Three-Story Two-Family
For Sale
$1,625,000
1555 Benson Avenue, Brooklyn, NY 11228
Versatile two-family layout with walk-in level wet bar and two full floors of bedrooms, kitchens, and living space.
Property Size1,849 SF
Days on Market80
Property Features for 1555 Benson Avenue
General Information
Standard status
Active
Size
1,849 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Building Size
1,849 SF
Stories
3
Listing Agency:
Ashford Homes LLC
Listed By:
Ying (Jasmine) Zhang
(929) 364-1301
Source:
Michaelfraulo
Added: Jun 22
Changed: Sep 8
Last Checked: Sep 8 at 8:03AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
A well-maintained, three-story two-family home at 1555 Benson Avenue offers flexible living and income possibilities. The walk-in level includes two bedrooms, a full bathroom, and a wet bar, supporting entertaining, guest accommodations, recreation, or multi-generational use. The second floor features three bedrooms, a full bathroom, a spacious living room, and an eat-in kitchen. The third floor mirrors the second floor with three bedrooms, a full bathroom, a living room, and an eat-in kitchen, providing an additional self-contained option.
Set in Bensonhurst, the property is surrounded by shopping, restaurants, cafés, bakeries, supermarkets, and local businesses. Residents have convenient access to the 86th Street shopping corridor for everyday needs and dining. Transportation is supported by nearby D, N, and W subway lines, multiple bus routes, and major thoroughfares including the Belt Parkway and Gowanus Expressway.
This configuration makes the home a strong fit for buyers seeking ample bedroom count across multiple levels, whether as a single residence with space to expand or as a property designed for separate living arrangements. The maintained condition and repeatable floor plan on the second and third levels can be attractive to tenants or owner-occupants who want comparable layouts while keeping day-to-day living organized.
Set in Bensonhurst, the property is surrounded by shopping, restaurants, cafés, bakeries, supermarkets, and local businesses. Residents have convenient access to the 86th Street shopping corridor for everyday needs and dining. Transportation is supported by nearby D, N, and W subway lines, multiple bus routes, and major thoroughfares including the Belt Parkway and Gowanus Expressway.
This configuration makes the home a strong fit for buyers seeking ample bedroom count across multiple levels, whether as a single residence with space to expand or as a property designed for separate living arrangements. The maintained condition and repeatable floor plan on the second and third levels can be attractive to tenants or owner-occupants who want comparable layouts while keeping day-to-day living organized.
Key Highlights
- Spacious three‑story, two‑family home at 1555 Benson Avenue in Brooklyn’s Bensonhurst (11228).
- Main owner walk‑in level includes 2 bedrooms, a full bathroom, and a wet bar.
- Second floor features 3 bedrooms, 1 full bathroom, a living room, and an eat‑in kitchen.
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
$64,755
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
3.98%
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%
$1,295,100
$1.3M
Cap Rate 7%
$925,071
$925.1K
Cap Rate 9%
$719,500
$719.5K
Market Conditions
NOI Build-Up for 1,849 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
$94.3K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.5K $50.03/SF
− OpEx
−$27.8K −$15.01/SF
NOI
$64.8K $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%
$1,295,100
Cap Rate 7%
$925,071
Cap Rate 9%
$719,500
Alternative Uses
Best Use
Multifamily LT 5
$925.1K
$809.4K – $1.08M
NOI $64,755 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$806.4K
$705.6K – $940.8K
NOI $56,448 @ 7.0% cap · market cap 3.47%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,168 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,677
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Versatile two-family layout with walk-in level wet bar and two full floors of bedrooms, kitchens, and living space.
Where is this duplex located?
The property is located at 1555 Benson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Spacious three‑story, two‑family home at 1555 Benson Avenue in Brooklyn’s Bensonhurst (11228).; Main owner walk‑in level includes 2 bedrooms, a full bathroom, and a wet bar.; Second floor features 3 bedrooms, 1 full bathroom, a living room, and an eat‑in kitchen.
