Wood-Frame Duplex in Sunset
For Sale
$1,900,000
853 53rd Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$950
Days on Market878
Property Features for 853 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5326
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Listing Agency:
Momentum Real Estate LLC
Listed By:
Priscilla Tran
(718) 382-0001
Added: Apr 23, 2024
Changed: Sep 12
Last Checked: Sep 17 at 9:06PM
MLS# 481499
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 2,000-square-foot duplex is a wood-frame residential property built in 1910. The interior includes two bathrooms, window air-conditioning, a refrigerator, and a stove. The property sits on approximately 0.046 acres and is identified with R6 zoning.
The offering includes 853 53rd Street and is presented with 855 53rd Street as a package. Combined lot dimensions are 40 feet by 100 feet. The source information identifies a FAR of 4.8 and states capacity of up to 19,200 square feet. The property is located in Sunset Park, Brooklyn, within Kings County.
The offering includes 853 53rd Street and is presented with 855 53rd Street as a package. Combined lot dimensions are 40 feet by 100 feet. The source information identifies a FAR of 4.8 and states capacity of up to 19,200 square feet. The property is located in Sunset Park, Brooklyn, within Kings County.
Key Highlights
- R6 zoning with FAR 4.8 and stated capacity of up to 19,200 SF
- Package offering includes 853 53rd Street and 855 53rd Street
- Combined lot measures 40'x100'
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
$59,549
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
3.13%
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%
$1,190,980
$1.2M
Cap Rate 7%
$850,700
$850.7K
Cap Rate 9%
$661,656
$661.7K
Market Conditions
NOI Build-Up for 2,000 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
$88.8K $44.40/SF
− Vacancy
−$3.7K −$1.86/SF
EGI
$85.1K $42.54/SF
− OpEx
−$25.5K −$12.76/SF
NOI
$59.5K $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%
$1,190,980
Cap Rate 7%
$850,700
Cap Rate 9%
$661,656
Alternative Uses
Best Use
Multifamily LT 5
$850.7K
$744.4K – $992.5K
NOI $59,549 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$761.9K
$666.7K – $888.9K
NOI $53,333 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,758 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
7,809
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R6-zoned residential property with two bathrooms, window A/C, refrigerator, and stove.
Where is this duplex located?
The property is located at 853 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: R6 zoning with FAR 4.8 and stated capacity of up to 19,200 SF; Package offering includes 853 53rd Street and 855 53rd Street; Combined lot measures 40'x100'
