Brooklyn Two-Family Home with
1153 E 40th Street Brooklyn, NY 11210
1153 E 40th Street, Brooklyn, NY, 11210
$849,000
For Sale
$849,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,528 SF
Lot Size0.05 Acres
Price / SF$555.63
Days on Market243
Property Features for 1153 E 40th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
- Parking features
- Garage - Detached
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,528 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6247
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing Agency
Exit All Seasons Realty
(718) 345-4545
8911 Glenwood Rd, Brooklyn, NY
Listed by
Yves L. Clerville
(718) 345-4545
Added: Nov 16, 2025 Checked: Jul 17 at 1:06 am
MLS# 497378
Listing URL
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 spacious two-family home is situated in the Flatlands neighborhood. The second floor features a versatile layout with two bedrooms, a large living room, an eat-in kitchen, and a full bathroom. On the first floor, there are three bedrooms, a living room, a kitchen, a full bath, and access to a private backyard. The property is well-maintained and offers additional space in a full finished basement. A shared driveway leads to a detached one-car garage. With strong income potential, this property is suitable as a rental property. The lot size is 0.0459 acres, and the property size is 1528 square feet. The zoning is R4.
Key Highlights
- Two‑family home with 5 bedrooms and 3 full bathrooms across both floors
- Second floor offers 2 bedrooms, large living room, eat‑in kitchen, and a full bathroom
- First floor features 3 bedrooms, living room, kitchen, full bathroom, and access to a private backyard
Local 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 | $77.9k | $51.00 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $76.4k | $50.03 |
| − OpEx | −$22.9k | −$15.01 |
| NOI | $53.5k | $35.02 |
1,528 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.5K
$668.9K – $891.9K
NOI $53,513 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$666.4K
$583.1K – $777.5K
NOI $46,648 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,563 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-family home in Flatlands with strong income potential.
Where is this duplex located?
The property is located at 1153 E 40th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family home with 5 bedrooms and 3 full bathrooms across both floors; Second floor offers 2 bedrooms, large living room, eat‑in kitchen, and a full bathroom; First floor features 3 bedrooms, living room, kitchen, full bathroom, and access to a private backyard
