Two-Family Duplex With
For Sale
$725,000
4555 Kings Highway, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,432 SF
Lot Size0.05 Acres
Price / SF$506.28
Days on Market455
Property Features for 4555 Kings Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Garage
Patio and Porch features
Porch
Interior features
Porch
Subdivision
East Flatbush
Standard status
Active
Size
1,432 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5454
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
Block, Brick, Masonry
Roof type
Flat
Listing Agency:
Fine Choice Realty Inc
Listed By:
Barrington Richards
(718) 363-2200
Added: Jun 11, 2025
Changed: Sep 7
Last Checked: Sep 8 at 10:06AM
MLS# 493393
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 1,432-square-foot duplex, constructed in 1945, contains two residential units with separate entrances. The second-floor apartment has two bedrooms, a living room, kitchen, and bathroom, while the first-floor apartment provides one bedroom, a more compact living area, a kitchen, and a bathroom. Hardwood flooring, a porch, block and brick masonry construction, and a flat roof are among the property’s physical features.
The property occupies 0.0459 acres and includes a private driveway with a built-in garage. Located on Kings Highway in Brooklyn’s East Flatbush area, it is near public transportation, shops, and parks. R4 zoning is identified for the property.
The property occupies 0.0459 acres and includes a private driveway with a built-in garage. Located on Kings Highway in Brooklyn’s East Flatbush area, it is near public transportation, shops, and parks. R4 zoning is identified for the property.
Key Highlights
- 1,432 SF duplex with two residential units
- Two‑bedroom second‑floor apartment and one‑bedroom first‑floor apartment
- Separate entrances for each unit
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
$50,151
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
6.92%
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%
$1,003,020
$1.0M
Cap Rate 7%
$716,443
$716.4K
Cap Rate 9%
$557,233
$557.2K
Market Conditions
NOI Build-Up for 1,432 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
$73.0K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$71.6K $50.03/SF
− OpEx
−$21.5K −$15.01/SF
NOI
$50.2K $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%
$1,003,020
Cap Rate 7%
$716,443
Cap Rate 9%
$557,233
Alternative Uses
Best Use
Multifamily LT 5
$716.4K
$626.9K – $835.9K
NOI $50,151 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$624.5K
$546.5K – $728.6K
NOI $43,717 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,999 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence offering separate entrances, a private driveway, and a built-in garage in East Flatbush.
Where is this duplex located?
The property is located at 4555 Kings Highway Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,432 SF duplex with two residential units; Two‑bedroom second‑floor apartment and one‑bedroom first‑floor apartment; Separate entrances for each unit
