Quadplex with One-Year-Old
For Sale
$1,898,000
727 53rd Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size2,400 SF
Lot Size0.05 Acres
Price / SF$790.83
Days on Market137
Property Features for 727 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
2,400 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12947
Building Details
Year built
1908
Floors in Building
2
Flooring type
Linoleum, Laminate
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
Empire State Realty Group
(646) 932-4442
Listed By:
Aldo Iemma · License #10311208950
(646) 932-4442
Added: Apr 10
Changed: Aug 14
Last Checked: Aug 24 at 7:06PM
MLS# 500392
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 occupied quadplex at 727 53rd Street was built in 1908 and features wood-frame construction with flat roofing. The interior includes laminate and linoleum flooring, along with a stove and refrigerator.
Zoned R6B in Brooklyn, the property is offered for sale for the first time in 40 years. The listing notes no leases currently and highlights a boiler that is one year old. For development context, the remarks include an actual FAR of 1.20, a maximum residential FAR of 2.0, and a maximum residential square footage of 4,006, with buildable square footage noted as 1,606.
The existing configuration supports a four-family setup, aligned with the property’s residential zoning and the mixed-use/community buildable limits described in the offering remarks.
Zoned R6B in Brooklyn, the property is offered for sale for the first time in 40 years. The listing notes no leases currently and highlights a boiler that is one year old. For development context, the remarks include an actual FAR of 1.20, a maximum residential FAR of 2.0, and a maximum residential square footage of 4,006, with buildable square footage noted as 1,606.
The existing configuration supports a four-family setup, aligned with the property’s residential zoning and the mixed-use/community buildable limits described in the offering remarks.
Key Highlights
- Fully occupied four‑family quadplex at 727 53rd Street
- Built in 1908 with wood‑frame construction and flat roof
- Boiler reported as one year old
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
$71,459
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
3.76%
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%
$1,429,180
$1.4M
Cap Rate 7%
$1,020,843
$1.0M
Cap Rate 9%
$793,989
$794.0K
Market Conditions
NOI Build-Up for 2,400 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
$106.6K $44.40/SF
− Vacancy
−$4.5K −$1.86/SF
EGI
$102.1K $42.54/SF
− OpEx
−$30.6K −$12.76/SF
NOI
$71.5K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$1,429,180
Cap Rate 7%
$1,020,843
Cap Rate 9%
$793,989
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.2K – $1.19M
NOI $71,459 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,910 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
7,625
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex zoned R6B, built in 1908, with a one-year-old boiler.
Where is this quadplex located?
The property is located at 727 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: Fully occupied four‑family quadplex at 727 53rd Street; Built in 1908 with wood‑frame construction and flat roof; Boiler reported as one year old
