Legal 3-Family Brick
1261 East 54th Street Brooklyn, NY 11234
1261 East 54th Street, Brooklyn, NY, 11234
$1,099,000
For Sale
$1,099,000
Legal 3-family brick semi-detached residence with three separate units and two private driveways for off-street parking.
Property Size2,680 SF
Price / SF$410.07
Days on Market22
Property Features for 1261 East 54th Street
General Information
- Standard status
- Active
- Size
- 2,680 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1960
Listing agency
Douglas Elliman Real Estate
(516) 623-4500
Listed by
Carmela Dragonetti · License #10301205626
(516) 623-4500
Source
Compass
Added: Jun 30 Updated: Jul 21 at 10:06AM Checked: Jul 21 at 10:06AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This legal 3-family brick semi-detached home offers three separate units within a solid masonry structure. Designed to accommodate both investors and owner-occupants, the property provides flexibility across multiple living spaces, with room to refresh interiors and finishes.
The home is located in the Old Mill Basin section of Brooklyn on a quiet, tree-lined residential block. It also features two private driveways and ample off-street parking, supporting convenient day-to-day access.
The layout is configured as a true 3-family, and the property is presented as a brick home with renovation opportunities for kitchens, bathrooms, and overall interior customization.
The home is located in the Old Mill Basin section of Brooklyn on a quiet, tree-lined residential block. It also features two private driveways and ample off-street parking, supporting convenient day-to-day access.
The layout is configured as a true 3-family, and the property is presented as a brick home with renovation opportunities for kitchens, bathrooms, and overall interior customization.
Key Highlights
- Legal 3‑family brick semi‑detached home built in 1960 with three separate units
- Brick construction with private exterior property features
- Two private driveways providing ample off‑street parking
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 | $136.7k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $134.1k | $50.03 |
| − OpEx | −$40.2k | −$15.01 |
| NOI | $93.9k | $35.02 |
2,680 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,858 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,818 @ 7.0% cap · market cap 7.44%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,333 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal 3-family brick semi-detached residence with three separate units and two private driveways for off-street parking.
Where is this triplex located?
The property is located at 1261 East 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Legal 3‑family brick semi‑detached home built in 1960 with three separate units; Brick construction with private exterior property features; Two private driveways providing ample off‑street parking
