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Two-Property Package in Marine Park

2055 Coleman Street Brooklyn, NY 11234

2055 Coleman Street, Brooklyn, NY, 11234
$1,398,880
For Sale
Claim this Listing
$1,398,880

MULTI_FAMILY - Brooklyn, NY

Property Size1,920 SF
Lot Size0.14 Acres
Price / SF$728.58
AddedApr 6
Days on Market101
Last RefreshJul 15 at 7:06 am

Property Features for 2055 Coleman Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking features
Garage, Garage - Attached
Patio and Porch features
Patio
Interior features
A/C Unit, Dryer, Patio Garden, Washer
Basement
Finished
Standard status
Active
Size
1,920 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Annual Amount
9770

Building Details

Number of units
2
Flooring type
Hardwood, Tile, Ceramic

Listing agent Stephanie Dong Chin

Listing office New World Realty Group LLC 2074 E 14th St, Brooklyn, NY

Listing date Apr 6, 2026

MLS# 500286 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.


Investment Insights

Based on property information with market context.

Located in Marine Park, Brooklyn, the property at 2055 & 2059 Coleman Street is a package featuring two properties. It includes a detached 2-family home on a 40x100 lot, plus an adjoining 20x100 lot, totaling 60x100. The property offers potential for end-users, investors, or builders, including space for expansion. The building size is 24x40. The first floor features a 2-bedroom layout with a living room, dining room, and eat-in kitchen, including a modern bath with a double vanity. The second floor offers a flexible 1-2 bedroom layout, a large living room, dining room, and eat-in kitchen, plus attic and a semi-finished basement. A detached 2-car garage and a large private driveway provide parking for multiple vehicles. The backyard is oversized. The property is located near the golf course, Marine Park, Snake Park, and the Salt Marsh Nature Center, with access to transportation, shops, and dining. The lot size is 0.1377 acres, and the property size is 1920 square feet.

Key Highlights

  • Two‑property package: 2055 & 2059 Coleman Street, including a well‑maintained detached 2‑family home plus adjoining lot(s)
  • Total lot size 60x100 (40x100 lot plus adjoining 20x100 lot) with room for expansion
  • 24x40 building with first‑floor 2‑bedroom layout featuring living room, dining room, EIK, and a modern bath with double vanity

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $97.9k $51.00
− Vacancy −$1.9k −$0.97
EGI $96.1k $50.03
− OpEx −$28.8k −$15.01
NOI $67.2k $35.02
1,920 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$960.6K
$840.5K – $1.12M (±1% cap)
NOI $67,242 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$837.4K
$732.7K – $976.9K (±1% cap)
NOI $58,616 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M (±1% cap)
NOI $111,283 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Nursing Home Hotel & Motel Garden Center Travel Agency Butcher Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two properties with expansion potential in a vibrant Brooklyn community.
Where is this duplex located?
The property is located at 2055 Coleman Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,398,880.
What are key features of this property?
This property features: Two‑property package: 2055 & 2059 Coleman Street, including a well‑maintained detached 2‑family home plus adjoining lot(s); Total lot size 60x100 (40x100 lot plus adjoining 20x100 lot) with room for expansion; 24x40 building with first‑floor 2‑bedroom layout featuring living room, dining room, EIK, and a modern bath with double vanity
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