Three-Story Two-Family
For Sale
$1,625,000
1555 Benson Avenue, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size1,849 SF
Lot Size0.04 Acres
Price / SF$878.85
Days on Market53
Property Features for 1555 Benson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
1,849 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8230
Building Details
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Ying (Jasmine) Zhang
(929) 364-1301
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 13 at 4:06AM
MLS# 502484
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.
1555 Benson Avenue is a well-maintained, three-story two-family home that offers flexible interior living arrangements across multiple levels. The walk-in level includes two bedrooms, a full bathroom, and a wet bar, suitable for entertaining, guest use, recreation, or extended family setups. The second floor features three bedrooms, a full bathroom, a living room, and an eat-in kitchen, and the third floor mirrors that layout with an additional three bedrooms, full bathroom, living room, and eat-in kitchen.
The property is located in Brooklyn at 1555 Benson Avenue, in Bensonhurst, where residents have access to shopping, restaurants, cafes, bakeries, supermarkets, and local businesses. The remarks also note convenience to the 86th Street shopping corridor. Transportation options described include access to D, N, and W subway lines, multiple bus routes, and major thoroughfares including the Belt Parkway and Gowanus Expressway.
This configuration can appeal to owner-occupants seeking room for household needs while maintaining a separate second and third floor living arrangement. It can also fit investors or buyers looking for a multi-level, two-family structure with distinct kitchen and bathroom accommodations on each main residential floor. The overall layout supports a variety of tenant or multi-generational living scenarios without requiring changes to the existing footprint.
The property is located in Brooklyn at 1555 Benson Avenue, in Bensonhurst, where residents have access to shopping, restaurants, cafes, bakeries, supermarkets, and local businesses. The remarks also note convenience to the 86th Street shopping corridor. Transportation options described include access to D, N, and W subway lines, multiple bus routes, and major thoroughfares including the Belt Parkway and Gowanus Expressway.
This configuration can appeal to owner-occupants seeking room for household needs while maintaining a separate second and third floor living arrangement. It can also fit investors or buyers looking for a multi-level, two-family structure with distinct kitchen and bathroom accommodations on each main residential floor. The overall layout supports a variety of tenant or multi-generational living scenarios without requiring changes to the existing footprint.
Key Highlights
- Brick, three‑story two‑family home with a flat roof at 1555 Benson Avenue, Brooklyn, NY 11228
- Owner’s unit walk‑in level includes 2 bedrooms, 1 full bathroom, and a wet bar
- Second floor features 3 bedrooms, 1 full bathroom, a spacious 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
Multi-tenant
Tenancy
Yes
Highway access
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 - Three-story two-family residence with multiple bedroom layouts, wet bar space, and separate potential living configurations.
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: Brick, three‑story two‑family home with a flat roof at 1555 Benson Avenue, Brooklyn, NY 11228; Owner’s unit walk‑in level includes 2 bedrooms, 1 full bathroom, and a wet bar; Second floor features 3 bedrooms, 1 full bathroom, a spacious living room, and an eat‑in kitchen
