Duplex with Finished
New
For Sale
$885,000
2237 56th Drive, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,216 SF
Lot Size0.04 Acres
Price / SF$727.80
Days on Market2
Property Features for 2237 56th Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Garage
Patio and Porch features
Deck
Interior features
Central Air, Deck, Dishwasher, Dryer, Microwave, Stove, Washer
Basement
Full, Finished
Subdivision
Mill Basin
Standard status
Active
Size
1,216 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4973
Amenities
custom kitchen
granite countertops
new appliances
heated floor
finished basement
washer and dryer
central heating and air conditioning
security cameras
alarm system
backyard
wood porch
Building Details
Year built
1960
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Charles D'Alessandro · License #DAES9009
(718) 645-1665
Added: Nov 4
Last Checked: Nov 5 at 1:06PM
MLS# 505832
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 brick duplex includes three bedrooms, two bathrooms, central air, and a finished basement. The kitchen has Medallion wood cabinets, granite counters, new appliances, and heated flooring. A washer and dryer are included, and the exterior features a deck and backyard. Garage parking is also available.
The property occupies a 0.0424-acre lot in Brooklyn and is zoned R5. Built in 1960, it also has hardwood and tile flooring, a flat roof, security cameras, and an alarm system.
The property occupies a 0.0424-acre lot in Brooklyn and is zoned R5. Built in 1960, it also has hardwood and tile flooring, a flat roof, security cameras, and an alarm system.
Key Highlights
- Brick duplex with three bedrooms and two bathrooms
- Finished basement with washer and dryer
- R5 zoning on a 0.0424‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,586
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,720
$851.7K
Cap Rate 7%
$608,371
$608.4K
Cap Rate 9%
$473,178
$473.2K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$62.0K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$60.8K $50.03/SF
− OpEx
−$18.3K −$15.01/SF
NOI
$42.6K $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%
$851,720
Cap Rate 7%
$608,371
Cap Rate 9%
$473,178
Alternative Uses
Best Use
Multifamily LT 5
$608.4K
$532.3K – $709.8K
NOI $42,586 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.01M
$881.0K – $1.17M
NOI $70,479 @ 7.0% cap · market cap 7.96%
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
969
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement, garage, and outdoor deck add practical space and utility.
Where is this duplex located?
The property is located at 2237 56th Drive Brooklyn, NY.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Brick duplex with three bedrooms and two bathrooms; Finished basement with washer and dryer; R5 zoning on a 0.0424‑acre lot
