Two-Family Home in
995 E 58th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property size:
2,552 SFLot size:
0.08 AcresPrice / SF:
$461/SF- Added:
- May 3, 2026
- Days on Market:
- 14
- Last Refresh:
- May 16 at 9:06 am
Property Features for 995 E 58th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Patio and Porch features
- Patio
- Interior features
- A/C Unit - Wall, Laundry Area, Patio Garden, Refrigerator, Stove, Terrace, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,552 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10517
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick, Masonry
Listing agent Lana Headley License #10301207675 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date May 3, 2026
MLS# 501102
Listing URL
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
- Two spacious, move‑in‑ready 3‑bedroom, 2‑bathroom apartments offering immediate rental income or multi‑generational living.
- Renovated finished basement with separate entrance, wet bar, luxurious bathroom, and flexible bonus room adds significant living space and potential income.
- Long private driveway provides ample off‑street parking, a valuable amenity in Brooklyn.
- Convenient location near public transportation (bus lines B82, BM1, and B47) and shopping centers (Georgetown, Kings Plaza) offers easy access to amenities.
- Built in 2004, this well‑maintained brick two‑family home provides modern construction and updated features.
- Private backyard offers a relaxing and entertaining outdoor space.
Overview
Located in the Flatlands neighborhood of Brooklyn, this semi-detached two-family brick home was built in 2004 and is move-in ready. The property features a long private driveway and offers two spacious 3-bedroom, 2-bathroom apartments with a similar layout, plus a renovated finished basement with separate exterior access. The property is equipped with an alarm system and surveillance cameras. The basement includes mini-split A/C units. Each unit has its own boiler and hot water tank. The first-floor apartment features a living and dining room combo, a kitchen, a full bathroom, and three bedrooms with closets. The primary bedroom includes a private full bathroom. Hardwood floors are installed throughout the unit, and it offers direct basement access. The top-floor apartment includes a front balcony off the living room and mirrors the same layout as the first floor. The renovated lower level showcases recessed lighting, marble tile floors, a family room, two mini-split A/C units, and a wet bar. The bathroom features a smart bidet toilet and a glass shower with rain and spa system. A bonus room offers flexible space. There is also a laundry room with washer and dryer, a closet, extra storage, a utility room with two boilers and hot water tanks, plus direct backyard access. The private backyard is suitable for relaxing and entertaining, while the long driveway provides ample parking. The property is located near transportation on Flatlands Avenue and Avenue K, with access to MTA bus lines B82, BM1, and B47. It is also close to shopping on Flatlands Avenue, Ralph Avenue, Georgetown Shopping Center, Canarsie Plaza, Kings Plaza, Terminal Market, plus cafes, restaurants, and other amenities. The property is zoned R3-2 and has a lot size of 0.0803 acres. The property size is 2552 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$993.1K
NOI $89,375 @ 9.00% cap · cautious / downside scenario
Moderate
$1.28M
NOI $89,375 @ 7.00% cap · market / base-case scenario
Aggressive
$1.79M
NOI $89,375 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.2k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $127.7k | $50.03 |
| − OpEx | −$38.3k | −$15.01 |
| NOI | $89.4k | $35.02 |
2,552 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.920091
- Latitude
- 40.630463
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with finished basement and private driveway.
Where is this duplex located?
The property is located at 995 E 58th Street 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 spacious, move‑in‑ready 3‑bedroom, 2‑bathroom apartments offering immediate rental income or multi‑generational living.; Renovated finished basement with separate entrance, wet bar, luxurious bathroom, and flexible bonus room adds significant living space and potential income.; Long private driveway provides ample off‑street parking, a valuable amenity in Brooklyn.
