Two-Family
For Sale
$1,200,000
Pending
234 56th St, Brooklyn, NY 11220
Legal two-family configuration supports owner occupancy with rental income or a fully income-producing setup.
Property Size2,400 SF
Days on Market149
Property Features for 234 56th St
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,691
Building Details
Building Size
2,400 SF
Year Built
1901
Buildings
1
Stories
3
Units
2
Listing Agency:
Compass
Listed By:
Fouad E Rahme
(646) 207-6081
Source:
Elliman
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 28 at 9:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This townhouse is arranged as a legal two-family residence with a multi-level layout. The configuration supports either an owner-occupied duplex with rental income or a fully income-producing arrangement. Constructed in 1901, the property offers adaptable residential space within a multifamily asset.
Located at 234 56th St in Sunset Park, Brooklyn, the home sits near shops, restaurants, parks, and public transportation. Industry City, the Brooklyn waterfront, and the 24-acre Sunset Park are nearby, while the surrounding transit network connects with Brooklyn and Manhattan. Walk Score 96, Transit Score 91, and Bike Score 81 reflect the area's pedestrian, transit, and cycling accessibility.
Located at 234 56th St in Sunset Park, Brooklyn, the home sits near shops, restaurants, parks, and public transportation. Industry City, the Brooklyn waterfront, and the 24-acre Sunset Park are nearby, while the surrounding transit network connects with Brooklyn and Manhattan. Walk Score 96, Transit Score 91, and Bike Score 81 reflect the area's pedestrian, transit, and cycling accessibility.
Key Highlights
- Legal two‑family residence with a multi‑level townhouse layout
- Owner’s duplex with rental income or fully income‑producing configuration
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,459
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,180
$1.4M
Cap Rate 7%
$1,020,843
$1.0M
Cap Rate 9%
$793,989
$794.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$106.6K $44.40/SF
− Vacancy
−$4.5K −$1.86/SF
EGI
$102.1K $42.54/SF
− OpEx
−$30.6K −$12.76/SF
NOI
$71.5K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,180
Cap Rate 7%
$1,020,843
Cap Rate 9%
$793,989
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.2K – $1.19M
NOI $71,459 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,910 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family configuration supports owner occupancy with rental income or a fully income-producing setup.
Where is this duplex located?
The property is located at 234 56th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family residence with a multi‑level townhouse layout; Owner’s duplex with rental income or fully income‑producing configuration; Built in 1901
