Renovated Brick
For Sale
$1,399,000
161 E 56th Street, Brooklyn, NY 11203
Residential, Brooklyn, NY
Property Size2,560 SF
Lot Size0.06 Acres
Price / SF$546.48
Days on Market164
Property Features for 161 E 56th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
5
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 5, Bedroom 2
Parking features
Garage - Detached
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
2,560 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6700
Amenities
basement
Building Details
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Marble
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Po M Liu · License #LIUPO10
(646) 996-1023
Added: Apr 30
Changed: Oct 10
Last Checked: Oct 10 at 2:06PM
MLS# 501042
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 brick duplex contains two residential units within a 2,560-square-foot building on a 0.0635-acre lot. The upper unit provides four bedrooms and the lower unit includes three bedrooms, with two bathrooms serving each level. Renovated interiors feature recessed lighting, hardwood flooring, marble tile, and updated electrical wiring with a dedicated panel for each apartment.
The property also includes a semi-finished basement that can support office or recreation use, along with a private driveway and detached garage. Located at 161 E 56th Street in Brooklyn, the residence carries R5 zoning and has a flat roof.
The property also includes a semi-finished basement that can support office or recreation use, along with a private driveway and detached garage. Located at 161 E 56th Street in Brooklyn, the residence carries R5 zoning and has a flat roof.
Key Highlights
- Two‑family brick residence with 7 bedrooms and 4 bathrooms
- 2,560‑square‑foot building on a 0.0635‑acre lot
- Renovated interiors with hardwood flooring, marble tile, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,656
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,793,120
$1.8M
Cap Rate 7%
$1,280,800
$1.3M
Cap Rate 9%
$996,178
$996.2K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$130.6K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$128.1K $50.03/SF
− OpEx
−$38.4K −$15.01/SF
NOI
$89.7K $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 Rate 5%
$1,793,120
Cap Rate 7%
$1,280,800
Cap Rate 9%
$996,178
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,656 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$1.12M
$976.9K – $1.30M
NOI $78,154 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,378 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with private parking, detached garage, separate electrical panels, and finished lower-level space.
Where is this duplex located?
The property is located at 161 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family brick residence with 7 bedrooms and 4 bathrooms; 2,560‑square‑foot building on a 0.0635‑acre lot; Renovated interiors with hardwood flooring, marble tile, and recessed lighting
