Historic Two-Family
For Sale
$1,599,999
593 BAINBRIDGE Street, Brooklyn, NY 11233
Three living levels, a full basement, updated kitchens, and a private rear yard support flexible residential use.
Property Size2,430 SF
Lot Size0.04 Acres
Price / SF$658.44
Days on Market344
Property Features for 593 BAINBRIDGE Street
General Information
Standard status
Active
Size
2,430 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,548
Amenities
private backyard
Building Details
Building Size
2,430 SF
Year Built
1901
Buildings
1
Stories
3
Listing Agency:
Revived Residential
Listed By:
John Falce
(718) 689-4688
Source:
Penrealty
Added: Oct 17, 2025
Changed: Sep 23
Last Checked: Sep 24 at 4:34PM
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 Revived Residential
Investment Insights
Based on property information with market context.
This two-family townhouse offers approximately 2,430 square feet across three livable floors, together with a full basement and an 18-foot-wide configuration. Built in 1901, the property retains period features including turned-spindle stair detailing, decorative mantels, tin ceilings, and inlaid hardwood floors. The first-floor bathroom has been renovated, while the upper-level kitchens have been updated in recent years. A newer roof, hot-water heater, boiler, and electrical systems add to the existing improvements.
The basement follows the home's footprint and provides space for storage, laundry, or recreation. A deep private backyard extends the usable area outdoors. The property is near the C train at Ralph Avenue, the J/Z at Chauncey Street, Saratoga Park, Weeksville Heritage Center, and local cafés and amenities in Ocean Hill.
The basement follows the home's footprint and provides space for storage, laundry, or recreation. A deep private backyard extends the usable area outdoors. The property is near the C train at Ralph Avenue, the J/Z at Chauncey Street, Saratoga Park, Weeksville Heritage Center, and local cafés and amenities in Ocean Hill.
Key Highlights
- Approximately 2,430 square feet across three livable floors
- Full basement with the footprint of the home
- 18‑foot‑wide townhouse on an 18 100 ft lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,103
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,702,060
$1.7M
Cap Rate 7%
$1,215,757
$1.2M
Cap Rate 9%
$945,589
$945.6K
Market Conditions
NOI Build-Up for 2,430 SF
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.
Gross rent
$123.9K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.6K $50.03/SF
− OpEx
−$36.5K −$15.01/SF
NOI
$85.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,702,060
Cap Rate 7%
$1,215,757
Cap Rate 9%
$945,589
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,103 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$1.06M
$927.3K – $1.24M
NOI $74,185 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,843 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three living levels, a full basement, updated kitchens, and a private rear yard support flexible residential use.
Where is this duplex located?
The property is located at 593 BAINBRIDGE Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Approximately 2,430 square feet across three livable floors; Full basement with the footprint of the home; 18‑foot‑wide townhouse on an 18 100 ft lot
