Gut-Renovated Semi-Detached
161 E 56th Street Brooklyn, NY 11203
161 E 56th Street, Brooklyn, NY, 11203
$1,399,000
For Sale
$1,399,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,560 SF
Lot Size0.06 Acres
Price / SF$546.48
Days on Market83
Property Features for 161 E 56th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7
- Parking features
- Garage - Detached
- Basement
- Finished
- Standard status
- Active
- Size
- 2,560 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6700
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
6423 11th Avenue, Brooklyn, NY
Listed by
Po M Liu · License #LIUPO10
(718) 532-2000
Added: Apr 30 Updated: Jul 5 at 11:30 am Checked: Jul 21 at 1:06 am
MLS# 501042
Listing URL
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 2-family home has been gut renovated and is presented with updated interior finishes and functional layout. The property features soaring ceilings with recessed lighting, a combination of rich hardwood and polished marble tile floors, and a bedroom mix of 4 bedrooms on one level over 3 bedrooms on the other. Each level is served by its own 2 bathrooms, supported by updated wiring and an electric panel box in each apartment. A semi-finished basement adds additional usable space that can serve as a home office or recreation room.
The building sits on a 28x100 lot with a building footprint of approximately 20x66, and includes a private driveway and a detached garage. The home is located at 161 E 56th Street in Brooklyn, New York 11203, within an R5 zoning designation.
For buyers or operators seeking a renovated Brooklyn income property, the unit-by-unit electrical setup and full, self-contained apartment layouts on separate levels support independent day-to-day living. The semi-finished basement provides an additional area that may help broaden how the space is used within the overall residence.
The building sits on a 28x100 lot with a building footprint of approximately 20x66, and includes a private driveway and a detached garage. The home is located at 161 E 56th Street in Brooklyn, New York 11203, within an R5 zoning designation.
For buyers or operators seeking a renovated Brooklyn income property, the unit-by-unit electrical setup and full, self-contained apartment layouts on separate levels support independent day-to-day living. The semi-finished basement provides an additional area that may help broaden how the space is used within the overall residence.
Key Highlights
- Semi‑detached 2‑family brick home with a 20x66 building size on a 28x100 lot
- Gut renovated interior with soaring ceilings and recessed lighting
- Flooring includes hardwood and marble
Local 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 | $130.6k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $128.1k | $50.03 |
| − OpEx | −$38.4k | −$15.01 |
| NOI | $89.7k | $35.02 |
2,560 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated semi-detached brick duplex with separate electric panels and a semi-finished basement for flexible use.
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: Semi‑detached 2‑family brick home with a 20x66 building size on a 28x100 lot; Gut renovated interior with soaring ceilings and recessed lighting; Flooring includes hardwood and marble
