Duplex With Detached
For Sale
$849,000
1153 E 40th Street, Brooklyn, NY 11210
Residential, Brooklyn, NY
Property Size1,528 SF
Lot Size0.05 Acres
Price / SF$555.63
Days on Market297
Property Features for 1153 E 40th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,528 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6247
Amenities
private backyard
Building Details
Year built
1925
Floors in Building
2
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Exit All Seasons Realty
Listed By:
Yves L. Clerville
(718) 345-4545
Added: Nov 16, 2025
Changed: Sep 5
Last Checked: Sep 9 at 1:06AM
MLS# 497378
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 wood-frame duplex, constructed in 1925, contains 1,528 square feet on a 0.0459-acre lot. The upper residence provides two bedrooms, a living room, an eat-in kitchen, and a full bathroom. The lower residence includes three bedrooms, a living room, a kitchen, and a full bathroom, with direct access to the private backyard. A finished basement adds usable interior space.
The property includes a shared driveway and a detached one-car garage. Interior appliances include a refrigerator and stove, while the roof is finished with shingles. Located at 1153 E 40th Street in Brooklyn, the property carries R4 zoning and is identified as a duplex.
The property includes a shared driveway and a detached one-car garage. Interior appliances include a refrigerator and stove, while the roof is finished with shingles. Located at 1153 E 40th Street in Brooklyn, the property carries R4 zoning and is identified as a duplex.
Key Highlights
- Two‑family duplex with 1,528 square feet of property space
- 0.0459‑acre lot with private backyard access
- Upper level includes 2 bedrooms and an eat‑in kitchen
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
$53,513
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
6.30%
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%
$1,070,260
$1.1M
Cap Rate 7%
$764,471
$764.5K
Cap Rate 9%
$594,589
$594.6K
Market Conditions
NOI Build-Up for 1,528 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
$77.9K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$76.4K $50.03/SF
− OpEx
−$22.9K −$15.01/SF
NOI
$53.5K $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%
$1,070,260
Cap Rate 7%
$764,471
Cap Rate 9%
$594,589
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,651
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned two-family property with a finished basement, private backyard, and separate living areas.
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 duplex with 1,528 square feet of property space; 0.0459‑acre lot with private backyard access; Upper level includes 2 bedrooms and an eat‑in kitchen
