Three-Bedroom Duplex with Attached
New
For Sale
$699,000
1240 E 53rd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,732 SF
Lot Size0.04 Acres
Price / SF$403.58
Days on Market1
Property Features for 1240 E 53rd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Garage - Attached
Basement
Full
Subdivision
Flatlands
Standard status
Active
Size
1,732 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2941
Amenities
attached garage
front porch
backyard garden
Building Details
Year built
1940
Floors in Building
2
Flooring type
Carpet
Building materials
Brick
Roof type
Flat
Architectural style
Other
Buildings
1
Listing Agency:
Real Broker NY LLC
Listed By:
Julianne M. Shea
(718) 256-4000
Added: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 505496
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.
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Investment Insights
Based on property information with market context.
This 1,732-square-foot duplex has three bedrooms and two bathrooms, with an attached garage and a front porch. Brick construction, carpet flooring and a flat roof are among its existing features. The home was built in 1940 and includes a backyard garden.
The property occupies a 0.0415-acre lot in Brooklyn and is zoned R5. Its residential layout and existing condition provide a basis for evaluating renovation plans.
The property occupies a 0.0415-acre lot in Brooklyn and is zoned R5. Its residential layout and existing condition provide a basis for evaluating renovation plans.
Key Highlights
- Three bedrooms and two bathrooms
- 1,732 square feet on a 0.0415‑acre lot
- Attached garage and front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,658
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,160
$1.2M
Cap Rate 7%
$866,543
$866.5K
Cap Rate 9%
$673,978
$674.0K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$88.3K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$86.7K $50.03/SF
− OpEx
−$26.0K −$15.01/SF
NOI
$60.7K $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%
$1,213,160
Cap Rate 7%
$866,543
Cap Rate 9%
$673,978
Alternative Uses
Best Use
Multifamily LT 5
$866.5K
$758.2K – $1.01M
NOI $60,658 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$755.4K
$661.0K – $881.3K
NOI $52,876 @ 7.0% cap · market cap 7.56%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,387 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,255
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction and a backyard garden accompany this residential property in Brooklyn.
Where is this duplex located?
The property is located at 1240 E 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; 1,732 square feet on a 0.0415‑acre lot; Attached garage and front porch
