Two-Family Duplex With
For Sale
$898,999
555 Egan Street, Brooklyn, NY 11239
MULTI_FAMILY - Brooklyn, NY
Property Size2,460 SF
Lot Size0.05 Acres
Price / SF$365.45
Days on Market51
Property Features for 555 Egan Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3
Patio and Porch features
Patio, Porch
Interior features
A/C Unit - Wall, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer
Subdivision
Spring Creek
Standard status
Active
Size
2,460 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4841
Building Details
Year built
2008
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick, Wood Frame
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Daniel Gamil · License #10301211175
(718) 612-3088
Added: Jul 2
Changed: Aug 4
Last Checked: Aug 21 at 8:06PM
MLS# 502708
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 well-kept two-family duplex was built in 2008 and is designed with separate living arrangements. The owner’s unit is a three-bedroom, two-bath duplex with one full bath on each floor, and laundry conveniently located on the bedroom level. The rental unit is a full-floor two-bedroom, one-bath apartment. Interior features include wall A/C units, hardwood and tile floors, and appliances such as a dishwasher, microwave, stove, refrigerator, washer and dryer. The home also includes a patio, porch, and additional outdoor patio or garden space.
Set on a community drive with one parking space, the property offers a large fenced yard. Construction materials include brick and wood frame elements, with a flat roof.
The practical layout supports either owner occupancy while collecting rental income, or addition to a residential income portfolio.
Set on a community drive with one parking space, the property offers a large fenced yard. Construction materials include brick and wood frame elements, with a flat roof.
The practical layout supports either owner occupancy while collecting rental income, or addition to a residential income portfolio.
Key Highlights
- Built in 2008 two‑family duplex with two separate units
- Owner’s unit: three‑bedroom, two‑bath duplex with full bath on each floor
- Rental unit: full‑floor two‑bedroom, one‑bath apartment
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
$75,101
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
8.35%
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%
$1,502,020
$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
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
$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 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%
$1,502,020
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
994
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
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 - 2008 two-family duplex in R6 zoning with a fenced yard, patio and porch, plus wall A/C units.
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: Built in 2008 two‑family duplex with two separate units; Owner’s unit: three‑bedroom, two‑bath duplex with full bath on each floor; Rental unit: full‑floor two‑bedroom, one‑bath apartment
