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 Market48
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: Aug 28
Last Checked: Sep 2 at 2:27AM
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.
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 = 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
$114,335
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
2.95%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
