1654 E 51st Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
- Added:
- Nov 17, 2025
- Days on Market:
- 232
- Last Refresh:
- Jul 7 at 4:06 am
Property Features for 1654 E 51st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Interior features
- Dishwasher, Laundry Area, Microwave
- Basement
- Finished
- Standard status
- Active
- Size
- 1,472 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6337
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Hardwood, Tile, Carpet
- Building materials
- Wood Frame
Listing agent Joseph F. Girgenti (718) 680-6442
Listing office Ben Bay Rlty Co of Ave U LLC 8304 13th Ave, Brooklyn, NY (718) 372-6442
Listing date Nov 17, 2025
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.
HighLights
- Detached home built in 1920 with wood‑frame construction
- 3 bedrooms and 3 full bathrooms
- Bright living room plus formal dining room
- Kitchen includes Corian countertops, dishwasher, and microwave
- Hardwood flooring with tile and carpet in select areas
- Shared driveway to a two‑car garage for off‑street parking
Overview
The property is zoned R3-2 in Brooklyn. The existing layout and shared-driveway access support flexible living arrangements, including the ability to function as a single-family home or be converted back to a two-family configuration.
For buyers seeking a home that can accommodate multi-generational living, the current 3-bedroom, 3-bath arrangement provides substantial space and full-bath convenience. For investors or owners considering a change in use, the property’s noted convertibility back to a two-family configuration offers a practical path to re-staging the home to a different rental setup. The combination of a detached footprint, off-street parking, and a clear interior configuration makes this a straightforward option for a range of residential buyers and operators.
Local Financial Insights For Apartment 5plus
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 | $83.4k | $56.64 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $81.7k | $55.51 |
| − OpEx | −$36.8k | −$24.98 |
| NOI | $44.9k | $30.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.926274
- Latitude
- 40.620038
