Brooklyn Two-Family Residence For
For Sale
$799,000
1144 E 53rd St, Brooklyn, NY 11234
Well-maintained two-family residence in Brooklyn's 11234 area.
Property Size1,576 SF
Lot Size0.05 Acres
Days on Market231
Property Features for 1144 E 53rd St
General Information
Standard status
Active
Size
1,576 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,140
Building Details
Building Size
1,576 SF
Year Built
1945
Stories
2
Listing Agency:
Bergen Basin Realty
Listed By:
Tunde (Angel) Malka
(718) 763-4110
Source:
Elliman
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 26 at 5:21PM
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 Bergen Basin Realty
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Investment Insights
Based on property information with market context.
This well-maintained two-family residence is located in the 11234 area of Brooklyn. The spacious property features a 2-bedroom apartment over a 2-bedroom apartment, with a fully finished basement.
Key Highlights
- Two‑family residence: Ideal for investors or multi‑generational living.
- Desirable 11234 Brooklyn location.
- Two 2‑bedroom apartments: Provides ample living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,194
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,880
$1.1M
Cap Rate 7%
$788,486
$788.5K
Cap Rate 9%
$613,267
$613.3K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$80.4K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$78.8K $50.03/SF
− OpEx
−$23.7K −$15.01/SF
NOI
$55.2K $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%
$1,103,880
Cap Rate 7%
$788,486
Cap Rate 9%
$613,267
Alternative Uses
Best Use
Multifamily LT 5
$788.5K
$689.9K – $919.9K
NOI $55,194 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$687.3K
$601.4K – $801.9K
NOI $48,114 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,345 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,623
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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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 - Well-maintained two-family residence in Brooklyn's 11234 area.
Where is this duplex located?
The property is located at 1144 E 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family residence: Ideal for investors or multi‑generational living.; Desirable 11234 Brooklyn location.; Two 2‑bedroom apartments: Provides ample living space.
