Four-Family Residential
558 Midwood Street Brooklyn, NY 11203
For Sale
$1,999,999
Four-family residential building with seven total bedrooms, a full basement, and a shared driveway.
Property Size3,040 SF
Price / SF$657.89
Days on Market28
Property Features for 558 Midwood Street
General Information
- Standard status
- Active
- Size
- 3,040 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1931
Listing Agency:
Fave Realty Inc
(516) 519-8049
Listed By:
Loletta P. Griffith
(516) 519-8049
Source:
Compass
Added: Jun 30
Changed: Jul 22
Last Checked: Jul 26 at 11:52AM
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 Fave Realty Inc
Investment Insights
Based on property information with market context.
This four-family residential building offers a total of seven bedrooms across multiple units. The property includes a full basement, providing additional space that may be used for storage and other practical purposes, and it features a shared driveway.
Located on Midwood Street in Brooklyn’s Crown Heights area, the property is positioned for convenient access to public transportation and nearby everyday amenities, including shopping, restaurants, parks, schools, and more.
The building is offered for sale in as-is condition. The combination of multi-unit configuration and basement space may support a range of residential ownership or investment approaches.
Located on Midwood Street in Brooklyn’s Crown Heights area, the property is positioned for convenient access to public transportation and nearby everyday amenities, including shopping, restaurants, parks, schools, and more.
The building is offered for sale in as-is condition. The combination of multi-unit configuration and basement space may support a range of residential ownership or investment approaches.
Key Highlights
- Four‑family residential building with 7 total bedrooms
- Finished basement with a full bath
- Brick construction
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 | $155.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $152.1k | $50.03 |
| − OpEx | −$45.6k | −$15.01 |
| NOI | $106.5k | $35.02 |
3,040 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,466 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,808 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,198 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-family residential building with seven total bedrooms, a full basement, and a shared driveway.
Where is this quadplex located?
The property is located at 558 Midwood Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Four‑family residential building with 7 total bedrooms; Finished basement with a full bath; Brick construction
