Vacant Two-Family Duplex
322 56th Street Brooklyn, NY 11220
322 56th Street, Brooklyn, NY, 11220
$1,328,888
For Sale
$1,328,888
MULTI_FAMILY - Brooklyn, NY
Property Size2,352 SF
Lot Size0.05 Acres
Price / SF$565
Days on Market17
Property Features for 322 56th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5891
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Tiger Realty
(917) 708-9966
1484 86th Street, Brooklyn, NY
Listed by
Yawei (Angel) Yang
(917) 708-9966
Added: Jul 2 Checked: Jul 18 at 12:06 am
MLS# 502738
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.
This vacant two-family residence is set up to generate rental income, with a large 1-bedroom apartment on the first floor and a spacious 4-bedroom duplex configured across the second and third floors. The property also includes a full basement with high ceilings, providing additional functional space.
Zoned R6B, the home is reported as move-in ready and will be delivered vacant. Listing details note convenient transit access along with proximity to shops, restaurants, and local amenities.
With a total size of 2,352 square feet and a lot size of 0.046 acres, this is a straightforward multifamily layout well suited for an owner-occupant or an investor seeking a property with separate units and immediate availability.
Zoned R6B, the home is reported as move-in ready and will be delivered vacant. Listing details note convenient transit access along with proximity to shops, restaurants, and local amenities.
With a total size of 2,352 square feet and a lot size of 0.046 acres, this is a straightforward multifamily layout well suited for an owner-occupant or an investor seeking a property with separate units and immediate availability.
Key Highlights
- 2‑family home with a 4‑bedroom duplex on the 2nd and 3rd floors plus a large 1‑bedroom unit on the 1st floor
- Full basement with high ceilings
- Move‑in ready property that will be delivered vacant
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 | $104.4k | $44.40 |
| − Vacancy | −$4.4k | −$1.86 |
| EGI | $100.0k | $42.54 |
| − OpEx | −$30.0k | −$12.76 |
| NOI | $70.0k | $29.77 |
2,352 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.4K – $1.17M
NOI $70,030 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$896.0K
$784.0K – $1.05M
NOI $62,720 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,732 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brogan Ganley - Wellness
Alternative Medicine Practice
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FAQs
What type of property is this?
Duplex - Two-family home with a 4-bedroom duplex over the upper floors and a 1-bedroom unit on the first floor.
Where is this duplex located?
The property is located at 322 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,328,888.
What are key features of this property?
This property features: 2‑family home with a 4‑bedroom duplex on the 2nd and 3rd floors plus a large 1‑bedroom unit on the 1st floor; Full basement with high ceilings; Move‑in ready property that will be delivered vacant
