Attached Brick Duplex-Style
557 Drew Street Brooklyn, NY 11208
557 Drew Street, Brooklyn, NY, 11208
$775,000
For Sale
$775,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,400 SF
Lot Size0.05 Acres
Price / SF$553.57
Days on Market667
Property Features for 557 Drew Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
- Interior features
- Dishwasher, Dryer, Laundry Area, Stove, Washer
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4835
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Flooring type
- Tile
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Gennadi B. Barmin
(718) 612-3088
Added: Sep 20, 2024 Checked: Jul 18 at 2:06 am
MLS# 486170
Listing URL
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.
Recently renovated attached, all-brick one-family home built in 1910. The second floor includes four rooms and one full bathroom. The first floor features a foyer, living room, bedroom, a bathroom with a stand-up shower, and an open kitchen with access to a rear porch for outdoor grilling. A full, unfinished basement includes a separate entrance and access to the backyard.
The property sits on an approximately 20' x 100' lot and has an approximately 20' x 35' building footprint. It is zoned R4 and is described as being in East New York, conveniently located near Belt Parkway and minutes from the A-train station/Grant Avenue, PS 214, supermarkets, banks, and religious institutions.
The home includes a long fenced backyard and a rear porch, with basement access via a separate entrance. The arrangement supports straightforward everyday living with space for storage or additional finishing options in the unfinished basement.
The property sits on an approximately 20' x 100' lot and has an approximately 20' x 35' building footprint. It is zoned R4 and is described as being in East New York, conveniently located near Belt Parkway and minutes from the A-train station/Grant Avenue, PS 214, supermarkets, banks, and religious institutions.
The home includes a long fenced backyard and a rear porch, with basement access via a separate entrance. The arrangement supports straightforward everyday living with space for storage or additional finishing options in the unfinished basement.
Key Highlights
- All‑brick attached one‑family home built in 1910, zoned R4
- Second floor offers 4 rooms with 1 full bathroom; total rooms include 5 bedrooms and 2 bathrooms
- Open kitchen with access to a rear porch for BBQ; living room, foyer, and a bedroom on the first floor
Local Financial Insights For Multifamily LT 5
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 | $53.8k | $38.40 |
| − Vacancy | −$2.4k | −$1.73 |
| EGI | $51.3k | $36.67 |
| − OpEx | −$15.4k | −$11.00 |
| NOI | $35.9k | $25.67 |
1,400 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$513.4K
$449.2K – $599.0K
NOI $35,939 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$457.1K
$400.0K – $533.3K
NOI $32,000 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$856.6K
$749.6K – $999.4K
NOI $59,964 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vail and Partners, LLC.
Corporate Office
Restaurant Supply
Big Box & Wholesale Store
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FAQs
What type of property is this?
Duplex - Recently renovated attached all-brick home with multiple finished rooms and an unfinished basement with a separate entrance.
Where is this duplex located?
The property is located at 557 Drew Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: All‑brick attached one‑family home built in 1910, zoned R4; Second floor offers 4 rooms with 1 full bathroom; total rooms include 5 bedrooms and 2 bathrooms; Open kitchen with access to a rear porch for BBQ; living room, foyer, and a bedroom on the first floor
