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 Market210
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: Sep 30
Last Checked: Oct 5 at 4:13PM
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
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,623
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - 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.
