Two-Family Brick Duplex with Private
For Sale
$899,800
1758 E 55th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,673 SF
Lot Size0.05 Acres
Price / SF$537.84
Days on Market123
Property Features for 1758 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4
Interior features
A/C Unit, Refrigerator, Stove
Subdivision
Old Mill Basin
Standard status
Active
Size
1,673 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6283
Amenities
private backyard
front balcony
Building Details
Number of units
2
Flooring type
Hardwood
Roof type
Flat
Listing Agency:
New World Realty Group LLC
Listed By:
Yat Hong (Larry) Chu
(718) 872-6300
Added: May 5
Changed: Aug 9
Last Checked: Sep 4 at 5:06PM
MLS# 501223
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 well-maintained two-family brick duplex features a 20x46 building size on a 20x100 lot (0.0459 acres). The layout provides two separate two-bedroom apartments, with hardwood flooring and a fully tiled bathroom. The first floor includes a custom kitchen with granite countertops, while the second floor offers another two-bedroom unit with a large living room, an eat-in kitchen, and access to the front balcony. Both units share access to an expansive private backyard suitable for outdoor entertaining and everyday relaxation. Private parking is also available. The property is delivered vacant on closing.
Located in Brooklyn’s Old Mill Basin neighborhood near Kings Plaza Shopping Center and public transportation, with bus routes including B2, B3, B9, B46, and B47. Schools and parks are also nearby.
Additional interior features include A/C unit(s), a refrigerator, and a stove. The roof is flat.
Located in Brooklyn’s Old Mill Basin neighborhood near Kings Plaza Shopping Center and public transportation, with bus routes including B2, B3, B9, B46, and B47. Schools and parks are also nearby.
Additional interior features include A/C unit(s), a refrigerator, and a stove. The roof is flat.
Key Highlights
- Two‑family brick duplex with two two‑bedroom apartments
- 20x46 building size on a 20x100 lot (0.0459 acres)
- Private backyard access for both units
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
$58,591
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
6.51%
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%
$1,171,820
$1.2M
Cap Rate 7%
$837,014
$837.0K
Cap Rate 9%
$651,011
$651.0K
Market Conditions
NOI Build-Up for 1,673 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
$85.3K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$83.7K $50.03/SF
− OpEx
−$25.1K −$15.01/SF
NOI
$58.6K $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%
$1,171,820
Cap Rate 7%
$837,014
Cap Rate 9%
$651,011
Alternative Uses
Best Use
Multifamily LT 5
$837.0K
$732.4K – $976.5K
NOI $58,591 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.3K
NOI $51,075 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $96,967 @ 7.0% cap · market cap 10.78%
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
2,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - R5-zoned duplex with two two-bedroom units, hardwood floors, A/C unit(s), and a private backyard, delivered vacant at closing.
Where is this duplex located?
The property is located at 1758 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,800.
What are key features of this property?
This property features: Two‑family brick duplex with two two‑bedroom apartments; 20x46 building size on a 20x100 lot (0.0459 acres); Private backyard access for both units
