All-Brick Two-Family Duplex with
For Sale
$1,080,000
2069 E 55th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,100 SF
Lot Size0.05 Acres
Price / SF$981.82
Days on Market133
Property Features for 2069 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3
Patio and Porch features
Porch
Interior features
A/C Unit, A/C Unit - Wall, Porch
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,100 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8451
Amenities
balconies
hardwood floors
finished vacant level
large yard
Building Details
Year built
1970
Number of units
2
Flooring type
Laminate, Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tree of Life Realty & Mgmt LLC
(646) 710-0602
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Apr 22
Changed: Aug 16
Last Checked: Sep 1 at 9:06AM
MLS# 500780
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.
An all-brick two-family duplex with two 3-bedroom apartments, each featuring 1.5 baths, eat-in kitchens, and open living/dining and dining/room layouts. The home includes balconies and hardwood floors throughout, with a porch and flat roof. A finished vacant level adds a full bath, washer/dryer hookups, and backyard access.
The property sits on a 0.0505-acre lot and includes a private driveway for two cars. The interior includes A/C units and flooring spanning hardwood, laminate, and tile. Built in 1970, this duplex is configured for both investor and end-user occupancy.
Additional practical details include multiple bathrooms across the layout (Rooms listed as Bathroom 1 through Bathroom 5), and exterior backyard access that supports flexible day-to-day use.
The property sits on a 0.0505-acre lot and includes a private driveway for two cars. The interior includes A/C units and flooring spanning hardwood, laminate, and tile. Built in 1970, this duplex is configured for both investor and end-user occupancy.
Additional practical details include multiple bathrooms across the layout (Rooms listed as Bathroom 1 through Bathroom 5), and exterior backyard access that supports flexible day-to-day use.
Key Highlights
- All‑brick two‑family duplex with flat roof
- Two 3‑bedroom apartments with 1.5 baths, eat‑in kitchens, and balconies
- Finished vacant level with full bath, washer/dryer hookups, and backyard access
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
$38,524
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
3.57%
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%
$770,480
$770.5K
Cap Rate 7%
$550,343
$550.3K
Cap Rate 9%
$428,044
$428.0K
Market Conditions
NOI Build-Up for 1,100 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
$56.1K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$55.0K $50.03/SF
− OpEx
−$16.5K −$15.01/SF
NOI
$38.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
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%
$770,480
Cap Rate 7%
$550,343
Cap Rate 9%
$428,044
Alternative Uses
Best Use
Multifamily LT 5
$550.3K
$481.6K – $642.1K
NOI $38,524 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$479.7K
$419.8K – $559.7K
NOI $33,582 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,008
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 - Two 3-bedroom units plus a finished vacant level with full bath, washer/dryer hookups, and backyard access.
Where is this duplex located?
The property is located at 2069 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: All‑brick two‑family duplex with flat roof; Two 3‑bedroom apartments with 1.5 baths, eat‑in kitchens, and balconies; Finished vacant level with full bath, washer/dryer hookups, and backyard access
