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Brooklyn Multi-Unit on Quiet Street

1278 E 53rd Street Brooklyn, NY 11234

Claim this Listing
For Sale
$1,400,000

MULTI_FAMILY - Brooklyn, NY

Property size:
3,100 SF
Lot size:
0.05 Acres
Price / SF:
$451.61/SF
Added:
May 18, 2026
Days on Market:
58
Last Refresh:
Jul 14 at 12:06 am

Property Features for 1278 E 53rd 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
Interior features
Refrigerator, Stove
Basement
Full, Finished
Standard status
Active
Size
3,100 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
9029

Building Details

Year built
1950
Floors in Building
3
Number of units
2
Building materials
Brick
Roof type
Flat

Listing agent Hilaire Derosena

Listing office Exit All Seasons Realty 8911 Glenwood Rd, Brooklyn, NY

Listing date May 18, 2026

MLS# 501590 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 well-maintained brick multi-unit property is located on a quiet, tree-lined street in Flatlands, Brooklyn. The property spans over three levels and includes a full finished basement. The top floor features a large three-bedroom apartment, while the second-floor unit offers a spacious two-bedroom layout. Additional space is available on the lower level, which also includes a one-car garage. Flatlands is known for its quiet, suburban ambience. The property is located near Marine Park, which covers almost 800 acres and offers multiple playgrounds, bicycle lines, a golf course, and a launch site for canoes and kayaks. The property size is 3100 square feet and the lot size is 0.048 acres. The property is zoned R4.

Key Highlights

  • Brick multi‑unit home built in 1950 with flat roof
  • Features multiple units across three levels, including a large 3‑bedroom apartment on the top floor
  • Second‑floor unit offers a spacious 2‑bedroom layout

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 $158.1k $51.00
− Vacancy −$3.0k −$0.97
EGI $155.1k $50.03
− OpEx −$46.5k −$15.01
NOI $108.6k $35.02
3,100 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,567 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M (±1% cap)
NOI $94,640 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $2.99M (±1% cap)
NOI $179,676 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store Bar & Pub Skin Care Clinic Nursing Home Tattoo & Piercing Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained multi-family property in Flatlands, near Marine Park.
Where is this duplex located?
The property is located at 1278 E 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Brick multi‑unit home built in 1950 with flat roof; Features multiple units across three levels, including a large 3‑bedroom apartment on the top floor; Second‑floor unit offers a spacious 2‑bedroom layout
Contact an agent
More about this property
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