Brick Duplex with
For Sale
$1,399,000
2082 E 55th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,200 SF
Lot Size0.07 Acres
Price / SF$434.47
Days on Market48
Property Features for 2082 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Parking features
Garage
Interior features
Refrigerator, Stove
Subdivision
Old Mill Basin
Standard status
Active
Size
3,220 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7350
Building Details
Year built
1960
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yan Jin (Eva) Ye · License #YJY2488
(347) 388-8988
Added: Jul 31
Changed: Sep 12
Last Checked: Sep 16 at 5:06PM
MLS# 503430
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 semi-detached brick duplex at 2082 E 55th Street offers 3,220 square feet within a two-family configuration. The layout includes three bedrooms over three bedrooms, along with an additional one-bedroom arrangement. Hardwood and tile flooring, a refrigerator, stove, shingle roofing, and a garage are among the existing features. Built in 1960, the property is delivered vacant and carries R5 zoning.
The corner property sits across from Kings Plaza in Brooklyn’s 11234 ZIP code. Shopping, restaurants, schools, parks, and public transportation are identified in the surrounding area. The building measures 20*60 on a 29*100 lot, providing a defined footprint and lot configuration for the property.
The corner property sits across from Kings Plaza in Brooklyn’s 11234 ZIP code. Shopping, restaurants, schools, parks, and public transportation are identified in the surrounding area. The building measures 20*60 on a 29*100 lot, providing a defined footprint and lot configuration for the property.
Key Highlights
- 3,220 Square Feet duplex with three bedrooms over three bedrooms plus a one‑bedroom arrangement
- Semi‑detached brick construction on a corner lot
- Building measures 2060 on a 29100 lot
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
$112,770
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
8.06%
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%
$2,255,400
$2.3M
Cap Rate 7%
$1,611,000
$1.6M
Cap Rate 9%
$1,253,000
$1.3M
Market Conditions
NOI Build-Up for 3,220 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
$164.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$161.1K $50.03/SF
− OpEx
−$48.3K −$15.01/SF
NOI
$112.8K $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 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%
$2,255,400
Cap Rate 7%
$1,611,000
Cap Rate 9%
$1,253,000
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,770 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,303 @ 7.0% cap · market cap 7.03%
Theoretical Best
Specialty Retail
$2.67M
$2.33M – $3.11M
NOI $186,631 @ 7.0% cap · market cap 13.34%
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
2,008
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family property with multiple bedrooms, kitchen appliances, hardwood and tile flooring, and a corner-lot setting.
Where is this duplex located?
The property is located at 2082 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,220 Square Feet duplex with three bedrooms over three bedrooms plus a one‑bedroom arrangement; Semi‑detached brick construction on a corner lot; Building measures 20*60 on a 29*100 lot
