Six-Unit Apartment
For Sale
$1,850,000
715 55th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size4,719 SF
Lot Size0.05 Acres
Price / SF$392.03
Days on Market1799
Property Features for 715 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
12
Bathrooms
7
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 9, Bathroom 7, Bedroom 10, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 11, Bathroom 1, Bathroom 6, Bathroom 2, Bedroom 12
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sunset Park
Standard status
Active
Size
4,719 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
14132
Building Details
Year built
1915
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Nov 7, 2021
Changed: Oct 10
Last Checked: Oct 10 at 8:06PM
MLS# 457019
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 six-family apartment building was constructed in 1915 with brick construction, a flat roof, hardwood and tile flooring, and window A/C units. The property includes refrigerators and stoves, with a building footprint of 23 x 79 feet on a 23 x 100-foot lot. The total building size is 4,719 square feet on 0.0529 acres.
Zoned R6B, the property is the second building from 7th Avenue. The zoning is described as allowing approval for a configuration of 2 commercial units and 4 residential families. The apartments are reported as having no rent control, and no leases are in place for the tenants.
Zoned R6B, the property is the second building from 7th Avenue. The zoning is described as allowing approval for a configuration of 2 commercial units and 4 residential families. The apartments are reported as having no rent control, and no leases are in place for the tenants.
Key Highlights
- Six‑family apartment building constructed in 1915
- 4,719 square feet on a 0.0529‑acre lot
- 23 x 79‑foot building on a 23 x 100‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,244
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,604,880
$2.6M
Cap Rate 7%
$1,860,629
$1.9M
Cap Rate 9%
$1,447,156
$1.4M
Market Conditions
NOI Build-Up for 4,719 SF
Gross rent
$226.5K $48.00/SF
− Vacancy
−$18.1K −$3.84/SF
EGI
$208.4K $44.16/SF
− OpEx
−$78.1K −$16.56/SF
NOI
$130.2K $27.60/SF
Area
ZIP 11220
Vacancy
8.00%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,604,880
Cap Rate 7%
$1,860,629
Cap Rate 9%
$1,447,156
Alternative Uses
Best Use
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,244 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,840 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,144 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,331
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with R6B zoning and six family units.
Where is this apartment building located?
The property is located at 715 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Six‑family apartment building constructed in 1915; 4,719 square feet on a 0.0529‑acre lot; 23 x 79‑foot building on a 23 x 100‑foot lot
