Two-Family Brick
For Sale
$899,800
1758 E 55th St, Brooklyn, NY 11234
Well-maintained two-unit brick home with private parking and access to an expansive shared backyard.
Property Size1,673 SF
Days on Market114
Property Features for 1758 E 55th St
General Information
Standard status
Active
Size
1,673 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,283
Building Details
Building Size
1,673 SF
Listing Agency:
New World Realty Group LLC
(718) 872-6300
Listed By:
Yat Hong (Larry) Chu
(718) 872-6300
Source:
Elliman
Added: May 9
Changed: Aug 19
Last Checked: Aug 29 at 2:16PM
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 New World Realty Group LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family brick residence includes two separate two-bedroom apartments. The first floor features a custom kitchen with granite countertops, a fully tiled bathroom, and hardwood floors. The second floor offers another spacious two-bedroom unit with a large living room, an eat-in kitchen, and access to a front balcony.
Both units have access to an expansive private backyard and private parking. The property is near Kings Plaza Shopping Center and is served by multiple bus routes, with nearby schools and parks.
The home will be delivered vacant on closing, offering flexibility for an owner-occupant or an investor.
Both units have access to an expansive private backyard and private parking. The property is near Kings Plaza Shopping Center and is served by multiple bus routes, with nearby schools and parks.
The home will be delivered vacant on closing, offering flexibility for an owner-occupant or an investor.
Key Highlights
- Well‑maintained two‑family brick home in Brooklyn’s Old Mill Basin neighborhood
- Building size 20x46 on a 20x100 lot with access to an expansive private backyard
- First‑floor unit: 2 bedrooms, custom kitchen with granite countertops, fully tiled bathroom, hardwood floors
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
$58,591
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
6.51%
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%
$1,171,820
$1.2M
Cap Rate 7%
$837,014
$837.0K
Cap Rate 9%
$651,011
$651.0K
Market Conditions
NOI Build-Up for 1,673 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
$85.3K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$83.7K $50.03/SF
− OpEx
−$25.1K −$15.01/SF
NOI
$58.6K $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%
$1,171,820
Cap Rate 7%
$837,014
Cap Rate 9%
$651,011
Alternative Uses
Best Use
Multifamily LT 5
$837.0K
$732.4K – $976.5K
NOI $58,591 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.3K
NOI $51,075 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $96,967 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,739
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 - Well-maintained two-unit brick home with private parking and access to an expansive shared backyard.
Where is this duplex located?
The property is located at 1758 E 55th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,800.
What are key features of this property?
This property features: Well‑maintained two‑family brick home in Brooklyn’s Old Mill Basin neighborhood; Building size 20x46 on a 20x100 lot with access to an expansive private backyard; First‑floor unit: 2 bedrooms, custom kitchen with granite countertops, fully tiled bathroom, hardwood floors
