For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brooklyn Multifamily Investment Opportunity Title is generated by Realmo AI

    227 55th Street, Brooklyn, NY 11220

    View on Map
    Claim this Listing
    For Sale
    $1,369,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    3,792 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $361/SF
    Added:
    Apr 22, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 21 at 7:06 pm

    Property Features for 227 55th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    6
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 1, Bathroom 4
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    3,792 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11611

    Building Details

    Number of units
    6
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Elizabeth Rojas

    Listing agent Elizabeth Rojas

    Listing office Kirin Real Estate LLC 1186 Hylan Blvd, Grd Floor, Brooklyn, NY

    Listing date Apr 22, 2026

    MLS# 500576 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 six‑family building with a flat roof in Sunset Park, Brooklyn
    • Unit mix: 2 spacious 1‑bedroom units and 4 2‑bedroom units
    • Full basement with storage
    • Major updates include brand‑new roof, new heating and boiler, and updated electrical
    • Interior flooring includes hardwood and tile
    • Served by R & N train subway stations and B11 & B63 bus routes

    Overview

    This is a six-family building located in the Sunset Park neighborhood of Brooklyn. The all-brick building contains two one-bedroom units and four two-bedroom units. The property also features a full basement that offers storage space and potential for other uses. The building has undergone major capital improvements, including a new roof, new heating system and boiler, and updated electrical systems. Transportation options include proximity to the R and N train subway stations, as well as the B11 and B63 bus routes, providing access to Downtown Brooklyn and Manhattan. The property is located near local dining options, markets, schools, hospitals, and Sunset Park. The lot size is 0.046 acres and the building size is 3792 square feet.

    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 $191.1k $50.40
    − Vacancy −$7.3k −$1.92
    EGI $183.9k $48.48
    − OpEx −$82.7k −$21.82
    NOI $101.1k $26.67
    3,792 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.44M
    $1.26M – $1.69M (±1% cap)
    NOI $101,120 @ 7.0% cap · market cap 7.39%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.46M
    $2.15M – $2.87M (±1% cap)
    NOI $172,078 @ 7.0% cap · market cap 12.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.018968
    Latitude
    40.646047

    FAQs

    What type of property is this?
    Apartment building - Six-family building in Sunset Park, Brooklyn with recent upgrades.
    Where is this apartment building located?
    The property is located at 227 55th Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,369,000.
    What are key features of this property?
    This property features: All‑brick six‑family building with a flat roof in Sunset Park, Brooklyn; Unit mix: 2 spacious 1‑bedroom units and 4 2‑bedroom units; Full basement with storage
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message