Brick Two-Family with Finished
New
For Sale
$999,999
1122 E 57th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size2,544 SF
Lot Size0.06 Acres
Price / SF$393.08
Days on Market3
Property Features for 1122 E 57th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Garage - Attached
Interior features
Central Air - Split
Basement
Full, Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
2,544 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7378
Amenities
private garage
gated backyard
split A/C units
newer layered roof
finished basement with summer kitchen, full bath, and separate entrance
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Re/Max Central
(732) 972-1000
Listed By:
Jose L. Paucar · License #10301219825
(732) 972-1000
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 6:06PM
MLS# 503379
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.
Brick two-family duplex featuring a 3-bedroom apartment over a 2-bedroom apartment. The home also includes a full finished basement with a summer kitchen, full bath, and a separate entrance. Interior features include hardwood flooring and split central A/C.
The property is an oversized 24' x 53' building situated on a 24' x 100' lot, with an attached private garage and a gated backyard. The roof is newer and layered, and the home has flat roofing. Gas heat and split A/C units serve both apartments.
Built in 1960, this R3-2 zoned property is currently vacant and positioned for move-in readiness. It is located on a quiet residential block with access to public transportation and proximity to major highways, parks, and shopping.
The property is an oversized 24' x 53' building situated on a 24' x 100' lot, with an attached private garage and a gated backyard. The roof is newer and layered, and the home has flat roofing. Gas heat and split A/C units serve both apartments.
Built in 1960, this R3-2 zoned property is currently vacant and positioned for move-in readiness. It is located on a quiet residential block with access to public transportation and proximity to major highways, parks, and shopping.
Key Highlights
- 3‑bedroom over 2‑bedroom duplex layout
- Finished basement with summer kitchen, full bath, and separate entrance
- 24' x 53' building on a 24' x 100' lot
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 | $129.7k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $127.3k | $50.03 |
| − OpEx | −$38.2k | −$15.01 |
| NOI | $89.1k | $35.02 |
2,544 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,095 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$1.11M
$970.8K – $1.29M
NOI $77,666 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,450 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,229
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R3-2 zoned duplex with gas heat, split A/C, and a gated backyard, plus a finished basement with separate entrance.
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 $999,999.
What are key features of this property?
This property features: 3‑bedroom over 2‑bedroom duplex layout; Finished basement with summer kitchen, full bath, and separate entrance; 24' x 53' building on a 24' x 100' lot
