Brick Four-Family
For Sale
$2,950,000
947 59th Street, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size6,000 SF
Lot Size0.05 Acres
Price / SF$491.67
Days on Market107
Property Features for 947 59th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
11
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bathroom 7, Bedroom 9, Bathroom 8, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 10, Bathroom 4, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 11, Bedroom 2, Bedroom 6, Bathroom 5
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sunset Park
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 Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jun 26
Changed: Sep 16
Last Checked: Oct 10 at 9:06AM
MLS# 502625
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 attached brick quadplex contains four residential units across a 3.5-story above-ground building. The first floor includes 2 bedrooms and 2 bathrooms, while each of the second, third, and fourth floors has 3 bedrooms and 2 bathrooms. A full finished basement adds usable interior space. The building measures 20*55 and sits on a 20*100 lot, with 6,000 square feet of property size. Heat and hot water are separately supplied. Interior features include a refrigerator and stove, with tile and hardwood flooring throughout portions of the property.
Built in 1990 and zoned R6, the property is located at 947 59th Street in Brooklyn, NY 11219. Shopping, restaurants, schools, parks, and public transportation are identified in the surrounding area.
Built in 1990 and zoned R6, the property is located at 947 59th Street in Brooklyn, NY 11219. Shopping, restaurants, schools, parks, and public transportation are identified in the surrounding area.
Key Highlights
- Four‑family building with one 2‑bedroom, 2‑bath unit and three 3‑bedroom, 2‑bath units
- 3.5‑story above‑ground attached brick construction
- Full finished basement provides additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,275
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,465,500
$3.5M
Cap Rate 7%
$2,475,357
$2.5M
Cap Rate 9%
$1,925,278
$1.9M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$259.2K $43.20/SF
− Vacancy
−$11.7K −$1.94/SF
EGI
$247.5K $41.26/SF
− OpEx
−$74.3K −$12.38/SF
NOI
$173.3K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,465,500
Cap Rate 7%
$2,475,357
Cap Rate 9%
$1,925,278
Alternative Uses
Best Use
Multifamily LT 5
$2.48M
$2.17M – $2.89M
NOI $173,275 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,541 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,275 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
7,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Attached multifamily property with four residential units, a finished basement, and separately supplied heat and hot water.
Where is this quadplex located?
The property is located at 947 59th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Four‑family building with one 2‑bedroom, 2‑bath unit and three 3‑bedroom, 2‑bath units; 3.5‑story above‑ground attached brick construction; Full finished basement provides additional usable space
