Brooklyn Multi-Family with Income
1227 E 55th Street Brooklyn, NY 11234
1227 E 55th Street, Brooklyn, NY, 11234
$1,249,000
For Sale
$1,249,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,392 SF
Lot Size0.07 Acres
Price / SF$368.22
Days on Market82
Property Features for 1227 E 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R3-2
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 8
- Interior features
- Dishwasher, Terrace
- Standard status
- Active
- Size
- 3,392 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10265
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
8304 13th Ave, Brooklyn, NY
Listed by
Joseph F. Girgenti
(718) 680-6442
Added: Apr 27 Checked: Jul 17 at 1:06 pm
MLS# 500922
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.
This solid brick multi-family property in Brooklyn is configured as a 6 over 6, with each unit offering 3 spacious bedrooms. The property features hardwood floors throughout, 3 tiled bathrooms, and two private terraces. It also offers a nice-sized backyard. Each apartment has separate heating and hot water systems. Upgraded windows are installed throughout the building. The property is situated on a lot of 0.0658 acres. The building size is 3392 square feet. The property is zoned R3-2. The property is close to shopping, grocery stores, places of worship, schools, and public transportation. It presents excellent income potential and is ideal for both end-users and investors, as well as for extended benefit.
Key Highlights
- Solid brick 2‑family built in 1960, configured as 6 over 6
- 6 units, each with 3 bedrooms
- Hardwood flooring throughout and updated windows throughout
Local Financial Insights For Apartment 5plus
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 | $192.1k | $56.64 |
| − Vacancy | −$3.8k | −$1.13 |
| EGI | $188.3k | $55.51 |
| − OpEx | −$84.7k | −$24.98 |
| NOI | $103.6k | $30.53 |
3,392 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Solid brick 2-family with strong layout and income potential.
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: Solid brick 2‑family built in 1960, configured as 6 over 6; 6 units, each with 3 bedrooms; Hardwood flooring throughout and updated windows throughout
