Semi-Detached Single-Family
1511 E 55th Street Brooklyn, NY 11234
For Sale
$599,999
SINGLE_FAMILY - Brooklyn, NY
Property Size1,288 SF
Lot Size0.04 Acres
Price / SF$465.84
Days on Market10
Property Features for 1511 E 55th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R3-2
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
- Patio and Porch features
- Deck
- Interior features
- A/C Unit - Wall, Deck, Dishwasher, Dryer, Laundry Area, Refrigerator, Stove, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 1,288 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5528
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Flooring type
- Hardwood, Carpet
- Roof type
- Flat
- Architectural style
- Other
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Yu-Fen (Madeline) Chiu
(718) 612-3088
Added: Jul 17
Changed: Jul 23
Last Checked: Jul 26 at 2:06PM
MLS# 503102
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 semi-detached single-family home offers a formal living room and formal dining room, along with a spacious kitchen with abundant cabinetry and generous counter space. The upper level includes three well-proportioned bedrooms and a full bathroom. The finished basement provides flexible additional living space that can support a family room, home office, fitness area, or other multipurpose use, depending on the buyer’s needs. Outside, the home includes a private fenced backyard.
Set on a quiet, tree-lined street, the property is described as being located near schools, shopping, restaurants, and public transportation for everyday convenience.
With a total property size of 1,288 square feet, this layout is designed to support both day-to-day living and adaptable indoor space.
Set on a quiet, tree-lined street, the property is described as being located near schools, shopping, restaurants, and public transportation for everyday convenience.
With a total property size of 1,288 square feet, this layout is designed to support both day-to-day living and adaptable indoor space.
Key Highlights
- Semi‑detached single‑family home built in 1925 with a flat roof
- Finished basement provides flexible extra living space for a family room, home office, or fitness area
- Includes a deck plus a private, fenced backyard
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 | $65.7k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $64.4k | $50.03 |
| − OpEx | −$19.3k | −$15.01 |
| NOI | $45.1k | $35.02 |
1,288 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$561.7K
$491.5K – $655.4K
NOI $39,321 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$1.07M
$933.2K – $1.24M
NOI $74,652 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Semi-detached home with three bedrooms, finished basement, and a private fenced backyard.
Where is this duplex located?
The property is located at 1511 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Semi‑detached single‑family home built in 1925 with a flat roof; Finished basement provides flexible extra living space for a family room, home office, or fitness area; Includes a deck plus a private, fenced backyard
