947 59th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 947 59th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 8, Bathroom 7, Bedroom 4, Bedroom 3, Bedroom 10, Bedroom 9, Bathroom 8, Bathroom 3, Bedroom 2, Bedroom 11, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 5, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14409
Building Details
- Year built
- 1990
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Jun 26, 2026
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.
HighLights
- Attached brick 4‑family building built in 1990 with a flat roof
- Building size 20×75 on a 20×100 lot
- 1st floor: 2 beds and 2 baths; 2nd, 3rd, and 4th floors: 3 beds and 2 baths each
- Full finished basement for additional usable space
- Heat and hot water are separately supplied
- Hardwood and tile flooring; interiors include refrigerator and stove
Overview
The property is located at 947 59th Street in Brooklyn, within R6 zoning. The surrounding area provides day-to-day convenience with access to shopping, restaurants, schools, parks, and public transportation.
For tenants and owner-occupants, the unit mix supports both smaller and larger household needs, with each upper-floor residence offering three bedrooms and two bathrooms. The full finished basement can serve as added living or functional space, while separately supplied heat and hot water add operational convenience for residents. This is a straightforward four-family investment or conversion-consideration property for buyers seeking an income-producing residential income asset with multiple multi-bedroom units.
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 | $259.2k | $43.20 |
| − Vacancy | −$11.7k | −$1.94 |
| EGI | $247.5k | $41.26 |
| − OpEx | −$74.3k | −$12.38 |
| NOI | $173.3k | $28.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.005379
- Latitude
- 40.634163
