Six-Bedroom Multifamily
563 59th Street, Brooklyn, NY 11220
For Sale
New
$1,900,000
Residential, Brooklyn, NY
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$608.97
Days on Market3
Property Features for 563 59th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Robert Defalco Realty Inc
Listed By:
Jay Zhang
(718) 748-7000
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 506005
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.
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Investment Insights
Based on property information with market context.
This brick multifamily property contains 3,120 square feet across three living levels and a basement. The building measures 20 by 50 feet and occupies a 20-by-100-foot lot totaling 0.0459 acres. Interior room listings include six bedrooms and four bathrooms; window-unit air conditioning is also noted. The property was built in 1899 and has carpet, hardwood, and tile flooring, along with a flat roof.
The property is in Brooklyn’s Sunset Park area, near the N train station and retail and dining options on Fifth and Eighth avenues. R6B is the stated zoning designation.
The property is in Brooklyn’s Sunset Park area, near the N train station and retail and dining options on Fifth and Eighth avenues. R6B is the stated zoning designation.
Key Highlights
- 3,120‑square‑foot multifamily property on a 0.0459‑acre lot
- Three living levels plus a basement
- Six bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,200
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,000
$1.7M
Cap Rate 7%
$1,188,571
$1.2M
Cap Rate 9%
$924,444
$924.4K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$157.2K $50.40/SF
− Vacancy
−$6.0K −$1.92/SF
EGI
$151.3K $48.48/SF
− OpEx
−$68.1K −$21.82/SF
NOI
$83.2K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,000
Cap Rate 7%
$1,188,571
Cap Rate 9%
$924,444
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,200 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,583 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,048
Businesses Nearby
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Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Brooklyn, NY
Properties on Market for Multifamily properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - R6B-zoned brick building includes three living levels and a basement.
Where is this multifamily property located?
The property is located at 563 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 3,120‑square‑foot multifamily property on a 0.0459‑acre lot; Three living levels plus a basement; Six bedrooms and four bathrooms
