Residential Income
For Sale
$999,000
Pending
1258 E 56th Street, Brooklyn, NY 11234
Built in 1950 with natural gas baseboard heating and a finished full-level interior area.
Property Size2,504 SF
Days on Market227
Property Features for 1258 E 56th Street
General Information
Standard status
Pending
Size
2,504 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,484
Amenities
Natural Gas, Baseboard
Finished, Full
Private, Attached
Building Details
Building Size
2,504 SF
Year Built
1950
Listing Agency:
GREAT SUCCESS REALTY INC
Listed By:
Shimon A. Matsui · License #31MA1011482
(718) 883-1800
Source:
Evrealestate
Added: Mar 17
Changed: Oct 25
Last Checked: Oct 28 at 8:07AM
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 GREAT SUCCESS REALTY INC
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Investment Insights
Based on property information with market context.
This residential income property was built in 1950 and includes natural gas baseboard heating. Interior features include a finished full-level area, while the exterior features include a private attached element.
The property is located at 1258 E 56th Street in Brooklyn, Kings County, New York. Access is noted from Flatlanda Ave.
The property is located at 1258 E 56th Street in Brooklyn, Kings County, New York. Access is noted from Flatlanda Ave.
Key Highlights
- Residential income property at 1258 E 56th Street, Brooklyn, NY 11234
- Built in 1950
- Natural gas baseboard heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,445
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,528,900
$1.5M
Cap Rate 7%
$1,092,071
$1.1M
Cap Rate 9%
$849,389
$849.4K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$141.8K $56.64/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$139.0K $55.51/SF
− OpEx
−$62.5K −$24.98/SF
NOI
$76.4K $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%
$1,528,900
Cap Rate 7%
$1,092,071
Cap Rate 9%
$849,389
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$955.6K – $1.27M
NOI $76,445 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $145,132 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,063
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1950 with natural gas baseboard heating and a finished full-level interior area.
Where is this residential income property located?
The property is located at 1258 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Residential income property at 1258 E 56th Street, Brooklyn, NY 11234; Built in 1950; Natural gas baseboard heating
