Brick Duplex with Finished
For Sale
$1,299,000
1159 E 55th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,166 SF
Lot Size0.05 Acres
Price / SF$1,114
Days on Market68
Property Features for 1159 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 4, Bathroom 1
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,166 SF
Lot size
0.05 Acres
Building Details
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Talk of the Town Realty Corp.
Listed By:
Arlene Peldman
(718) 251-7400
Added: Aug 4
Changed: Oct 10
Last Checked: Oct 10 at 10:06AM
MLS# 503529
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 2-family duplex is a brick residence with 1,166 square feet, seven bedrooms, and five full bathrooms. The property includes a full finished basement, an attached private garage, refrigerator, stove, and a shingle roof. Its 0.0505-acre lot provides the setting for the existing residential improvements.
The home is located in Brooklyn’s Old Mill Basin East area, near shopping, schools, parks, and public transportation. The configuration combines a multi-bedroom layout with substantial basement space and on-site garage parking, supporting both owner-occupancy and two-family residential use.
The home is located in Brooklyn’s Old Mill Basin East area, near shopping, schools, parks, and public transportation. The configuration combines a multi-bedroom layout with substantial basement space and on-site garage parking, supporting both owner-occupancy and two-family residential use.
Key Highlights
- Two‑family duplex with 7 bedrooms and 5 full bathrooms
- 1,166 square feet of residential space
- Full finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,835
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,700
$816.7K
Cap Rate 7%
$583,357
$583.4K
Cap Rate 9%
$453,722
$453.7K
Market Conditions
NOI Build-Up for 1,166 SF
Gross rent
$59.5K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$58.3K $50.03/SF
− OpEx
−$17.5K −$15.01/SF
NOI
$40.8K $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%
$816,700
Cap Rate 7%
$583,357
Cap Rate 9%
$453,722
Alternative Uses
Best Use
Multifamily LT 5
$583.4K
$510.4K – $680.6K
NOI $40,835 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$508.5K
$445.0K – $593.3K
NOI $35,597 @ 7.0% cap · market cap 2.74%
Theoretical Best
Specialty Retail
$965.4K
$844.8K – $1.13M
NOI $67,581 @ 7.0% cap · market cap 5.20%
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
1,991
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-family layout includes a finished basement, attached garage, and seven bedrooms across the residence.
Where is this duplex located?
The property is located at 1159 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑family duplex with 7 bedrooms and 5 full bathrooms; 1,166 square feet of residential space; Full finished basement
