Attached Brick Two-Family
2068 E 55th Street Brooklyn, NY 11234
2068 E 55th Street, Brooklyn, NY, 11234
$998,000
For Sale
$998,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,536 SF
Lot Size0.05 Acres
Price / SF$393.53
Days on Market66
Property Features for 2068 E 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2
- 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
- Carpet, Ceramic
- Building materials
- Brick
- Roof type
- Asphalt
Listing Agency
Bay Sun Realty Inc.
(718) 234-7777
1407 W 8th Street, Brooklyn, NY
Listed by
Chun Sung Ng Richard
(718) 234-7777
Added: May 12 Checked: Jul 16 at 10:06 pm
MLS# 501371
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.
Located at 2068 E 55th Street in Brooklyn, this attached all-brick two-family home is set up for a straightforward owner or investor hold. The property includes rented parking for two spaces and also has a garage that is rented, supporting additional income beyond the two residential units.
Zoned R5, the home is described as being in Old Mill Basin and is positioned near Avenue U and the Kings Plaza shopping area, including Home Depot and Lowe’s hardware stores, plus transportation options, restaurants, schools, and parks.
With a reported property size of 2,536 square feet and a lot size of 0.0451 acres, this is a residential income property presented for sale with the owner ready to consider offers.
Zoned R5, the home is described as being in Old Mill Basin and is positioned near Avenue U and the Kings Plaza shopping area, including Home Depot and Lowe’s hardware stores, plus transportation options, restaurants, schools, and parks.
With a reported property size of 2,536 square feet and a lot size of 0.0451 acres, this is a residential income property presented for sale with the owner ready to consider offers.
Key Highlights
- Attached all‑brick 2‑family property in Old Mill Basin
- Year built 1965
- Brick construction with asphalt roof
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 | $129.3k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $126.9k | $50.03 |
| − OpEx | −$38.1k | −$15.01 |
| NOI | $88.8k | $35.02 |
2,536 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 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 - Attached all-brick two-family with rented driveway parking and a rented garage, offering income potential in Brooklyn.
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: Attached all‑brick 2‑family property in Old Mill Basin; Year built 1965; Brick construction with asphalt roof
