Four-Story Building with
774 59th Street Brooklyn, NY 11220
New
774 59th Street, Brooklyn, NY, 11220
$7,500,000
For Sale
$7,500,000
COMMERCIAL - Brooklyn, NY
Property Size6,800 SF
Lot Size0.05 Acres
Price / SF$1,102
Days on Market1
Property Features for 774 59th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6
- Basement
- Full
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 64261
Building Details
- Year built
- 1923
- Number of units
- 7
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Renzhang Danny Dong · License #RD7348
(718) 612-3088
Added: Jul 16 Checked: Jul 16 at 9:06 pm
MLS# 503039
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 four-story commercial building offers a mixed-use configuration with a restaurant on the first floor and two office suites on each of the second, third, and fourth floors, for a total of six office spaces above the commercial unit. The property is presented as an investment opportunity with strong income performance described in the remarks.
Located at 774 59th Street in Brooklyn, NY 11220, the building is positioned just off the 8th Avenue commercial corridor, near the intersection of 8th Avenue and 59th Street. The remarks indicate strong local business presence, heavy foot traffic, and convenient public transportation, along with proximity to shopping, restaurants, and neighborhood amenities.
Zoned R6, the property is offered for sale. Please call for the income and expenses breakdowns.
Located at 774 59th Street in Brooklyn, NY 11220, the building is positioned just off the 8th Avenue commercial corridor, near the intersection of 8th Avenue and 59th Street. The remarks indicate strong local business presence, heavy foot traffic, and convenient public transportation, along with proximity to shopping, restaurants, and neighborhood amenities.
Zoned R6, the property is offered for sale. Please call for the income and expenses breakdowns.
Key Highlights
- Four‑story brick commercial building built in 1923
- Flat roof and tile flooring
- 1st floor restaurant space with commercial unit
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $310.1k | $45.60 |
| − Vacancy | −$23.3k | −$3.42 |
| EGI | $286.8k | $42.18 |
| − OpEx | −$71.7k | −$10.55 |
| NOI | $215.1k | $31.64 |
6,800 SF · lease $45.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 2.87%
Second Best
Office B
$2.90M
$2.54M – $3.38M
NOI $203,062 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,579 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nai Brother
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Restaurant on the first floor with six office suites across the upper three levels in an R6 zoned building.
Where is this office units located?
The property is located at 774 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Four‑story brick commercial building built in 1923; Flat roof and tile flooring; 1st floor restaurant space with commercial unit
