Two-Family Residential Income
2075 E 55th Street Brooklyn, NY 11234
For Sale
$1,020,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,100 SF
Lot Size0.05 Acres
Price / SF$927.27
Days on Market97
Property Features for 2075 E 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Garage - Attached, Garage
- Patio and Porch features
- Porch
- Interior features
- Porch, Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 1,100 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8366
Building Details
- Year built
- 1965
- Flooring type
- Hardwood, Parquet Wood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Tree of Life Realty & Mgmt LLC
(646) 710-0602
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 26 at 7:06PM
MLS# 500742
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 two-family residential income property features a total of seven bedrooms across two 3-bedroom apartments. Each unit includes large windows designed to bring in abundant natural light. The home is being offered in need of TLC, providing room for an end user or investor to update and personalize the space.
The property is located on a family-friendly block in Old Mill Basin and is described as conveniently near shopping, restaurants, schools, and parks. The lot includes a large backyard, offering an outdoor area suitable for gatherings and everyday use.
With two separate residential units, the layout can support a variety of tenant and buyer scenarios, including owner occupancy with rental income or an investor strategy for a two-unit building. Buyers should plan for property improvements given the noted TLC condition, and those considerations can be reflected in the renovation approach for both units and common outdoor space.
The property is located on a family-friendly block in Old Mill Basin and is described as conveniently near shopping, restaurants, schools, and parks. The lot includes a large backyard, offering an outdoor area suitable for gatherings and everyday use.
With two separate residential units, the layout can support a variety of tenant and buyer scenarios, including owner occupancy with rental income or an investor strategy for a two-unit building. Buyers should plan for property improvements given the noted TLC condition, and those considerations can be reflected in the renovation approach for both units and common outdoor space.
Key Highlights
- Two‑family home with 7 total bedrooms, including two 3‑bedroom apartments
- Brick construction with flat roof
- Hardwood and parquet wood flooring
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 | $56.1k | $51.00 |
| − Vacancy | −$1.1k | −$0.97 |
| EGI | $55.0k | $50.03 |
| − OpEx | −$16.5k | −$15.01 |
| NOI | $38.5k | $35.02 |
1,100 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.3K
$481.6K – $642.1K
NOI $38,524 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$479.7K
$419.8K – $559.7K
NOI $33,582 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 3-bedroom apartments with a large backyard offer flexible residential income or owner-occupant options, with TLC needed.
Where is this duplex located?
The property is located at 2075 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Two‑family home with 7 total bedrooms, including two 3‑bedroom apartments; Brick construction with flat roof; Hardwood and parquet wood flooring
