Brick Duplex with Finished
For Sale
$949,000
1181 E 55th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size2,500 SF
Lot Size0.05 Acres
Price / SF$379.60
Days on Market324
Property Features for 1181 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Porch, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
2,500 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8520
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Talk of the Town Realty Corp.
Listed By:
Arlene Peldman
(718) 251-7400
Added: Nov 28, 2025
Changed: Oct 13
Last Checked: Oct 18 at 6:06AM
MLS# 497617
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.
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Investment Insights
Based on property information with market context.
This 2,500-square-foot brick duplex, built in 1965, contains two distinct residential configurations. The primary residence is a three-bedroom duplex with one-and-a-half baths, while the separate walk-in apartment includes two bedrooms and one bath. A full finished basement adds a summer kitchen and three-quarter bath. Hardwood and tile flooring, a porch, and a kitchen appliance package that includes a refrigerator, stove, dishwasher, washer, and dryer are included. The property sits on a 0.0459-acre lot and has a private driveway with space for two cars.
Located at 1181 E 55th Street in Brooklyn, NY 11234, the property is designated R3-2. Its five-bedroom layout, basement improvements, and two-unit configuration provide a clearly defined residential setup within the Kings County market.
Located at 1181 E 55th Street in Brooklyn, NY 11234, the property is designated R3-2. Its five-bedroom layout, basement improvements, and two-unit configuration provide a clearly defined residential setup within the Kings County market.
Key Highlights
- Two‑unit brick duplex with 2,500 square feet of building area
- Three‑bedroom duplex with 1.5 baths
- Separate two‑bedroom, one‑bath walk‑in 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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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
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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-unit brick property with a finished basement, private driveway, and residential zoning.
Where is this duplex located?
The property is located at 1181 E 55th Street 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‑unit brick duplex with 2,500 square feet of building area; Three‑bedroom duplex with 1.5 baths; Separate two‑bedroom, one‑bath walk‑in apartment
