Building Details

Year built 1901

Floors in Building 2

Number of units 2

Flooring type Hardwood

Building materials Wood Frame

Roof type Flat

Listing Agency: Momentum Real Estate LLC Show Phone

Listed By: Edmond Lin · License #10301219270 Show Phone

Added: Aug 5 Changed: Oct 10 Last Checked: Oct 10 at 11:06AM

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MLS# 503543

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 duplex contains approximately 1,600 square feet on a 20' x 100' lot, with a 20' x 45' building footprint. The first-floor residence has 3 bedrooms and 2 full bathrooms, while the second-floor residence includes 4 bedrooms and 2 full bathrooms. A finished basement with its own entrance adds further usable space. The structure is wood frame construction with hardwood flooring and a flat roof, and was built in 1901.

The property is located in Brooklyn's 11220 postal area, near shopping, restaurants, public transportation, and subway lines. R6B zoning applies, and the property is being delivered vacant.

Key Highlights

• Two‑family duplex delivered vacant
• First‑floor unit includes 3 bedrooms and 2 full bathrooms
• Second‑floor unit includes 4 bedrooms and 2 full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,639

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$952,780 $952.8K

Cap Rate 7%

$680,557 $680.6K

Cap Rate 9%

$529,322 $529.3K

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$71.0K $44.40/SF

− Vacancy

−$3.0K −$1.86/SF

EGI

$68.1K $42.54/SF

− OpEx

−$20.4K −$12.76/SF

NOI

$47.6K $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%

$952,780

Cap Rate 7%

$680,557

Cap Rate 9%

$529,322

Alternative Uses

Best Use

Multifamily LT 5

$680.6K

$595.5K – $794.0K (±1% cap)

NOI $47,639 @ 7.0% cap · market cap 3.10%

Second Best

Apartment 5plus

$609.5K

$533.3K – $711.1K (±1% cap)

NOI $42,667 @ 7.0% cap · market cap 2.77%

Theoretical Best

Office A

$1.04M

$907.6K – $1.21M (±1% cap)

NOI $72,607 @ 7.0% cap · market cap 4.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

7,048

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - R6B-zoned property with two residential units and a finished basement accessed through a separate entrance.

Where is this duplex located?

The property is located at 548 56th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,538,000.

What are key features of this property?

This property features: Two‑family duplex delivered vacant; First‑floor unit includes 3 bedrooms and 2 full bathrooms; Second‑floor unit includes 4 bedrooms and 2 full bathrooms