Two-Family Brick Attached
1278 E 56th Street Brooklyn, NY 11234
1278 E 56th Street, Brooklyn, NY, 11234
$999,000
For Sale
$999,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,504 SF
Lot Size0.06 Acres
Price / SF$398.96
Days on Market82
Property Features for 1278 E 56th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R3-2
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Parking features
- Garage - Attached
- Interior features
- A/C Unit - Window, Refrigerator, Stove, Terrace
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,504 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8634
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Ceramic
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Ranch
Listing Agency
Talk of the Town Realty Corp.
(718) 251-7400
2054 Ralph Avenue, Brooklyn, NY
Listed by
Bella Fuzailov
(718) 251-7400
Added: Apr 27 Checked: Jul 17 at 1:06 pm
MLS# 500925
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 attached two-family all-brick home is set on a 24-by-100 lot and includes a spacious 2-unit layout plus a fully finished basement. The upper unit is described as a 3-bedroom, 1-bath configuration, while the lower unit is described as a 2-room, 1-bath setup. A full finished basement adds an additional 1-bedroom, 3/4-bath living space.
The property is located at 1278 E 56th Street in Brooklyn, NY 11234. It is zoned R3-2.
For buyers seeking a residential income property, this configuration provides two separate units along with a finished basement that could serve as additional living space within the same building. The all-brick construction and finished lower level are practical considerations for owner-occupants and investors evaluating a straightforward, multi-unit setup.
The property is located at 1278 E 56th Street in Brooklyn, NY 11234. It is zoned R3-2.
For buyers seeking a residential income property, this configuration provides two separate units along with a finished basement that could serve as additional living space within the same building. The all-brick construction and finished lower level are practical considerations for owner-occupants and investors evaluating a straightforward, multi-unit setup.
Key Highlights
- All‑brick attached 2‑family home in ranch style
- Sitting on a 24x100 lot with a spacious layout
- Unit mix: large 3BR/1BA over 2BR/1BA
Local Financial Insights For Multifamily LT 5
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 | $127.7k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.3k | $50.03 |
| − OpEx | −$37.6k | −$15.01 |
| NOI | $87.7k | $35.02 |
2,504 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,694 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$1.09M
$955.6K – $1.27M
NOI $76,445 @ 7.0% cap · market cap 7.65%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fhadey hair line
Hair Salon
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FAQs
What type of property is this?
Duplex - Attached two-family brick property with two units, three bedrooms upstairs, and a fully finished basement.
Where is this duplex located?
The property is located at 1278 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: All‑brick attached 2‑family home in ranch style; Sitting on a 24x100 lot with a spacious layout; Unit mix: large 3BR/1BA over 2BR/1BA
