Two-Family Duplex with Finished
For Sale
$1,549,000
990 E 56th Street, Brooklyn, NY 11234
Two three-bedroom units pair with a private driveway and outdoor yard space.
Property Size3,000 SF
Lot Size0.09 Acres
Price / SF$516.33
Days on Market33
Property Features for 990 E 56th Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,931
Amenities
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Granite Counters
Kitchen Island
Primary Bathroom
Master Downstairs
Recessed Lighting
Washer/Dryer Hookup
Building Details
Building Size
3,000 SF
Year Built
1920
Units
2
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Halknopfrealty
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
At 990 E 56th Street, this two-family duplex contains two three-bedroom, two-bathroom residences. A full finished basement has interior and exterior entrances and may support additional household or recreation space. The property also includes a private driveway and yard on a 40-by-100-foot lot. The building contains 3,000 square feet.
The address is in Brooklyn, near Kings Highway, Utica Avenue, Avenue H, and Avenue I. Schools, shopping centers, restaurants, cafes, and parks are located within short blocks of the property.
Both residences have open living and dining areas, kitchens with granite counters, custom cabinetry, stainless steel appliances, and an island with seating. Each includes a primary bedroom with an ensuite bathroom, two additional bedrooms, and a shared full bathroom.
The address is in Brooklyn, near Kings Highway, Utica Avenue, Avenue H, and Avenue I. Schools, shopping centers, restaurants, cafes, and parks are located within short blocks of the property.
Both residences have open living and dining areas, kitchens with granite counters, custom cabinetry, stainless steel appliances, and an island with seating. Each includes a primary bedroom with an ensuite bathroom, two additional bedrooms, and a shared full bathroom.
Key Highlights
- Two‑family duplex with two 3‑bedroom, 2‑bathroom residences
- Full finished basement with interior and exterior access
- 3,000 square feet on a 40x100‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
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Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units pair with a private driveway and outdoor yard space.
Where is this duplex located?
The property is located at 990 E 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two‑family duplex with two 3‑bedroom, 2‑bathroom residences; Full finished basement with interior and exterior access; 3,000 square feet on a 40x100‑foot lot
