Renovated Two-Family
New
For Sale
$1,199,000
519 E 79TH Street, Brooklyn, NY 11236
Two separate three-bedroom apartments are complemented by a finished basement, garage, and private parking.
Property Size2,100 SF
Price / SF$570.95
Days on Market4
Property Features for 519 E 79TH Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,136
Building Details
Building Size
2,100 SF
Year Built
1960
Listing Agency:
Revived Residential
Listed By:
Austin Wong
(718) 219-9122
Source:
Howardhannanyc
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 11:36AM
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 Revived Residential
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Investment Insights
Based on property information with market context.
This renovated duplex is arranged as two three-bedroom apartments, each with a full bathroom and living space. A finished basement adds flexible interior area, while a garage and private parking provide on-site vehicle accommodation. The property sits on a 28 x 100 lot.
The home is near Ralph Avenue and Flatlands Avenue, with local retail, supermarkets, and restaurants in the surrounding area. Nearby destinations include Wyckoff House Museum, Curtis Playground, Bildersee Playground, Canarsie Park, and Canarsie Pier. Bus routes, the Canarsie–Rockaway Parkway L train station, and the Belt Parkway provide transportation options.
The home is near Ralph Avenue and Flatlands Avenue, with local retail, supermarkets, and restaurants in the surrounding area. Nearby destinations include Wyckoff House Museum, Curtis Playground, Bildersee Playground, Canarsie Park, and Canarsie Pier. Bus routes, the Canarsie–Rockaway Parkway L train station, and the Belt Parkway provide transportation options.
Key Highlights
- Two three‑bedroom apartments, each with a full bathroom
- Finished basement
- Garage and private parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,546
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,920
$1.5M
Cap Rate 7%
$1,050,657
$1.1M
Cap Rate 9%
$817,178
$817.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$107.1K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$105.1K $50.03/SF
− OpEx
−$31.5K −$15.01/SF
NOI
$73.5K $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%
$1,470,920
Cap Rate 7%
$1,050,657
Cap Rate 9%
$817,178
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$919.3K – $1.23M
NOI $73,546 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$915.9K
$801.4K – $1.07M
NOI $64,111 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,240
Businesses Nearby
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom apartments are complemented by a finished basement, garage, and private parking.
Where is this duplex located?
The property is located at 519 E 79TH Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two three‑bedroom apartments, each with a full bathroom; Finished basement; Garage and private parking
