Duplex with Unfinished
For Sale
$1,100,000
345 57th Street, Brooklyn, NY 11220
The two-family brick residence includes five bedrooms and three full bathrooms.
Property Size2,400 SF
Price / SF$458.33
Days on Market19
Property Features for 345 57th Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,109
Amenities
Original Details
Building Details
Building Size
2,400 SF
Year Built
1901
Units
2
Construction
brick
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Oct 8
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
Built in 1901, this 2,400-square-foot brick duplex is configured as a two-family residence with five bedrooms and three full bathrooms. Original architectural features remain, and the full basement is unfinished. The property is being sold in as-is condition.
The home is on 57th Street in Brooklyn’s Sunset Park neighborhood, with shopping, dining, parks, schools, public transportation, and major roadways nearby.
The home is on 57th Street in Brooklyn’s Sunset Park neighborhood, with shopping, dining, parks, schools, public transportation, and major roadways nearby.
Key Highlights
- Two‑family brick residence with 5 bedrooms and 3 full bathrooms
- 2,400 square feet; built in 1901
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,459
Cap Rate
6.50%
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 6.50%
Second Best
Apartment 5plus
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,910 @ 7.0% cap · market cap 9.90%
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
6,084
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family brick residence includes five bedrooms and three full bathrooms.
Where is this duplex located?
The property is located at 345 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family brick residence with 5 bedrooms and 3 full bathrooms; 2,400 square feet; built in 1901; Full unfinished basement
