Two-Family Residential Income
For Sale
$898,999
Pending
555 Egan Street, Brooklyn, NY 11239
Well-kept two-family home with a 3-bedroom duplex owner unit and a separate full-floor 2-bedroom rental unit.
Property Size2,460 SF
Days on Market109
Property Features for 555 Egan Street
General Information
Standard status
Pending
Size
2,460 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,841
Building Details
Building Size
2,460 SF
Year Built
2008
Listing Agency:
RE/MAX Edge
Listed By:
Daniel Gamil · License #10301211175
(718) 612-3088
Source:
Penrealty
Added: Jul 2
Changed: Oct 5
Last Checked: Oct 16 at 3:29PM
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 RE/MAX Edge
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Investment Insights
Based on property information with market context.
This well-kept two-family home was built in 2008 and features a smart, modern layout. The owner’s unit is a spacious 3-bedroom, 2-bath duplex with one full bath on each floor, and laundry is conveniently located on the bedroom level. The rental unit is a full-floor 2-bedroom, 1-bath apartment. Interior finishes include hardwood and tile floors, along with gas heat and wall A/C units.
Outside, the property includes a community drive with 1 parking space, as well as a large fenced yard and patio/garden space. The home is located in Spring Creek/East New York, Brooklyn.
With two separate residences under one roof, this property supports an owner-occupant setup while generating rental income from the second unit.
Outside, the property includes a community drive with 1 parking space, as well as a large fenced yard and patio/garden space. The home is located in Spring Creek/East New York, Brooklyn.
With two separate residences under one roof, this property supports an owner-occupant setup while generating rental income from the second unit.
Key Highlights
- Two‑family home built in 2008 with approximately 2,460 SF of living space
- Owner unit: 3‑bedroom, 2‑bath duplex with one full bath on each floor and laundry on the bedroom level
- Rental unit: full‑floor 2‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,101
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,020
$1.5M
Cap Rate 7%
$1,072,871
$1.1M
Cap Rate 9%
$834,456
$834.5K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$139.3K $56.64/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$136.5K $55.51/SF
− OpEx
−$61.4K −$24.98/SF
NOI
$75.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,020
Cap Rate 7%
$1,072,871
Cap Rate 9%
$834,456
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,153 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 8.35%
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,582 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 11239, NY
17,038
Population
8,883
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
10,022
Density / Sq Mi
$35,675
Median Household Income
$46,596
Median Earnings
$1,016
Median Rent
$580,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-kept two-family home with a 3-bedroom duplex owner unit and a separate full-floor 2-bedroom rental unit.
Where is this duplex located?
The property is located at 555 Egan Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $898,999.
What are key features of this property?
This property features: Two‑family home built in 2008 with approximately 2,460 SF of living space; Owner unit: 3‑bedroom, 2‑bath duplex with one full bath on each floor and laundry on the bedroom level; Rental unit: full‑floor 2‑bedroom, 1‑bath apartment
