Mixed-Use Property with Community
For Sale
$3,880,000
731 58th Street, Brooklyn, NY 11220
Two-family residential space is combined with a community-facility component in Brooklyn’s 11220 area.
Property Size3,840 SF
Lot Size0.05 Acres
Price / SF$1,010
Days on Market95
Property Features for 731 58th Street
General Information
Standard status
Active
Size
3,840 SF
Lot size
0.05 Acres
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
FengZhen (Cindy) Chen
(718) 680-2776
Source:
Prideestates
Added: Jul 18
Changed: Oct 16
Last Checked: Oct 19 at 6:32AM
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 E House Realty & Mgt. Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property contains a two-family residential component together with one community-facility component. The building measures 3,840 square feet on a 20-by-100-foot lot, with a building footprint measuring 20 by 72 feet. Separate heating and hot-water systems serve the property.
The property is located at 731 58th Street in Brooklyn, within ZIP Code 11220. Shopping, restaurants, and a school are identified in the surrounding area. Water costs are allocated with commercial units paying 25% of the bill, while annual taxes are handled separately.
The property is located at 731 58th Street in Brooklyn, within ZIP Code 11220. Shopping, restaurants, and a school are identified in the surrounding area. Water costs are allocated with commercial units paying 25% of the bill, while annual taxes are handled separately.
Key Highlights
- Mixed‑use property with 2 family units and 1 community‑facility component
- 3,840‑square‑foot building on a 20x100‑foot lot
- Building measures 20x72 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,335
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,700
$2.3M
Cap Rate 7%
$1,633,357
$1.6M
Cap Rate 9%
$1,270,389
$1.3M
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$170.5K $44.40/SF
− Vacancy
−$7.2K −$1.86/SF
EGI
$163.3K $42.54/SF
− OpEx
−$49.0K −$12.76/SF
NOI
$114.3K $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%
$2,286,700
Cap Rate 7%
$1,633,357
Cap Rate 9%
$1,270,389
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,335 @ 7.0% cap · market cap 2.95%
Second Best
Mixed Use
$1.51M
$1.32M – $1.77M
NOI $105,984 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,256 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,012
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
Mixed-use property - Two-family residential space is combined with a community-facility component in Brooklyn’s 11220 area.
Where is this mixed-use property located?
The property is located at 731 58th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: Mixed‑use property with 2 family units and 1 community‑facility component; 3,840‑square‑foot building on a 20x100‑foot lot; Building measures 20x72 feet
