Two-Unit Brick
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 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 6
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
Last Checked: Oct 14 at 9:06AM
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 two-story brick duplex at 659 Georgia Avenue contains 2,296 square feet on a 20-by-100-foot lot. The two apartments comprise a four-bedroom, two-bath unit and a separate two-bedroom unit. The upper apartment is vacant, while the first-floor unit is occupied under a month-to-month lease. Both apartments have been renovated within the past five years and feature hardwood floors, updated kitchens and bathrooms, recessed lighting, and stainless-steel appliances. Skylights bring natural light into the upper unit. A finished basement has a separate entrance.
The property was built in 1899 and is zoned R6. Separate boilers and individual gas and electric meters serve the apartments. Restaurants, shopping, nightlife, public transportation, and neighborhood amenities are nearby, with access to the J and L trains.
The property was built in 1899 and is zoned R6. Separate boilers and individual gas and electric meters serve the apartments. Restaurants, shopping, nightlife, public transportation, and neighborhood amenities are nearby, with access to the J and L trains.
Key Highlights
- Two apartments: a four‑bedroom, two‑bath unit and a separate two‑bedroom unit
- 2,296 square feet on a 20‑by‑100‑foot lot
- Two‑story brick building constructed in 1899
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.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
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 - R6-zoned property combines two apartments with a finished basement and its own entrance.
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: a four‑bedroom, two‑bath unit and a separate two‑bedroom unit; 2,296 square feet on a 20‑by‑100‑foot lot; Two‑story brick building constructed in 1899
