Semi-Detached Brick
For Sale
$3,299,000
875 59th St, Brooklyn, NY 11220
Semi-detached brick four-family with 8 bedrooms and 4 full bathrooms, offering spacious rental layouts.
Property Size3,280 SF
Lot Size0.07 Acres
Days on Market18
Property Features for 875 59th St
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Building Size
3,280 SF
Year Built
1920
Construction
semi-detached brick
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 11 at 9:56AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This semi-detached brick four-family offers a straightforward multi-unit setup with a total of 8 bedrooms and 4 full bathrooms. The property is described as a 4-family configuration with 8-bedroom, 4-bathroom living space across the units.
The address is 875 59th St in Brooklyn’s Sunset Park area. The public remarks note convenience to shopping, restaurants, schools, parks, and public transportation.
At the building level, the property is reported as measuring 21 by 80 on a 28.5 by 100 lot.
The address is 875 59th St in Brooklyn’s Sunset Park area. The public remarks note convenience to shopping, restaurants, schools, parks, and public transportation.
At the building level, the property is reported as measuring 21 by 80 on a 28.5 by 100 lot.
Key Highlights
- Semi‑detached brick 4‑family building built in 1920
- Building dimensions of 21' x 80 on a 28.5' x 100 lot
- Total of 8 bedrooms and 4 full bathrooms across the four units
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
$97,661
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
2.96%
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%
$1,953,220
$2.0M
Cap Rate 7%
$1,395,157
$1.4M
Cap Rate 9%
$1,085,122
$1.1M
Market Conditions
NOI Build-Up for 3,280 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
$145.6K $44.40/SF
− Vacancy
−$6.1K −$1.86/SF
EGI
$139.5K $42.54/SF
− OpEx
−$41.9K −$12.76/SF
NOI
$97.7K $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%
$1,953,220
Cap Rate 7%
$1,395,157
Cap Rate 9%
$1,085,122
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.22M – $1.63M
NOI $97,661 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,467 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,844 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,482
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?
Quadplex - Semi-detached brick four-family with 8 bedrooms and 4 full bathrooms, offering spacious rental layouts.
Where is this quadplex located?
The property is located at 875 59th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: Semi‑detached brick 4‑family building built in 1920; Building dimensions of 21' x 80 on a 28.5' x 100 lot; Total of 8 bedrooms and 4 full bathrooms across the four units
