Brick Duplex with Detached
For Sale
$749,998
252 E 56th Street, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,440 SF
Lot Size0.05 Acres
Price / SF$520.83
Days on Market85
Property Features for 252 E 56th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Parking features
Garage - Detached
Interior features
Refrigerator, Stove, Window Treatments
Basement
Unfinished
Subdivision
East Flatbush
Standard status
Active
Size
1,440 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6200
Amenities
private backyard
detached garage
basement
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 763-4110
Added: Jun 18
Changed: Sep 5
Last Checked: Sep 10 at 5:06AM
MLS# 502391
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 1,440-square-foot duplex property was built in 1920 and features brick construction, hardwood flooring, a flat roof, and a detached garage. The interior includes three bedrooms, two bathrooms, a spacious basement, an open-concept living area, a kitchen with a stove and refrigerator, and window treatments. A private backyard and wide shared driveway add outdoor and access features.
The property is located at 252 E 56th Street in Brooklyn’s 11203 ZIP code. Transit access includes the nearby 2, 3, 5, and B subway lines, along with bus service at Kings Highway and Snyder Avenue and at Church Avenue and East 55th Street. The property carries R5 zoning and occupies 0.0459 acres.
The property is located at 252 E 56th Street in Brooklyn’s 11203 ZIP code. Transit access includes the nearby 2, 3, 5, and B subway lines, along with bus service at Kings Highway and Snyder Avenue and at Church Avenue and East 55th Street. The property carries R5 zoning and occupies 0.0459 acres.
Key Highlights
- Duplex property with 1,440 square feet of building area
- Brick construction dating to 1920 with hardwood flooring and a flat roof
- Three bedrooms, two bathrooms, and a spacious basement
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
$50,431
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
6.72%
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%
$1,008,620
$1.0M
Cap Rate 7%
$720,443
$720.4K
Cap Rate 9%
$560,344
$560.3K
Market Conditions
NOI Build-Up for 1,440 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
$73.4K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.0K $50.03/SF
− OpEx
−$21.6K −$15.01/SF
NOI
$50.4K $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%
$1,008,620
Cap Rate 7%
$720,443
Cap Rate 9%
$560,344
Alternative Uses
Best Use
Multifamily LT 5
$720.4K
$630.4K – $840.5K
NOI $50,431 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,962 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,462 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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 - 1920 brick residence with hardwood floors, a private backyard, and access to subway and bus service in Brooklyn.
Where is this duplex located?
The property is located at 252 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,998.
What are key features of this property?
This property features: Duplex property with 1,440 square feet of building area; Brick construction dating to 1920 with hardwood flooring and a flat roof; Three bedrooms, two bathrooms, and a spacious basement
