Two-Family Residential
1169 E 56th Street Brooklyn, NY 11234
1169 E 56th Street, Brooklyn, NY, 11234
$1,099,000
For Sale
$1,099,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,396 SF
Lot Size0.07 Acres
Price / SF$458.68
Days on Market46
Property Features for 1169 E 56th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage - Attached
- Interior features
- Dishwasher, Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 2,396 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7131
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
Listing Agency
Bergen Basin Realty LLC
(718) 763-4110
5817 Avenue N, Brooklyn, NY
Listed by
Jason Sciulara
(718) 763-4110
Added: Jun 2 Checked: Jul 17 at 1:06 pm
MLS# 501821
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.
Investment Insights
Based on property information with market context.
A well-presented two-family home on a quiet, tree-lined block, offering a functional split layout with three bedrooms over three bedrooms and three bathrooms total. The property also includes a basement and an attached garage, providing practical everyday storage and parking convenience.
Located in Brooklyn’s 11234 area, the home is positioned close to shopping, transportation, houses of worship, and schools, making it appealing to a range of occupants and buyers looking for day-to-day accessibility.
With its clear multi-unit configuration and comfortable bedroom count on both floors, the property may fit owner-occupants seeking rental income alongside flexible living space. It may also suit investors interested in a straightforward two-family residential income structure in a well-established, convenience-oriented location.
Located in Brooklyn’s 11234 area, the home is positioned close to shopping, transportation, houses of worship, and schools, making it appealing to a range of occupants and buyers looking for day-to-day accessibility.
With its clear multi-unit configuration and comfortable bedroom count on both floors, the property may fit owner-occupants seeking rental income alongside flexible living space. It may also suit investors interested in a straightforward two-family residential income structure in a well-established, convenience-oriented location.
Key Highlights
- 2‑family home with 3 bedrooms over 3 bedrooms and 3 total bathrooms
- Attached garage and a basement included
- Brick construction with hardwood and tile flooring
Local 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 | $122.2k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $119.9k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $83.9k | $35.02 |
2,396 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,912 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$1.04M
$914.3K – $1.22M
NOI $73,147 @ 7.0% cap · market cap 6.66%
Theoretical Best
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,872 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mjbrown Construction Corporation
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Attractive Old Mill Basin two-family with six bedrooms, three bathrooms, basement, and an attached garage in a convenient setting.
Where is this duplex located?
The property is located at 1169 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 2‑family home with 3 bedrooms over 3 bedrooms and 3 total bathrooms; Attached garage and a basement included; Brick construction with hardwood and tile flooring
