Brick Three-Unit Residential
563 59th Street, Brooklyn, NY 11220
For Sale
New
$1,900,000
Residential Income, 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
Parking features
Basement
Lot features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Dorene T Rampino
(718) 987-7900
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 2606352
Copyright © 2026 Staten Island Board of Realtors. 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 residential property provides 3,120 square feet across three levels, with an additional basement. Built in 1899, the building sits on a 20-by-100-foot lot and measures 20 by 50 feet. Its room inventory includes six bedrooms and four bathrooms. Forced-air heating is supplied by natural gas, and the property connects to public sewer.
The address is 563 59th Street in Brooklyn, NY 11220. The site is zoned R6-B, and parking is on street.
The address is 563 59th Street in Brooklyn, NY 11220. The site is zoned R6-B, and parking is on street.
Key Highlights
- 3,120 square feet of building area
- 20‑by‑100‑foot lot; building measures 20 by 50 feet
- Three levels of living space plus a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,897
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,857,940
$1.9M
Cap Rate 7%
$1,327,100
$1.3M
Cap Rate 9%
$1,032,189
$1.0M
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$138.5K $44.40/SF
− Vacancy
−$5.8K −$1.86/SF
EGI
$132.7K $42.54/SF
− OpEx
−$39.8K −$12.76/SF
NOI
$92.9K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,857,940
Cap Rate 7%
$1,327,100
Cap Rate 9%
$1,032,189
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,897 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,200 @ 7.0% cap · market cap 4.38%
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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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
$1,021,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - R6-B zoning and a basement complement three levels of living space in this Brooklyn property.
Where is this triplex 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 feet of building area; 20‑by‑100‑foot lot; building measures 20 by 50 feet; Three levels of living space plus a basement
