Detached Single-Family
For Sale
$725,000
1531 E 54th Street, Brooklyn, NY 11234
SINGLE_FAMILY - Brooklyn, NY
Property Size1,302 SF
Lot Size0.05 Acres
Price / SF$556.84
Days on Market164
Property Features for 1531 E 54th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Carport
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Old Mill Basin
Standard status
Active
Size
1,302 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6412
Building Details
Year built
1920
Floors in Building
2
Flooring type
Parquet Wood, Laminate
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Pride Estates
(718) 569-2888
Listed By:
Alice Lee
(718) 569-2888
Added: Mar 16
Changed: Aug 14
Last Checked: Aug 26 at 12:06PM
MLS# 499642
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 fully detached single-family home offers generous interior space across three floors, including a living room, formal dining area, and an eat-in kitchen with granite countertops and stainless steel appliances. The half bath is located on the main level, and the upper floor includes three bedrooms with an additional 3/4 bathroom. A finished basement is accessible from the kitchen and provides two bonus rooms, an open laundry/utility area, and another 3/4 bathroom with flexible space for guests, a home office, or recreation.
The home features brand-new Pella windows installed throughout and includes a private carport plus a backyard. It is located near Avenue N shopping, dining, and transportation, with access to the B41 and Flatbush Avenue bus lines.
Set on a 20' x 100' lot, the main level is described as an extra-deep 14' x 47', adding to the home’s layout and room proportions.
The home features brand-new Pella windows installed throughout and includes a private carport plus a backyard. It is located near Avenue N shopping, dining, and transportation, with access to the B41 and Flatbush Avenue bus lines.
Set on a 20' x 100' lot, the main level is described as an extra-deep 14' x 47', adding to the home’s layout and room proportions.
Key Highlights
- Fully detached single‑family home built in 1920 with 3 bedrooms and multiple finished living areas
- 3 bathrooms total, including one on every floor (plus a 3/4 bath upstairs and another 3/4 bath in the finished basement)
- Private carport and an extra‑deep main level measuring 14' x 47' on a 20' x 100' lot
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
$39,749
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
5.48%
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%
$794,980
$795.0K
Cap Rate 7%
$567,843
$567.8K
Cap Rate 9%
$441,656
$441.7K
Market Conditions
NOI Build-Up for 1,302 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
$73.7K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$72.3K $55.51/SF
− OpEx
−$32.5K −$24.98/SF
NOI
$39.7K $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%
$794,980
Cap Rate 7%
$567,843
Cap Rate 9%
$441,656
Alternative Uses
Best Use
Apartment 5plus
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$943.3K – $1.26M
NOI $75,464 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,319
Businesses Nearby
Explore this area
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Fully detached home with three bathrooms, brand-new Pella windows, a private carport, and a finished basement with additional rooms.
Where is this single family property located?
The property is located at 1531 E 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fully detached single‑family home built in 1920 with 3 bedrooms and multiple finished living areas; 3 bathrooms total, including one on every floor (plus a 3/4 bath upstairs and another 3/4 bath in the finished basement); Private carport and an extra‑deep main level measuring 14' x 47' on a 20' x 100' lot
