Brick Two-Family
For Sale
$949,000
1181 E 55th St, Brooklyn, NY 11234
Two-family home with finished basement and private driveway.
Property Size2,500 SF
Lot Size0.05 Acres
Days on Market221
Property Features for 1181 E 55th St
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,520
Building Details
Building Size
2,500 SF
Year Built
1965
Stories
2
Listing Agency:
Talk of the Town Realty Corp.
Listed By:
Arlene Peldman
(718) 251-7400
Source:
Elliman
Added: Mar 12
Changed: Oct 3
Last Checked: Oct 16 at 9:51AM
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 Talk of the Town Realty Corp.
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Investment Insights
Based on property information with market context.
This is a brick two-family home featuring a three-bedroom, one-and-a-half-bath duplex apartment over a two-bedroom, one-bath walk-in apartment. The property includes a full finished basement equipped with a summer kitchen and a three-quarter bath. A private driveway provides parking space for two cars.
Key Highlights
- Two‑family home featuring brick construction
- 3 bedroom, 1.5 bath duplex
- 2 bedroom, 1 bath walkin apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,322
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,440
$1.5M
Cap Rate 7%
$1,090,314
$1.1M
Cap Rate 9%
$848,022
$848.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$141.6K $56.64/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$138.8K $55.51/SF
− OpEx
−$62.4K −$24.98/SF
NOI
$76.3K $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%
$1,526,440
Cap Rate 7%
$1,090,314
Cap Rate 9%
$848,022
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 8.04%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with finished basement and private driveway.
Where is this duplex located?
The property is located at 1181 E 55th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑family home featuring brick construction; 3 bedroom, 1.5 bath duplex; 2 bedroom, 1 bath walkin apartment
