Brick Duplex with
For Sale
$998,000
2068 E 55th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size2,536 SF
Lot Size0.05 Acres
Price / SF$393.53
Days on Market169
Property Features for 2068 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Subdivision
Old Mill Basin
Standard status
Active
Size
2,536 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8214
Building Details
Year built
1965
Floors in Building
3
Number of units
3
Flooring type
Ceramic, Carpet
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Bay Sun Realty Inc.
Listed By:
Chun Sung Ng Richard
(718) 234-7777
Added: May 12
Changed: Oct 20
Last Checked: Oct 27 at 7:06AM
MLS# 501371
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.
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Investment Insights
Based on property information with market context.
This attached duplex is a two-family residential property measuring 2,536 square feet on a 0.0451-acre lot. Built in 1965, the structure features brick construction, an asphalt roof, and a mix of carpet and ceramic flooring. The room count includes five bedrooms and three bathrooms, providing a substantial residential layout within the R5 zoning designation.
The property is located near Avenue U, Kings Plaza, Home Depot, and Lowe’s, with restaurants, schools, parks, and transportation options in the surrounding area. Two parking spaces and the garage are rented separately, adding additional income-producing components to the property.
The property is located near Avenue U, Kings Plaza, Home Depot, and Lowe’s, with restaurants, schools, parks, and transportation options in the surrounding area. Two parking spaces and the garage are rented separately, adding additional income-producing components to the property.
Key Highlights
- 2,536‑square‑foot attached duplex on a 0.0451‑acre lot
- Five bedrooms and three bathrooms across the two‑family property
- Brick construction with asphalt roof, built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,815
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,300
$1.8M
Cap Rate 7%
$1,268,786
$1.3M
Cap Rate 9%
$986,833
$986.8K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$129.3K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$126.9K $50.03/SF
− OpEx
−$38.1K −$15.01/SF
NOI
$88.8K $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 Rate 5%
$1,776,300
Cap Rate 7%
$1,268,786
Cap Rate 9%
$986,833
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,815 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$1.11M
$967.8K – $1.29M
NOI $77,421 @ 7.0% cap · market cap 7.76%
Theoretical Best
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $146,987 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Attached two-family property with separate parking and garage rental income in Brooklyn’s Old Mill Basin area.
Where is this duplex located?
The property is located at 2068 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 2,536‑square‑foot attached duplex on a 0.0451‑acre lot; Five bedrooms and three bathrooms across the two‑family property; Brick construction with asphalt roof, built in 1965
