Brick Duplex
New
For Sale
$750,000
351 E 56th Street, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,633 SF
Lot Size0.03 Acres
Price / SF$459.28
Days on Market2
Property Features for 351 E 56th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Patio and Porch features
Porch
Interior features
Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
1,633 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6114
Amenities
private parking
Building Details
Year built
1935
Floors in Building
2
Flooring type
Carpet, Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Citadel Circle Realty
Listed By:
Audwin Boyce
(718) 717-8251
Added: Oct 5
Last Checked: Oct 6 at 12:06AM
MLS# 505068
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 duplex property contains 1,633 square feet on a 0.0325-acre lot. Built in 1935, it has a brick exterior, a flat roof, and a porch. Interior features include a microwave, refrigerator, and stove, with carpet and hardwood flooring. The property is zoned R4 and is located in Brooklyn, New York.
Key Highlights
- 1,633 square feet of property area
- 0.0325‑acre lot
- R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,190
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,800
$1.1M
Cap Rate 7%
$817,000
$817.0K
Cap Rate 9%
$635,444
$635.4K
Market Conditions
NOI Build-Up for 1,633 SF
Gross rent
$83.3K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$81.7K $50.03/SF
− OpEx
−$24.5K −$15.01/SF
NOI
$57.2K $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 Rate 5%
$1,143,800
Cap Rate 7%
$817,000
Cap Rate 9%
$635,444
Alternative Uses
Best Use
Multifamily LT 5
$817.0K
$714.9K – $953.2K
NOI $57,190 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$712.2K
$623.2K – $830.9K
NOI $49,854 @ 7.0% cap · market cap 6.65%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,649 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The 1,633-square-foot property has R4 zoning and a porch.
Where is this duplex located?
The property is located at 351 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,633 square feet of property area; 0.0325‑acre lot; R4 zoning
