Renovated Two-Family Brick
448 55th Street Brooklyn, NY 11220
448 55th Street, Brooklyn, NY, 11220
$2,180,000
For Sale
$2,180,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,004 SF
Lot Size0.05 Acres
Price / SF$725.70
Days on Market49
Property Features for 448 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 1, Bedroom 10, Bathroom 2, Bathroom 3, Bedroom 12, Bathroom 6, Bathroom 5, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 11, Bathroom 4, Bedroom 5, Bathroom 7, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 8
- Interior features
- A/C Unit, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,004 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8354
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick, Steel
- Roof type
- Flat
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Kelly Wu
(718) 612-3088
Added: Jun 4 Updated: Jul 14 at 3:37PM Checked: Jul 22 at 7:06AM
MLS# 501993
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 fully renovated legal two-family brick property offers a flexible residential setup with three stories plus a finished basement. The building is constructed with steel beams throughout all levels and includes updated major systems, including plumbing, gas lines, electrical wiring, windows, flooring, kitchens, and bathrooms. Each floor features 4 bedrooms and 2 full bathrooms. The finished basement has a separate entrance, windows, additional space, and 2 full bathrooms. Outside, there is a large private backyard. The home also includes three gas meters, three electric meters, and three separate heating systems with three separate hot water systems, supporting separately metered utilities and independent services. The layout is described as easily convertible to a 3-family.
Located in Sunset Park in Brooklyn, the property is positioned near the 5th Avenue shopping and dining district. Public transportation access includes the N and R subway lines, along with the B11, B63, and B9 bus routes.
Designed for investors, owner-occupants, or multi-generational living, the configuration supports independent use across levels while retaining a cohesive, move-in-ready interior. With its updated building systems and separately serviced utility setup, it can be a practical fit for tenants seeking privacy and operational control, as well as buyers evaluating an ownership strategy that may include a potential 3-family conversion.
Located in Sunset Park in Brooklyn, the property is positioned near the 5th Avenue shopping and dining district. Public transportation access includes the N and R subway lines, along with the B11, B63, and B9 bus routes.
Designed for investors, owner-occupants, or multi-generational living, the configuration supports independent use across levels while retaining a cohesive, move-in-ready interior. With its updated building systems and separately serviced utility setup, it can be a practical fit for tenants seeking privacy and operational control, as well as buyers evaluating an ownership strategy that may include a potential 3-family conversion.
Key Highlights
- Fully renovated legal two‑family brick property with 3 stories plus a finished basement
- Building size 20x47 on a 20x100 lot with a large private backyard
- Each floor has 4 bedrooms and 2 full bathrooms; basement has separate entrance, windows, and 2 full bathrooms
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 | $133.4k | $44.40 |
| − Vacancy | −$5.6k | −$1.86 |
| EGI | $127.8k | $42.54 |
| − OpEx | −$38.3k | −$12.76 |
| NOI | $89.4k | $29.77 |
3,004 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,443 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.14M
$1.00M – $1.34M
NOI $80,107 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,319 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated legal two-family with separately metered utilities, a finished basement, and a large private backyard.
Where is this duplex located?
The property is located at 448 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,180,000.
What are key features of this property?
This property features: Fully renovated legal two‑family brick property with 3 stories plus a finished basement; Building size 20x47 on a 20x100 lot with a large private backyard; Each floor has 4 bedrooms and 2 full bathrooms; basement has separate entrance, windows, and 2 full bathrooms
