2-Family Brick
New
For Sale
$1,088,000
1140 E 53rd St, Brooklyn, NY 11234
The residence has a finished basement, front and rear yards, and parking for two cars.
Property Size1,996 SF
Days on Market3
Property Features for 1140 E 53rd St
General Information
Standard status
Active
Size
1,996 SF
Total Parking Spaces
2
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,442
Building Details
Building Size
1,996 SF
Year Built
1945
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Citi Star Inc
Listed By:
Mohamed Mahmoud
(718) 332-6669
Source:
Elliman
Added: Oct 19
Last Checked: Oct 20 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Citi Star Inc
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Investment Insights
Based on property information with market context.
This semi-detached brick duplex is configured with a three-bedroom unit above a two-bedroom unit, plus a full finished basement. Front and rear yards and parking for two cars are also included. The property is offered with tenants in place and is being sold as-is as part of a package with 1144 E 53rd St.
The Flatlands property is near shopping, schools, playgrounds, restaurants, and multiple MTA bus routes, including the B6, B46, B47, B82, B82-SBS, B103, and BM2. Built in 1945.
The Flatlands property is near shopping, schools, playgrounds, restaurants, and multiple MTA bus routes, including the B6, B46, B47, B82, B82-SBS, B103, and BM2. Built in 1945.
Key Highlights
- Two‑family semi‑detached brick residence with three bedrooms over two bedrooms
- Full finished basement
- Front and rear yards; parking for 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,903
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,060
$1.4M
Cap Rate 7%
$998,614
$998.6K
Cap Rate 9%
$776,700
$776.7K
Market Conditions
NOI Build-Up for 1,996 SF
Gross rent
$101.8K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$99.9K $50.03/SF
− OpEx
−$30.0K −$15.01/SF
NOI
$69.9K $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 Rate 5%
$1,398,060
Cap Rate 7%
$998,614
Cap Rate 9%
$776,700
Alternative Uses
Best Use
Multifamily LT 5
$998.6K
$873.8K – $1.17M
NOI $69,903 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$870.5K
$761.7K – $1.02M
NOI $60,936 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,688 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,082
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence has a finished basement, front and rear yards, and parking for two cars.
Where is this duplex located?
The property is located at 1140 E 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Two‑family semi‑detached brick residence with three bedrooms over two bedrooms; Full finished basement; Front and rear yards; parking for 2 cars
