Residential Income Property with Radiant
For Sale
$1,030,000
Pending
1161 E 56th Street, Brooklyn, NY 11234
Interior features include an eat-in kitchen and a full, unfinished basement.
Property Size2,396 SF
Days on Market185
Property Features for 1161 E 56th Street
General Information
Standard status
Pending
Size
2,396 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,858
Amenities
Radiant
Full, Unfinished
Eat-in Kitchen
No Garage, None
Building Details
Building Size
2,396 SF
Year Built
1960
Listing Agency:
Liberty Chateau Realty Inc
Listed By:
Linh T. Ho
(347) 542-3913
Source:
Evrealestate
Added: Apr 30
Changed: Oct 25
Last Checked: Oct 30 at 2:24PM
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 Liberty Chateau Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1960, this residential income property at 1161 E 56th Street in Brooklyn has radiant heating, an eat-in kitchen, and a full, unfinished basement. The property has no garage.
Key Highlights
- Radiant heating
- Full, unfinished basement
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,147
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,462,940
$1.5M
Cap Rate 7%
$1,044,957
$1.0M
Cap Rate 9%
$812,744
$812.7K
Market Conditions
NOI Build-Up for 2,396 SF
Gross rent
$135.7K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$133.0K $55.51/SF
− OpEx
−$59.8K −$24.98/SF
NOI
$73.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,462,940
Cap Rate 7%
$1,044,957
Cap Rate 9%
$812,744
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$914.3K – $1.22M
NOI $73,147 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,872 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,590
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Interior features include an eat-in kitchen and a full, unfinished basement.
Where is this residential income property located?
The property is located at 1161 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: Radiant heating; Full, unfinished basement; Eat‑in kitchen
