Brick Duplex with Finished
New
For Sale
$980,000
659 Georgia Avenue, Brooklyn, NY 11207
Residential, Brooklyn, NY
Property Size2,296 SF
Lot Size0.05 Acres
Price / SF$426.83
Days on Market2
Property Features for 659 Georgia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Brownsville
Standard status
Active
Size
2,296 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5247
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Charles Rutenberg Realty Inc
(516) 575-7500
Listed By:
Jaleel Mussington · License #10401334023
(718) 916-6772
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 14 at 4:06PM
MLS# 505316
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 2,296-square-foot, two-story brick duplex contains two apartments: a four-bedroom, two-bathroom residence and a two-bedroom unit. The upper apartment will be delivered vacant, while the first-floor tenant is on a month-to-month lease. Both apartments have been renovated within the past five years and include updated kitchens and bathrooms, hardwood flooring, recessed lighting, and stainless-steel appliances. A full finished basement has its own entrance. Separate boilers and gas and electric meters serve the apartments.
The property occupies a 20-by-100-foot lot and is zoned R6. Access to the J and L trains and nearby restaurants, shops, and neighborhood amenities is noted. Built in 1899, the building has a flat roof and a total of six bedrooms and four bathrooms.
The property occupies a 20-by-100-foot lot and is zoned R6. Access to the J and L trains and nearby restaurants, shops, and neighborhood amenities is noted. Built in 1899, the building has a flat roof and a total of six bedrooms and four bathrooms.
Key Highlights
- Two apartments: one with 4 bedrooms and 2 bathrooms; one with 2 bedrooms
- 2,296 square feet on a 20‑by‑100‑foot lot
- Upper apartment delivered vacant; first‑floor tenant has a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,410
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,608,200
$1.6M
Cap Rate 7%
$1,148,714
$1.1M
Cap Rate 9%
$893,444
$893.4K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$117.1K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.9K $50.03/SF
− OpEx
−$34.5K −$15.01/SF
NOI
$80.4K $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 Rate 5%
$1,608,200
Cap Rate 7%
$1,148,714
Cap Rate 9%
$893,444
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,410 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$1.00M
$876.2K – $1.17M
NOI $70,094 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,076 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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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 - Two apartments offer a four-bedroom upper residence and a separate two-bedroom unit, with one delivered vacant.
Where is this duplex located?
The property is located at 659 Georgia Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two apartments: one with 4 bedrooms and 2 bathrooms; one with 2 bedrooms; 2,296 square feet on a 20‑by‑100‑foot lot; Upper apartment delivered vacant; first‑floor tenant has a month‑to‑month lease
