East Flatbush Two-Family
For Sale
$725,000
4555 Kings Hwy, Brooklyn, NY 11234
Two-family house in East Flatbush with investment potential.
Property Size1,432 SF
Lot Size0.05 Acres
Days on Market285
Property Features for 4555 Kings Hwy
General Information
Standard status
Active
Size
1,432 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,454
Building Details
Building Size
1,432 SF
Year Built
1945
Stories
1
Listing Agency:
Fine Choice Realty Inc
Listed By:
Barrington Richards
(718) 363-2200
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 7
Last Checked: Sep 7 at 9:48AM
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 Fine Choice Realty Inc
Investment Insights
Based on property information with market context.
Located in East Flatbush, this two-family house features a two-bedroom apartment and a one-bedroom apartment. The layout includes a larger apartment on the second floor and a smaller one on the first floor, each with separate entrances. The two-bedroom apartment includes a decent-sized living room, a kitchen with standard appliances, and a bathroom. The bedrooms are spacious and receive natural light. The one-bedroom apartment has a more compact, functional layout. A private driveway and built-in garage are included. The property is located in a neighborhood close to public transportation, shops, and parks, offering an investment opportunity or a way to offset living costs.
Key Highlights
- Two‑family house: Investment opportunity or offset living costs.
- Separate entrances for each apartment.
- Private driveway and built‑in garage.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,020
$1.0M
Cap Rate 7%
$716,443
$716.4K
Cap Rate 9%
$557,233
$557.2K
Market Conditions
NOI Build-Up for 1,432 SF
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.
Gross rent
$73.0K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$71.6K $50.03/SF
− OpEx
−$21.5K −$15.01/SF
NOI
$50.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,020
Cap Rate 7%
$716,443
Cap Rate 9%
$557,233
Alternative Uses
Best Use
Multifamily LT 5
$716.4K
$626.9K – $835.9K
NOI $50,151 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$624.5K
$546.5K – $728.6K
NOI $43,717 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,999 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,404
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family house in East Flatbush with investment potential.
Where is this duplex located?
The property is located at 4555 Kings Hwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑family house: Investment opportunity or offset living costs.; Separate entrances for each apartment.; Private driveway and built‑in garage.
