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    Property profile & analytics

    590 Maple St Brooklyn, NY 11203

    • Apartment buildings
    • 6,000 SF
    • 0.06 lot acres
    For Sale
    View listing
    $875,000
    Last Sale
    Mar 31, 2025
    $968,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2662672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 590 Maple St

    Year built
    1931
    Lot size
    0.06 lot acres
    Property size
    6,000 SF
    Zone code
    R6
    Property type
    Apartment buildings
    APN
    04799-0024
    APU
    47990024

    Description

    This exceptional investment opportunity presents a six-unit apartment building located at 590 Maple St, Brooklyn, NY 11203, in Kings County. The property, built in 1931, boasts a substantial 6,000 square feet of space, situated on a 2,500 square foot lot. Currently operating at 100% occupancy, this stabilized multifamily investment offers a compelling value proposition. The asking price is $999,000, translating to $166,500 per unit and $166.50 per square foot. The building is classified as Class B and is zoned R6, allowing for potential future development or expansion, subject to third-party approvals. The brick structure features an extra-wide frontage, enhancing its curb appeal and potential for future value appreciation. This is a primely located property, sold as-is, with the understanding that occupants should not be disturbed. The property's strong occupancy rate and desirable location make it an attractive investment for both seasoned and emerging real estate investors. Detailed financial information is available upon request. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $815,000
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $952,000
      Market price range: $565k - $1.11M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $780,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9412
    Latitude
    40.6612
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,807
    $4,050
    $358,830
    $362,880
    -
    $9,000
    $797,400
    $806,400

    Comparable in this City

    • Value Estimation
      $2,535,000
      48,150 SF

      740 Clarkson Ave

      APARTMENT HOUSE (5+ UNITS) • 48,150 SF
      740 Clarkson Ave, Brooklyn, NY 11203-2257
      View Details
    • Value Estimation
      $2,300,000
      55,164 SF

      1304 New York Ave, Unit 54

      APARTMENT HOUSE (5+ UNITS) • 55,164 SF
      1304 New York Ave, Brooklyn, NY 11203-6156
      View Details
    • Value Estimation
      $3,265,000
      18,560 SF

      702 New York Ave, Unit 708

      APARTMENT HOUSE (5+ UNITS) • 18,560 SF
      702 New York Ave, Brooklyn, NY 11203-1260
      View Details
    • Value Estimation
      $30,270,000
      256,330 SF

      560 Winthrop St

      APARTMENT HOUSE (5+ UNITS) • 256,330 SF
      560 Winthrop St, Brooklyn, NY 11203-1783
      View Details
    • Value Estimation by Request

      702 51St St

      Multifamily properties
      702 51St St, Brooklyn, NY 11203
      View Details
    • Value Estimation
      $2,765,000
      102,871 SF

      738 Albany Ave

      APARTMENT HOUSE (5+ UNITS) • 102,871 SF
      738 Albany Ave, Brooklyn, NY 11203-2164
      View Details

    Similar Nearby for Sale

    • $875,000
      6,000 SF

      Brooklyn Multifamily Investment Opportunity

      Fully occupied six-family apartment building for sale in Brooklyn.
      590 Maple St, Brooklyn, NY 11203
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    • $1,049,000

      East Flatbush Multifamily Investment Opportunity

      Six-family building in excellent condition with income potential.
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    • $999,000
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      Multifamily property in Sunset Park, Brooklyn, ideal for investment.
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    • $999,999
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      Brooklyn Six-Family Investment Property

      Well-maintained 6-family brick building in East Flatbush, Brooklyn.
      243 E 51St St, Brooklyn, NY 11203
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    • $1,200,000
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      Brooklyn Multi-Unit Investment Opportunity

      Multi-unit property in Brooklyn's Wingate section with high income potential.
      584 Maple St, Brooklyn, NY 11203
      View Details
    • $2,600,000
      5,400 SF

      Brooklyn Mixed-Use Investment Opportunity

      Well-maintained mixed-use building in East Flatbush with commercial and residential units.
      4823 Church Ave, Brooklyn, NY 11203
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Spacious Apartment Near Transportation

      Large 2-bedroom apartment with hardwood floors and stainless steel appliances.
      132 E 52Nd St, Brooklyn, NY 11203
      View Details
    • $2,100 /Mo

      East Flatbush One-Bedroom Apartment

      One-bedroom apartment in East Flatbush, available for rent.
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      View Details
    • $2,800 /Mo

      Brooklyn Multifamily Property for Rent

      Multifamily property available for rent in Brooklyn, New York.
      801 Albany Ave, Brooklyn, NY 11203
      View Details
    • Contact for pricing
      200 SF

      Brooklyn Commercial Kitchen Space

      Prime 250 sq ft Ghost Kitchen, Utica Ave
      1140 Utica Ave, Brooklyn, NY 11203
      View Details
    • $50 SF/Yr
      6,300 SF

      Prime East Flatbush Retail Space

      Retail space in high-traffic East Flatbush location with signage opportunity.
      746 Utica Ave, Brooklyn, NY 11203
      View Details
    • $12,000 /Mo
      4,500 SF

      Brooklyn Retail Space with Parking

      Corner retail location in Brooklyn with parking included in rent.
      5402-5408 Church Ave, Brooklyn, NY 11203
      View Details
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    590 Maple St
    Brooklyn, NY 11203
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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