Brick Duplex with Finished
For Sale
$1,179,000
Pending
995 E 58th St, Brooklyn, NY 11234
Semi-detached two-family home with private parking, separate unit systems, and an upgraded lower level.
Property Size2,552 SF
Days on Market124
Property Features for 995 E 58th St
General Information
Standard status
Pending
Size
2,552 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,517
Amenities
alarm system
surveillance cameras
hardwood floors
front balcony
recessed lighting
marble tile floors
wet bar
smart bidet toilet
glass shower with rain and spa system
laundry room with washer and dryer
private backyard
long private driveway
Building Details
Building Size
2,552 SF
Year Built
2004
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Lana Headley · License #10301207675
(718) 532-2000
Source:
Elliman
Added: May 9
Changed: Aug 31
Last Checked: Sep 9 at 7:35AM
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 Re/Max Real Estate Professiona
Investment Insights
Based on property information with market context.
Built in 2004, this semi-detached brick duplex contains two similarly configured apartments, each with three bedrooms, two full bathrooms, hardwood flooring, and its own boiler and hot water tank. The first-floor residence connects directly to the lower level, while the upper apartment adds a front balcony. Both units include living and dining areas, kitchens, closets, and primary bedrooms with private bathrooms.
The renovated basement has separate exterior and backyard access, a family room, wet bar, bonus room, laundry area, storage, utility space, recessed lighting, marble tile, and two mini-split A/C units. A smart bidet toilet and glass shower with rain and spa features add to the finished space. The property also includes an alarm system, surveillance cameras, a long private driveway, and a backyard. Located near Flatlands Avenue and Avenue K, it has access to MTA bus lines B82, BM1, and B47, with shopping and dining nearby.
The renovated basement has separate exterior and backyard access, a family room, wet bar, bonus room, laundry area, storage, utility space, recessed lighting, marble tile, and two mini-split A/C units. A smart bidet toilet and glass shower with rain and spa features add to the finished space. The property also includes an alarm system, surveillance cameras, a long private driveway, and a backyard. Located near Flatlands Avenue and Avenue K, it has access to MTA bus lines B82, BM1, and B47, with shopping and dining nearby.
Key Highlights
- Two 3‑bedroom, 2‑bathroom apartments with similar layouts
- Renovated finished basement with family room, wet bar, bonus room, laundry, and separate exterior access
- Built in 2004 as a semi‑detached brick two‑family home
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
$89,375
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
7.58%
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%
$1,787,500
$1.8M
Cap Rate 7%
$1,276,786
$1.3M
Cap Rate 9%
$993,056
$993.1K
Market Conditions
NOI Build-Up for 2,552 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
$130.2K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$127.7K $50.03/SF
− OpEx
−$38.3K −$15.01/SF
NOI
$89.4K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$1,787,500
Cap Rate 7%
$1,276,786
Cap Rate 9%
$993,056
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,375 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$1.11M
$973.9K – $1.30M
NOI $77,910 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,914 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Semi-detached two-family home with private parking, separate unit systems, and an upgraded lower level.
Where is this duplex located?
The property is located at 995 E 58th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom apartments with similar layouts; Renovated finished basement with family room, wet bar, bonus room, laundry, and separate exterior access; Built in 2004 as a semi‑detached brick two‑family home
