Brick Duplex with Finished Lower
2069 E 55th Street, Brooklyn, NY 11234
For Sale
$1,080,000
Residential, Brooklyn, NY
Property Size1,100 SF
Lot Size0.05 Acres
Price / SF$981.82
Days on Market203
Property Features for 2069 E 55th Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
balconies
hardwood floors
large yard
washer/dryer hookup
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Apr 22
Changed: Oct 29
Last Checked: Nov 10 at 7:06PM
MLS# 500780
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 1,100-square-foot brick duplex, built in 1970, contains two 3-bedroom apartments with 1.5 baths apiece. Each apartment includes an eat-in kitchen, open living and dining areas, hardwood flooring, and a balcony. A finished vacant level adds a full bath, washer/dryer hookup, and access to the backyard. Additional features include wall and unit A/C, laminate and tile flooring, a flat roof, and a porch.
The property at 2069 E 55th Street in Brooklyn’s Old Mill Basin area includes a private driveway accommodating 2 cars and a large yard. Kings Plaza, shopping, schools, parks, and transportation are identified as nearby amenities.
The property at 2069 E 55th Street in Brooklyn’s Old Mill Basin area includes a private driveway accommodating 2 cars and a large yard. Kings Plaza, shopping, schools, parks, and transportation are identified as nearby amenities.
Key Highlights
- Two 3‑bedroom apartments, each with 1.5 baths
- Finished vacant level with full bath and washer/dryer hookup
- 1,100 square feet on a 0.0505‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,524
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,480
$770.5K
Cap Rate 7%
$550,343
$550.3K
Cap Rate 9%
$428,044
$428.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$56.1K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$55.0K $50.03/SF
− OpEx
−$16.5K −$15.01/SF
NOI
$38.5K $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%
$770,480
Cap Rate 7%
$550,343
Cap Rate 9%
$428,044
Alternative Uses
Best Use
Multifamily LT 5
$550.3K
$481.6K – $642.1K
NOI $38,524 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$479.7K
$419.8K – $559.7K
NOI $33,582 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 5.90%
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
$746,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes two apartments and a finished vacant level with a full bath.
Where is this duplex located?
The property is located at 2069 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two 3‑bedroom apartments, each with 1.5 baths; Finished vacant level with full bath and washer/dryer hookup; 1,100 square feet on a 0.0505‑acre lot
