Two Two-Family
For Sale
$1,900,000
853 53rd Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$950
Days on Market832
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 1, Bathroom 2
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
(718) 382-0001
Listed By:
Priscilla Tran
(718) 382-0001
Added: Apr 23, 2024
Changed: Jul 11
Last Checked: Aug 2 at 2:06AM
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.
Two separate two-family houses are offered as a package deal on a combined 40' x 100' lot. The property is presented with R6 zoning and a stated FAR of 4.8, allowing for up to 19,200 square feet.
The listing is located in Sunset Park at 853 53rd Street, Brooklyn, NY 11220, described as a Prime 8th Ave location.
This package targets builders and investors looking for an R6 development site accommodating two 2-family structures on the combined lot.
The listing is located in Sunset Park at 853 53rd Street, Brooklyn, NY 11220, described as a Prime 8th Ave location.
This package targets builders and investors looking for an R6 development site accommodating two 2-family structures on the combined lot.
Key Highlights
- Package deal: two 2‑family houses on a combined 40' x 100' lot
- R6 zoning with FAR 4.8, with potential up to 19,200 SF
- Year built: 1910 wood‑frame construction
Financial Insights For Multifamily LT 5
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 | $88.8k | $44.40 |
| − Vacancy | −$3.7k | −$1.86 |
| EGI | $85.1k | $42.54 |
| − OpEx | −$25.5k | −$12.76 |
| NOI | $59.5k | $29.77 |
2,000 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-family houses offered as a package deal under R6 zoning.
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: Package deal: two 2‑family houses on a combined 40' x 100' lot; R6 zoning with FAR 4.8, with potential up to 19,200 SF; Year built: 1910 wood‑frame construction
