Two-Family Residential Income
555 Egan Street Brooklyn, NY 11239
555 Egan Street, Brooklyn, NY, 11239
$898,999
For Sale
$898,999
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
Price / SF$365.45
Days on Market17
Property Features for 555 Egan Street
General Information
- Standard status
- Active
- Size
- 2,460 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2008
Listing Agency
RE/MAX Edge
(718) 612-3088
Listed by
Daniel Gamil · License #10301211175
Source
Penrealty
Added: Jul 2 Checked: Jul 18 at 3:24 am
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
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
Local Financial Insights For Apartment 5plus
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 | $139.3k | $56.64 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $136.5k | $55.51 |
| − OpEx | −$61.4k | −$24.98 |
| NOI | $75.1k | $30.53 |
2,460 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
