Renovated Two-Family
2209 E 57th Place Brooklyn, NY 11234
2209 E 57th Place, Brooklyn, NY, 11234
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,276 SF
Lot Size0.07 Acres
Price / SF$1,057
Days on Market18
Property Features for 2209 E 57th Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Patio and Porch features
- Patio
- Interior features
- Central Air, Dishwasher, Dryer, Laundry Area, Patio Garden, Stove, Terrace, Washer, Window Treatments
- Standard status
- Active
- Size
- 1,276 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10758
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Ceramic, Parquet Wood
- Building materials
- Brick, Wood Frame
- Architectural style
- Other
Listing Agency
Maximillion Realty, Inc.
(718) 376-9300
101 Avenue U, Brooklyn, NY
Listed by
Alla Veksler
(718) 376-9300
Added: Jun 29 Checked: Jul 16 at 3:06 pm
MLS# 502670
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.
This beautifully renovated two-family split-level residence offers two separate living areas: an upper split level with three bedrooms and 2.5 baths, and a spacious lower apartment with two bedrooms and one bath. The home has undergone a full modern renovation within the last five years, with new central heating and AC, updated plumbing, and hardwood floors throughout. Both units include modern kitchens with stainless steel appliances and marble countertops. The primary bedroom features a private balcony overlooking the property. Additional practical space is provided by a huge laundry room with room to add storage and potential finishing options such as a sauna or a wine cellar.
Located at 2209 E 57th Street in Brooklyn, the property sits on a lot size of 0.0689 acres. Outside, it includes a three-car driveway and a large backyard that was recently finished with new pavers.
The layout is well suited for owner-occupants seeking income from a separate lower apartment, or for investors looking for a renovated two-unit configuration. With updated mechanicals, contemporary kitchen finishes in both units, and a functional mix of indoor and outdoor space, the property supports straightforward, long-term rental use.
Located at 2209 E 57th Street in Brooklyn, the property sits on a lot size of 0.0689 acres. Outside, it includes a three-car driveway and a large backyard that was recently finished with new pavers.
The layout is well suited for owner-occupants seeking income from a separate lower apartment, or for investors looking for a renovated two-unit configuration. With updated mechanicals, contemporary kitchen finishes in both units, and a functional mix of indoor and outdoor space, the property supports straightforward, long-term rental use.
Key Highlights
- Two‑family split‑level home with 3‑bedroom, 2.5‑bath upper level over a 2‑bedroom, 1‑bath apartment
- Renovated within the last 5 years with new central heating and AC, updated plumbing, and hardwood floors throughout
- Modern kitchens in both units with stainless steel appliances and marble countertops
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 | $65.1k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $63.8k | $50.03 |
| − OpEx | −$19.2k | −$15.01 |
| NOI | $44.7k | $35.02 |
1,276 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,688 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$556.5K
$486.9K – $649.3K
NOI $38,955 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.06M
$924.5K – $1.23M
NOI $73,957 @ 7.0% cap · market cap 5.48%
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 - Renovated two-family home with upper 3-bedroom and lower 2-bedroom units, central heating and AC, and updated interiors.
Where is this duplex located?
The property is located at 2209 E 57th Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family split‑level home with 3‑bedroom, 2.5‑bath upper level over a 2‑bedroom, 1‑bath apartment; Renovated within the last 5 years with new central heating and AC, updated plumbing, and hardwood floors throughout; Modern kitchens in both units with stainless steel appliances and marble countertops
