Detached 2-Family Brick
824 59th St Brooklyn, NY 11220
824 59th St, Brooklyn, NY, 11220
$2,388,000
For Sale
$2,388,000
Detached brick duplex with 3 bedrooms over 3 bedrooms plus full basement on a 20' x 100' lot.
Property Size2,320 SF
Lot Size0.05 Acres
Price / SF$1,029
Days on Market18
Property Features for 824 59th St
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
Ben Bay Realty Co
(718) 238-6080
Listed by
Anthony Mussolino
(718) 238-6080
Source
Elliman
Added: Jul 5 Updated: Jul 21 at 2:18AM Checked: Jul 22 at 10:20AM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
Located steps off 8th Ave, this fully detached 2-family brick home offers a 3-bedroom layout over 3 bedrooms, along with a full basement. The property is in need of renovation, with a reported survey attached for architectural review. The lot measures 20' x 100', and the house size is listed as 20' x 62' for the first floor and 20' x 54' for the second floor.
Zoned R6 with a C1-3 overlay, the home is being offered for sale at $2,388,000, with cash and 203k loan buyers preferred. The seller provided bikeScore 76 (very bikeable), walkScore 95 (walker's paradise), and transitScore 95 (rider's paradise) in the public remarks.
Zoned R6 with a C1-3 overlay, the home is being offered for sale at $2,388,000, with cash and 203k loan buyers preferred. The seller provided bikeScore 76 (very bikeable), walkScore 95 (walker's paradise), and transitScore 95 (rider's paradise) in the public remarks.
Key Highlights
- Detached brick two‑family home (duplex) built in 1925, with 3 beds over 3 beds
- Full basement included
- 20' x 100' lot; house size is 20' x 62' (first floor) and 20' x 54' (second floor)
Local Financial Insights For Multifamily LT 5
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 | $103.0k | $44.40 |
| − Vacancy | −$4.3k | −$1.86 |
| EGI | $98.7k | $42.54 |
| − OpEx | −$29.6k | −$12.76 |
| NOI | $69.1k | $29.77 |
2,320 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$986.8K
$863.5K – $1.15M
NOI $69,077 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$883.8K
$773.3K – $1.03M
NOI $61,867 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,280 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached brick duplex with 3 bedrooms over 3 bedrooms plus full basement on a 20' x 100' lot.
Where is this duplex located?
The property is located at 824 59th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: Detached brick two‑family home (duplex) built in 1925, with 3 beds over 3 beds; Full basement included; 20' x 100' lot; house size is 20' x 62' (first floor) and 20' x 54' (second floor)
