Brooklyn Two-Family Brick
2068 E 55th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property size:
2,536 SFLot size:
0.05 AcresPrice / SF:
$393/SF- Added:
- May 12, 2026
- Days on Market:
- 20
- Last Refresh:
- May 31 at 7:06 am
Property Features for 2068 E 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- Standard status
- Active
- Size
- 2,536 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8214
Building Details
- Year built
- 1965
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Carpet, Ceramic
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Chun Sung Ng Richard (718) 234-7777
Listing office Bay Sun Realty Inc. 1407 W 8th Street, Brooklyn, NY (718) 234-7777
Listing date May 12, 2026
MLS# 501371
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
- All Brick 2 Family in Old Mill Basin: Ideal for investment or owner‑occupancy.
- Rental Income: Includes rented parking spaces and garage for additional revenue.
- Prime Location: Close proximity to Avenue U, Kings Plaza shopping center, Home Depot, and Lowe's.
- Convenient Access: Near transportation, restaurants, schools, and parks.
- Solid Construction: Built in 1965 with brick construction and asphalt roof.
- Features 5 Bedrooms and 3 Bathrooms.
Overview
This attached all-brick two-family residence is located in Old Mill Basin, Brooklyn. The property is suitable as an investment property or for an end user. It is situated near Avenue U, Kings Plaza shopping center, Home Depot, and Lowe's hardware stores. Transportation options, restaurants, schools, and parks are also nearby. The property includes two rented parking spaces and a rented garage. The lot size is 0.0451 acres and the property size is 2,536 square feet. The zoning is R5.
Local Financial Insights For Apartment 5plus
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 | $143.6k | $56.64 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $140.8k | $55.51 |
| − OpEx | −$63.3k | −$24.98 |
| NOI | $77.4k | $30.53 |
2,536 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$967.8K – $1.29M
NOI $77,421 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $146,987 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.92034
- Latitude
- 40.611892
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Two-family brick residence in Old Mill Basin, Brooklyn.
Where is this multifamily property located?
The property is located at 2068 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: All Brick 2 Family in Old Mill Basin: Ideal for investment or owner‑occupancy.; Rental Income: Includes rented parking spaces and garage for additional revenue.; Prime Location: Close proximity to Avenue U, Kings Plaza shopping center, Home Depot, and Lowe's.
