Renovated Two-Family Home,
1122 E 57th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property size:
2,500 SFLot size:
0.06 AcresPrice / SF:
$463/SF- Added:
- May 13, 2026
- Days on Market:
- 13
- Last Refresh:
- May 25 at 8:06 pm
Property Features for 1122 E 57th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
- Parking features
- Garage - Detached
- Interior features
- Central Air - Split, Dishwasher, Microwave, Refrigerator, Terrace
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7378
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Irene Sender (718) 763-4110
Listing office Bergen Basin Realty LLC 5817 Avenue N, Brooklyn, NY (718) 763-4110
Listing date May 13, 2026
MLS# 501402
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
- Fully renovated, move‑in ready two‑family brick home.
- Delivered vacant, ideal for immediate occupancy or rental.
- Spacious layout: 3‑bedroom, 2‑bath unit over a 2‑bedroom, 1‑bath unit.
- Full finished basement provides extra living space or home office potential.
- Modern updates throughout, including central air, dishwasher, microwave, and refrigerator.
- Detached garage provides parking.
Overview
This fully renovated, all-brick two-family home is situated on a 24 x 100 lot and will be delivered vacant. The property features a spacious layout, including a 3-bedroom, 2-bath unit over a 2-bedroom, 1-bath unit. Additionally, there is a full finished basement that can be utilized as extra space or a home office. With modern updates throughout, this move-in-ready home combines durability, comfort, and versatility. The property is located in Brooklyn, NY, with a total size of 2500 square feet. The zoning is R3-2. This property presents a solid investment opportunity or a place to call home.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$972.8K
NOI $87,554 @ 9.00% cap · cautious / downside scenario
Moderate
$1.25M
NOI $87,554 @ 7.00% cap · market / base-case scenario
Aggressive
$1.75M
NOI $87,554 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.1k | $50.03 |
| − OpEx | −$37.5k | −$15.01 |
| NOI | $87.6k | $35.02 |
2,500 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.921086
- Latitude
- 40.625538
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated two-family home in Brooklyn, delivered vacant.
Where is this duplex located?
The property is located at 1122 E 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,159,000.
What are key features of this property?
This property features: Fully renovated, move‑in ready two‑family brick home.; Delivered vacant, ideal for immediate occupancy or rental.; Spacious layout: 3‑bedroom, 2‑bath unit over a 2‑bedroom, 1‑bath unit.
