Two-Unit Residential
For Sale
$999,999
1049 E 56th St, Brooklyn, NY 11234
A two-bedroom ground-floor residence sits below a three-bedroom upper-level duplex, with vacant delivery at closing.
Property Size2,380 SF
Lot Size0.05 Acres
Days on Market12
Property Features for 1049 E 56th St
General Information
Standard status
Active
Size
2,380 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,672
Building Details
Building Size
2,380 SF
Year Built
1960
Buildings
1
Stories
3
Listed By:
Irinna Chen
(718) 210-2727
Source:
Elliman
Added: Sep 29
Last Checked: Oct 9 at 11:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Irinna Chen
Investment Insights
Based on property information with market context.
At 1049 E 56th St in Brooklyn, this two-family property has a 20 × 37 building on a 20 × 100 lot. The first-floor apartment contains two bedrooms, while the second- and third-floor duplex has three bedrooms, generous living areas, and a walk-in closet in the primary bedroom. Delivery is vacant at closing.
The property is in East Flatbush, near supermarkets, restaurants, and the B82 bus. The waterfront is also within a short distance. The recorded scores are 81 for walkability, 85 for transit, and 61 for biking. Built in 1960, the property offers two separate residences in a vertical layout.
The property is in East Flatbush, near supermarkets, restaurants, and the B82 bus. The waterfront is also within a short distance. The recorded scores are 81 for walkability, 85 for transit, and 61 for biking. Built in 1960, the property offers two separate residences in a vertical layout.
Key Highlights
- Two‑family property with a two‑bedroom first‑floor unit and a three‑bedroom upper‑level duplex
- 20 × 37 building on a 20 × 100 lot
- Upper duplex includes a walk‑in closet in the primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,352
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,667,040
$1.7M
Cap Rate 7%
$1,190,743
$1.2M
Cap Rate 9%
$926,133
$926.1K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$121.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$119.1K $50.03/SF
− OpEx
−$35.7K −$15.01/SF
NOI
$83.4K $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%
$1,667,040
Cap Rate 7%
$1,190,743
Cap Rate 9%
$926,133
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,352 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$1.04M
$908.2K – $1.21M
NOI $72,659 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,945 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,819
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A two-bedroom ground-floor residence sits below a three-bedroom upper-level duplex, with vacant delivery at closing.
Where is this duplex located?
The property is located at 1049 E 56th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑family property with a two‑bedroom first‑floor unit and a three‑bedroom upper‑level duplex; 20 × 37 building on a 20 × 100 lot; Upper duplex includes a walk‑in closet in the primary bedroom
