Brick Duplex with Attached
For Sale
$1,100,000
2075 E 55th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,100 SF
Lot Size0.05 Acres
Price / SF$1,000
Days on Market143
Property Features for 2075 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Garage, Garage - Attached
Patio and Porch features
Porch
Interior features
Porch, Refrigerator, Stove
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,100 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8366
Amenities
backyard
Building Details
Year built
1965
Flooring type
Hardwood, Parquet Wood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tree of Life Realty & Mgmt LLC
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Apr 21
Changed: Sep 6
Last Checked: Sep 10 at 6:06AM
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 brick duplex was built in 1965 and contains approximately 1,100 square feet of property area. The residence includes two apartments, a porch, hardwood and parquet flooring, a flat roof, and an attached garage. A refrigerator and stove are also included. The property requires renovation, allowing the next owner to update the interior and finishes.
The home occupies a 0.0505-acre lot on E 55th Street in Brooklyn’s 11234 ZIP code. Shopping, restaurants, schools, and parks are located nearby, while the large backyard provides outdoor space for gatherings. Its two-family configuration and existing garage, porch, and yard provide a defined residential income property layout.
The home occupies a 0.0505-acre lot on E 55th Street in Brooklyn’s 11234 ZIP code. Shopping, restaurants, schools, and parks are located nearby, while the large backyard provides outdoor space for gatherings. Its two-family configuration and existing garage, porch, and yard provide a defined residential income property layout.
Key Highlights
- Two‑family duplex configuration
- Approximately 1,100 square feet of property area
- 0.0505‑acre lot in Brooklyn, NY 11234
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
$38,524
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
3.50%
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%
$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
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
$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 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%
$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 3.50%
Second Best
Apartment 5plus
$479.7K
$419.8K – $559.7K
NOI $33,582 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,809
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residential property with a backyard, porch, hardwood flooring, and attached garage parking.
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 $1,100,000.
What are key features of this property?
This property features: Two‑family duplex configuration; Approximately 1,100 square feet of property area; 0.0505‑acre lot in Brooklyn, NY 11234
