Brick Duplex With Finished
New
For Sale
$999,999
1122 E 57th St, Brooklyn, NY 11234
Three-bedroom and two-bedroom apartments include separate climate control, while the finished basement adds flexible space.
Lot Size0.06 Acres
Days on Market2
Property Features for 1122 E 57th St
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
private garage
gated backyard
Building Details
Building Size
2,544 SF
Year Built
1960
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Re/Max Central
(732) 972-1000
Listed By:
Jose L. Paucar · License #10301219825
(732) 972-1000
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 11:35AM
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 Re/Max Central
Investment Insights
Based on property information with market context.
This brick duplex includes a 3-bedroom apartment over a 2-bedroom apartment, providing a clearly defined two-family layout. The full finished basement includes a summer kitchen, full bath, and separate entrance. The 24’ x 53’ building sits on a 24’ x 100’ lot and includes a private garage, gated backyard, gas heat, and split A/C units in both apartments. A newer layered roof adds to the property’s physical improvements.
The property is located at 1122 E 57th St in Brooklyn, on a quiet residential block close to public transportation, major highways, parks, and shopping. It is vacant and move-in ready, with a walk score of 84, transit score of 80, and bike score of 66. Built in 1960, the property offers a two-unit configuration with additional finished basement space.
The property is located at 1122 E 57th St in Brooklyn, on a quiet residential block close to public transportation, major highways, parks, and shopping. It is vacant and move-in ready, with a walk score of 84, transit score of 80, and bike score of 66. Built in 1960, the property offers a two-unit configuration with additional finished basement space.
Key Highlights
- 3‑bedroom apartment over a 2‑bedroom apartment
- Full finished basement with summer kitchen, full bath, and separate entrance
- 24’ x 53’ building on a 24’ x 100’ lot
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 | $129.7k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $127.3k | $50.03 |
| − OpEx | −$38.2k | −$15.01 |
| NOI | $89.1k | $35.02 |
2,544 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,095 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$1.11M
$970.8K – $1.29M
NOI $77,666 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,450 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,229
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 - Three-bedroom and two-bedroom apartments include separate climate control, while the finished basement adds flexible space.
Where is this duplex located?
The property is located at 1122 E 57th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 3‑bedroom apartment over a 2‑bedroom apartment; Full finished basement with summer kitchen, full bath, and separate entrance; 24’ x 53’ building on a 24’ x 100’ lot
