524 E 56th, Brooklyn, NY 11203
- Added:
- Mar 3, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 11 at 3:06 pm
Property Features for 524 E 56th
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 100
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
- Parking features
- Garage, Garage - Detached, Underground/Basement
- Standard status
- Active
- Size
- 1,703 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Year renovated
- 194
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Letitia Maddison (347) 406-8007
Listing office MADDISON LETITIA 834 E 22ND STREET, BROOKLYN, NY (718) 490-5703
Listing date Mar 3, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family house: Ideal for investors or multi‑generational living.
- Ranch style: Offers single‑story living.
- Brick construction: Provides durability and low maintenance.
- Garage: Includes detached and underground/basement parking options.
- Spacious: Provides ample living space.
- Front and back entrance on each floor: Offers convenience and privacy.
Overview
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 | $86.9k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $85.2k | $50.03 |
| − OpEx | −$25.6k | −$15.01 |
| NOI | $59.6k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.924005
- Latitude
- 40.643777
