Brick Duplex with Private
For Sale
$1,249,000
1227 E 55th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size3,392 SF
Lot Size0.07 Acres
Price / SF$368.22
Days on Market174
Property Features for 1227 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2
Interior features
Dishwasher, Terrace
Subdivision
Flatlands
Standard status
Active
Size
3,392 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10265
Amenities
hardwood floors
tiled bathrooms
private terraces
backyard
upgraded windows
separate heating and hot water systems
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Ben Bay Rlty Co of Ave U LLC
(718) 372-6442
Listed By:
Joseph F. Girgenti
(718) 680-6442
Added: Apr 27
Changed: Oct 14
Last Checked: Oct 17 at 6:06AM
MLS# 500922
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,392-square-foot brick duplex was built in 1960 and arranged as a 6-over-6 two-family property. Each apartment provides three bedrooms, while the building includes three tiled bathrooms, hardwood flooring, upgraded windows, and a dishwasher. Two private terraces and a backyard add outdoor space, and separate heating and hot water systems serve the apartments individually.
The property is located near shopping, grocery stores, places of worship, schools, and public transportation. It occupies a 0.0658-acre lot and carries R3-2 zoning. Additional physical features include a flat roof and a brick exterior.
The property is located near shopping, grocery stores, places of worship, schools, and public transportation. It occupies a 0.0658-acre lot and carries R3-2 zoning. Additional physical features include a flat roof and a brick exterior.
Key Highlights
- 3,392 SF brick duplex built in 1960
- 6‑over‑6 two‑family configuration
- Each apartment offers 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,554
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,071,080
$2.1M
Cap Rate 7%
$1,479,343
$1.5M
Cap Rate 9%
$1,150,600
$1.2M
Market Conditions
NOI Build-Up for 3,392 SF
Gross rent
$192.1K $56.64/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$188.3K $55.51/SF
− OpEx
−$84.7K −$24.98/SF
NOI
$103.6K $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%
$2,071,080
Cap Rate 7%
$1,479,343
Cap Rate 9%
$1,150,600
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.48M – $1.98M
NOI $118,794 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,554 @ 7.0% cap · market cap 8.29%
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,600 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout includes separate heating and hot water systems for each apartment.
Where is this duplex located?
The property is located at 1227 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 3,392 SF brick duplex built in 1960; 6‑over‑6 two‑family configuration; Each apartment offers 3 bedrooms
