Two-Family Brick
New
For Sale
$1,088,000
1140 E 53rd Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,996 SF
Lot Size0.06 Acres
Price / SF$545.09
Days on Market2
Property Features for 1140 E 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3
Patio and Porch features
Deck
Interior features
A/C Unit, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Flatlands
Standard status
Active
Size
1,996 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8442
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Citi Star Inc
(718) 332-6669
Listed By:
Mohamed Mahmoud
(917) 771-7064
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 11:06AM
MLS# 505400
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.
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Investment Insights
Based on property information with market context.
This 1,996-square-foot, semi-detached brick duplex contains two family units, with a three-bedroom level above a two-bedroom level. A full finished basement adds usable interior space. The property also includes front and rear yards, a deck, and parking for two cars. Interior features include hardwood, tile and carpet flooring, along with a washer, dryer, dishwasher, microwave, refrigerator and stove.
Built in 1945, the property is zoned R4 and is being offered together with 1144 East 53rd Street. The occupied property is offered in as-is condition. Nearby amenities cited include shopping, schools, playgrounds and restaurants; MTA service includes the B6, B46, B47, B82, B82-SBS, B103 and BM2 routes.
Built in 1945, the property is zoned R4 and is being offered together with 1144 East 53rd Street. The occupied property is offered in as-is condition. Nearby amenities cited include shopping, schools, playgrounds and restaurants; MTA service includes the B6, B46, B47, B82, B82-SBS, B103 and BM2 routes.
Key Highlights
- Two‑family, semi‑detached brick property with 1,996 square feet
- Three‑bedroom level above a two‑bedroom level, plus a full finished basement
- Front and rear yards, a deck, and 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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Current Use
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied residence includes a finished basement, outdoor space, and parking for two vehicles.
Where is this duplex located?
The property is located at 1140 E 53rd Street 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 property with 1,996 square feet; Three‑bedroom level above a two‑bedroom level, plus a full finished basement; Front and rear yards, a deck, and parking for 2 cars
