLS# 499279
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.
This brick two-family home is located in East Flatbush. The semi-attached property features a three-bedroom, 1.5-bathroom unit with a private balcony, situated above a two-bedroom, 1.5-bathroom unit. The property includes a basement with a separate entrance, a fully fenced private backyard, a built-in garage, and a one-car carport. The property is approximately 2084 square feet and sits on a 0.0574-acre lot. The property is zoned R4. While the property is in good condition, a new roof is needed, along with some cosmetic upgrades. The home is located around the corner from Footprints restaurant and is near Tilden High School, Meyer Levin Middle School, and other grade schools.
Key Highlights
- Brick two‑family ranch built in 1955 with a private backyard and separate basement entrance
- Unit 1: 3 bedrooms and 1.5 bathrooms with a private balcony
- Unit 2: 2 bedrooms and 1.5 bathrooms
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 | $106.3k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $104.3k | $50.03 |
| − OpEx | −$31.3k | −$15.01 |
| NOI | $73.0k | $35.02 |
2,084 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$912.3K – $1.22M
NOI $72,985 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$908.9K
$795.3K – $1.06M
NOI $63,622 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,789 @ 7.0% cap · market cap 12.08%
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-family home in East Flatbush with private backyard and garage.
Where is this duplex located?
The property is located at 399 E 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Brick two‑family ranch built in 1955 with a private backyard and separate basement entrance; Unit 1: 3 bedrooms and 1.5 bathrooms with a private balcony; Unit 2: 2 bedrooms and 1.5 bathrooms
