Two 2-Family Houses on One
For Sale
$1,900,000
855 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 855 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
A/C Unit - Window
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6985
Building Details
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Leo Chen
(718) 382-0001
Added: Apr 23, 2024
Changed: Jul 30
Last Checked: Aug 2 at 2:06AM
MLS# 481501
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 package deal includes two 2-family houses at 855 53rd Street, Brooklyn, NY 11220, on a combined 40’x100’ lot. The offering is R6 zoned with an FAR of 4.8, providing up to 19,200 SF of potential floor area. The structures are wood frame and include window A/C units.
The property is positioned for builders and investors seeking multifamily redevelopment or value through layout and configuration. The remarks also indicate the package is sold together with 853 53rd Street.
With a small overall footprint (0.046 acres) and two separate 2-family houses, this is a compact, lot-focused multifamily opportunity designed for buyers evaluating plans within R6 zoning parameters and the FAR cap.
The property is positioned for builders and investors seeking multifamily redevelopment or value through layout and configuration. The remarks also indicate the package is sold together with 853 53rd Street.
With a small overall footprint (0.046 acres) and two separate 2-family houses, this is a compact, lot-focused multifamily opportunity designed for buyers evaluating plans within R6 zoning parameters and the FAR cap.
Key Highlights
- Package deal includes 853 53rd Street together with 855 53rd Street, Brooklyn, NY 11220
- Two 2‑family houses on a combined 40' x 100' lot
- R6 zoning with FAR 4.8 and potential up to 19,200 SF
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
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 on an R6 zoned Brooklyn lot with FAR 4.8 and A/C window units.
Where is this duplex located?
The property is located at 855 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 includes 853 53rd Street together with 855 53rd Street, Brooklyn, NY 11220; Two 2‑family houses on a combined 40' x 100' lot; R6 zoning with FAR 4.8 and potential up to 19,200 SF
