Turnkey Two-Family Brick
573 79th Street Brooklyn, NY 11209
For Sale
$1,950,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,600 SF
Lot Size0.06 Acres
Price / SF$750
Days on Market49
Property Features for 573 79th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage - Attached
- Interior features
- A/C Unit, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10822
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Ping Chen
(718) 612-3088
Added: Jun 8
Last Checked: Jul 26 at 3:06PM
MLS# 502053
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 turnkey, semi-detached two-family brick home has been completely gut-renovated approximately seven years ago and features quality materials and modern finishes throughout. The home includes a shared approximately 10-foot-wide driveway and a large garage, with approximately 9-foot ceilings on each level and abundant natural light. The first floor offers an approximately 20-by-68 layout with a sunroom, living room, formal dining area, updated eat-in kitchen, three bedrooms, and one full bathroom. The second floor provides an approximately 20-by-62 configuration with a similarly sized living and dining setup, three bedrooms, one full bathroom, an eat-in kitchen, and private balcony access. A finished basement adds additional living space with a separate entrance, including a recreation room, laundry room, boiler room, and open space suitable for a home office or gym, along with a 3/4 bathroom.
The property sits on a 25-by-100 lot on a quiet residential block in Bay Ridge, Brooklyn. It is positioned near transportation, shopping, restaurants, parks, and top-rated schools, supporting convenient day-to-day access for tenants or owner-occupants.
Each unit is fully self-sufficient with separate boilers and furnaces, which helps deliver independent comfort for residents. The well-separated layouts, plus basement flexibility, make the property practical for owner-occupancy as well as rental use.
The property sits on a 25-by-100 lot on a quiet residential block in Bay Ridge, Brooklyn. It is positioned near transportation, shopping, restaurants, parks, and top-rated schools, supporting convenient day-to-day access for tenants or owner-occupants.
Each unit is fully self-sufficient with separate boilers and furnaces, which helps deliver independent comfort for residents. The well-separated layouts, plus basement flexibility, make the property practical for owner-occupancy as well as rental use.
Key Highlights
- Semi‑detached two‑family brick home built in 1925 with approximately 2,600 sq ft of living space
- Each floor layout includes 3 bedrooms and 1 full bathroom, plus an eat‑in kitchen and formal dining/living areas
- Finished basement with separate entrance includes recreation room, laundry area, boiler room, and 3/4 bathroom
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 | $132.6k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $130.1k | $50.03 |
| − OpEx | −$39.0k | −$15.01 |
| NOI | $91.1k | $35.02 |
2,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,056 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.13M
$992.2K – $1.32M
NOI $79,375 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sublet
Housing Complex
FAQs
What type of property is this?
Duplex - Gut-renovated two-family with separate heating systems, a finished basement, and strong owner-occupancy flexibility.
Where is this duplex located?
The property is located at 573 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Semi‑detached two‑family brick home built in 1925 with approximately 2,600 sq ft of living space; Each floor layout includes 3 bedrooms and 1 full bathroom, plus an eat‑in kitchen and formal dining/living areas; Finished basement with separate entrance includes recreation room, laundry area, boiler room, and 3/4 bathroom
