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Vacant Two-Family Duplex Residence

322 56th Street Brooklyn, NY 11220

Claim this Listing
For Sale
$1,328,888

MULTI_FAMILY - Brooklyn, NY

Property size:
2,352 SF
Lot size:
0.05 Acres
Price / SF:
$565/SF
Added:
Jul 2, 2026
Days on Market:
13
Last Refresh:
Jul 14 at 4:06 am

Property Features for 322 56th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
5
Bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished, Full
Standard status
Active
Size
2,352 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
5891

Building Details

Year built
1901
Floors in Building
3
Number of units
2
Flooring type
Tile
Building materials
Brick
Roof type
Flat

Listing agent Yawei (Angel) Yang

Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

Listing date Jul 2, 2026

MLS# 502738 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 vacant two-family residence is set up to generate rental income, with a large 1-bedroom apartment on the first floor and a spacious 4-bedroom duplex configured across the second and third floors. The property also includes a full basement with high ceilings, providing additional functional space.

Zoned R6B, the home is reported as move-in ready and will be delivered vacant. Listing details note convenient transit access along with proximity to shops, restaurants, and local amenities.

With a total size of 2,352 square feet and a lot size of 0.046 acres, this is a straightforward multifamily layout well suited for an owner-occupant or an investor seeking a property with separate units and immediate availability.

Key Highlights

  • 2‑family home with a 4‑bedroom duplex on the 2nd and 3rd floors plus a large 1‑bedroom unit on the 1st floor
  • Full basement with high ceilings
  • Move‑in ready property that will be delivered vacant

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 $104.4k $44.40
− Vacancy −$4.4k −$1.86
EGI $100.0k $42.54
− OpEx −$30.0k −$12.76
NOI $70.0k $29.77
2,352 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.00M
$875.4K – $1.17M (±1% cap)
NOI $70,030 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$896.0K
$784.0K – $1.05M (±1% cap)
NOI $62,720 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M (±1% cap)
NOI $106,732 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Brogan Ganley - Wellness Alternative Medicine Practice

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Nursing Home Pet Grooming Service Veterinary Clinic Bed & Breakfast Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home with a 4-bedroom duplex over the upper floors and a 1-bedroom unit on the first floor.
Where is this duplex located?
The property is located at 322 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,328,888.
What are key features of this property?
This property features: 2‑family home with a 4‑bedroom duplex on the 2nd and 3rd floors plus a large 1‑bedroom unit on the 1st floor; Full basement with high ceilings; Move‑in ready property that will be delivered vacant
Contact an agent
More about this property
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