Two-Family Duplex with Finished
For Sale
$799,000
1144 E 53rd Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,576 SF
Lot Size0.05 Acres
Price / SF$506.98
Days on Market158
Property Features for 1144 E 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
10
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 8, Bathroom 7, Bathroom 10, Bathroom 5, Bathroom 9, Bathroom 6, Bathroom 1
Parking features
Carport
Patio and Porch features
Deck, Porch
Interior features
Deck, Dishwasher, Dryer, Laundry Area, Porch, Refrigerator, Stove
Basement
Full
Subdivision
East Flatbush
Standard status
Active
Size
1,576 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7140
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Tunde (Angel) Malka
(718) 763-4110
Added: Mar 9
Changed: Aug 3
Last Checked: Aug 13 at 10:06AM
MLS# 499324
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.
Located at 1144 E 53rd Street in Brooklyn, NY 11234, this well-maintained two-family duplex offers a 2 bedroom over 2 bedroom layout with a fully finished basement. The property includes a brick construction and a shingle roof, and it was built in 1945.
The home totals 1,576 square feet on a 0.0517-acre lot and features a deck and porch for outdoor use, along with a carport for parking. Interior finishes include hardwood, tile, and carpet flooring. The unit amenities list includes a dishwasher, dryer, refrigerator, and stove, with a dedicated laundry area as well.
Zoned R4, this duplex is set up as a self-contained two-family residence with multiple bathrooms across the home.
The home totals 1,576 square feet on a 0.0517-acre lot and features a deck and porch for outdoor use, along with a carport for parking. Interior finishes include hardwood, tile, and carpet flooring. The unit amenities list includes a dishwasher, dryer, refrigerator, and stove, with a dedicated laundry area as well.
Zoned R4, this duplex is set up as a self-contained two-family residence with multiple bathrooms across the home.
Key Highlights
- Two‑family duplex with 2 bedroom over 2 bedroom layout
- Fully finished basement
- 1,576 square feet on a 0.0517‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
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 - R4-zoned two-family duplex built in 1945 with a deck and porch, plus a fully finished basement.
Where is this duplex located?
The property is located at 1144 E 53rd Street 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 duplex with 2 bedroom over 2 bedroom layout; Fully finished basement; 1,576 square feet on a 0.0517‑acre lot
