Brick Duplex with Private
For Sale
$949,000
1181 E 55th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size2,500 SF
Lot Size0.05 Acres
Price / SF$379.60
Days on Market273
Property Features for 1181 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Porch, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
2,500 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8520
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Talk of the Town Realty Corp.
(718) 251-7400
Listed By:
Arlene Peldman
(718) 251-7400
Added: Nov 28, 2025
Changed: Aug 4
Last Checked: Aug 28 at 11:06AM
MLS# 497617
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 brick duplex includes a 3-bedroom, 1.5-bath unit over a 2-bedroom, 1-bath walk-in apartment. The home also features a full finished basement with a summer kitchen and an additional 3/4 bath. Interior amenities include a dishwasher, dryer, refrigerator, stove, and washer. Flooring is hardwood and tile, and the exterior includes a porch.
Set on a 0.0459-acre lot, the property totals 2,500 square feet and was built in 1965. A private driveway provides parking for two cars.
Configured as a two-family residence, the layout is supported by multiple bathrooms and dedicated basement space with a summer kitchen, giving flexibility for day-to-day living and entertaining.
Set on a 0.0459-acre lot, the property totals 2,500 square feet and was built in 1965. A private driveway provides parking for two cars.
Configured as a two-family residence, the layout is supported by multiple bathrooms and dedicated basement space with a summer kitchen, giving flexibility for day-to-day living and entertaining.
Key Highlights
- 0.0459‑acre lot
- 2,500 square feet total
- R3‑2 zoning
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
$76,322
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
8.04%
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%
$1,526,440
$1.5M
Cap Rate 7%
$1,090,314
$1.1M
Cap Rate 9%
$848,022
$848.0K
Market Conditions
NOI Build-Up for 2,500 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
$141.6K $56.64/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$138.8K $55.51/SF
− OpEx
−$62.4K −$24.98/SF
NOI
$76.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,526,440
Cap Rate 7%
$1,090,314
Cap Rate 9%
$848,022
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 8.04%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,991
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex in R3-2 zoning with a private driveway for two cars and a full finished basement with summer kitchen.
Where is this duplex located?
The property is located at 1181 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 0.0459‑acre lot; 2,500 square feet total; R3‑2 zoning
