Two-Story Duplex with Finished
New
For Sale
$749,000
590 Elton Street, Brooklyn, NY 11208
MULTI_FAMILY - Brooklyn, NY
Property Size1,560 SF
Lot Size0.03 Acres
Price / SF$480.13
Days on Market2
Property Features for 590 Elton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Patio and Porch features
Patio
Interior features
Entrance Foyer
Fencing
Fenced
Subdivision
East New York
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #19
Directions
Dumont Avenue to Elton Street
Standard status
Active
Size
1,560 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2218
Utilities
Heating system
Steam, Natural Gas
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Vinyl Siding, Stucco, Brick
Roof type
Flat
Listing Agency:
BUY RITE HOME SALES INC
(718) 322-4700
Listed By:
Rj Santiago
(718) 322-4700
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 7:06PM
MLS# 11910936
Copyright © 2026 My State MLS. 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.
590 Elton Street is a two-family duplex built in 1901, configured as a 1-bedroom apartment over a 2-bedroom apartment. The home also includes a finished basement with additional recreational space, supporting flexible living arrangements for an owner-occupant, an investor, or multi-generational use.
Additional interior features include an entrance foyer. Flooring includes tile and hardwood, and heating is provided by steam and natural gas. Exterior materials include vinyl siding, stucco, and brick, with a flat roof. Outdoors, the property offers a patio and a fenced area.
Located in East New York, Brooklyn, the home is within walking distance of the New Lots Avenue train station. Nearby amenities include shopping at Gateway Center and outdoor recreation at Highland Park, with access to the Belt Parkway and JFK Airport.
Additional interior features include an entrance foyer. Flooring includes tile and hardwood, and heating is provided by steam and natural gas. Exterior materials include vinyl siding, stucco, and brick, with a flat roof. Outdoors, the property offers a patio and a fenced area.
Located in East New York, Brooklyn, the home is within walking distance of the New Lots Avenue train station. Nearby amenities include shopping at Gateway Center and outdoor recreation at Highland Park, with access to the Belt Parkway and JFK Airport.
Key Highlights
- Two‑family duplex with 1‑bedroom over 2‑bedroom layout
- Finished basement with additional recreational space
- Heating includes steam and natural gas
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 | $59.9k | $38.40 |
| − Vacancy | −$2.7k | −$1.73 |
| EGI | $57.2k | $36.67 |
| − OpEx | −$17.2k | −$11.00 |
| NOI | $40.0k | $25.67 |
1,560 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$572.1K
$500.6K – $667.4K
NOI $40,046 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,657 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$954.5K
$835.2K – $1.11M
NOI $66,817 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 1-bedroom unit over 2-bedroom unit with a finished basement and patio, plus steam and natural gas heating.
Where is this duplex located?
The property is located at 590 Elton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑family duplex with 1‑bedroom over 2‑bedroom layout; Finished basement with additional recreational space; Heating includes steam and natural gas
