Detached Duplex with Finished
For Sale
$850,000
1782 E 51st Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,248 SF
Lot Size0.05 Acres
Price / SF$681.09
Days on Market45
Property Features for 1782 E 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Old Mill Basin
Standard status
Active
Size
1,248 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6843
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Parquet Wood
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Pride Estates
Listed By:
Louis Prince
(718) 569-2888
Added: Jul 20
Changed: Aug 29
Last Checked: Sep 2 at 5:06AM
MLS# 503149
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, wood-frame duplex at 1782 E 51st Street offers a three-bedroom duplex residence with full bathrooms on every level. The home is currently arranged as a single-family residence and includes a finished basement with its own entrance. Interior features include a dishwasher, refrigerator, stove, washer, dryer, parquet wood, tile, and hardwood flooring.
The property occupies a 23' x 100' lot in Brooklyn’s Old Mill Basin, with a 16' x 36' building and 1,248 square feet of property size. Outdoor features include an oversized front porch and a backyard. Built in 1920, the property is zoned R3-2 and includes the flexibility associated with its two-family configuration.
The property occupies a 23' x 100' lot in Brooklyn’s Old Mill Basin, with a 16' x 36' building and 1,248 square feet of property size. Outdoor features include an oversized front porch and a backyard. Built in 1920, the property is zoned R3-2 and includes the flexibility associated with its two-family configuration.
Key Highlights
- Fully detached two‑family home currently arranged as a single‑family residence
- Three‑bedroom duplex with full bathrooms on every level
- Finished basement with a separate entrance
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
$43,707
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
5.14%
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%
$874,140
$874.1K
Cap Rate 7%
$624,386
$624.4K
Cap Rate 9%
$485,633
$485.6K
Market Conditions
NOI Build-Up for 1,248 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
$63.6K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$62.4K $50.03/SF
− OpEx
−$18.7K −$15.01/SF
NOI
$43.7K $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 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%
$874,140
Cap Rate 7%
$624,386
Cap Rate 9%
$485,633
Alternative Uses
Best Use
Multifamily LT 5
$624.4K
$546.3K – $728.5K
NOI $43,707 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$544.3K
$476.3K – $635.0K
NOI $38,100 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$1.03M
$904.2K – $1.21M
NOI $72,334 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,583
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout includes a three-bedroom residence, separate-entry finished basement, outdoor space, and bathrooms on every level.
Where is this duplex located?
The property is located at 1782 E 51st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully detached two‑family home currently arranged as a single‑family residence; Three‑bedroom duplex with full bathrooms on every level; Finished basement with a separate entrance
