Renovated Two-Family Brick
For Sale
$2,380,000
614 57th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size3,090 SF
Lot Size0.05 Acres
Price / SF$770.23
Days on Market285
Property Features for 614 57th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
7
Bathrooms
7
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 7, Bedroom 6, Bedroom 7, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 6, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sunset Park
Standard status
Active
Size
3,090 SF
Lot size
0.05 Acres
Building Details
Year built
1910
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
ProBase Real Estate
Listed By:
Shihui (Sylvia) Lin
(718) 210-2727
Added: Jan 15
Changed: Oct 21
Last Checked: Oct 27 at 2:06AM
MLS# 498404
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 two-family brick duplex contains 3,090 square feet within a 20 x 50 building on a 20 x 100 lot. The first floor offers 3 bedrooms and 3 baths, while the second floor includes 4 bedrooms and 3 baths. A finished basement with its own entrance adds usable space. The property was built in 1910 and fully renovated in 2024, with hardwood and tile flooring, a flat roof, refrigerator, and stove.
The home is located in Sunset Park near 7th and 8th Avenue, with stores and restaurants in the surrounding area. The property will be delivered vacant and is zoned R6B.
The home is located in Sunset Park near 7th and 8th Avenue, with stores and restaurants in the surrounding area. The property will be delivered vacant and is zoned R6B.
Key Highlights
- 3,090 square feet on a 0.0459‑acre lot
- Two‑family layout with 3 bedrooms and 3 baths on the first floor
- Second floor includes 4 bedrooms and 3 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,004
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,080
$1.8M
Cap Rate 7%
$1,314,343
$1.3M
Cap Rate 9%
$1,022,267
$1.0M
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$137.2K $44.40/SF
− Vacancy
−$5.8K −$1.86/SF
EGI
$131.4K $42.54/SF
− OpEx
−$39.4K −$12.76/SF
NOI
$92.0K $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%
$1,840,080
Cap Rate 7%
$1,314,343
Cap Rate 9%
$1,022,267
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $92,004 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,400 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,222 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant, fully renovated residential income property with a finished basement and separate entrance.
Where is this duplex located?
The property is located at 614 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: 3,090 square feet on a 0.0459‑acre lot; Two‑family layout with 3 bedrooms and 3 baths on the first floor; Second floor includes 4 bedrooms and 3 baths
