Brick Duplex with Finished
For Sale
$1,300,000
1278 E 53rd Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size3,100 SF
Lot Size0.05 Acres
Price / SF$419.35
Days on Market162
Property Features for 1278 E 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Old Mill Basin
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 Agency:
Exit All Seasons Realty
Listed By:
Hilaire Derosena
(718) 345-4545
Added: May 18
Changed: Oct 20
Last Checked: Oct 26 at 11:06PM
MLS# 501590
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 brick duplex was built in 1950 and contains 3100 square feet across three levels, plus a full finished basement. The upper apartment has three bedrooms, while the second-floor residence provides two bedrooms. The lower level adds finished space and includes a one-car garage. Interior features include a refrigerator and stove, and the building has a flat roof.
Located at 1278 E 53rd Street in Brooklyn’s Flatlands section, the property carries R4 zoning and sits on a 0.048-acre lot. Marine Park is nearby, offering playgrounds, bicycle paths, a golf course, and facilities for canoe and kayak outings.
Located at 1278 E 53rd Street in Brooklyn’s Flatlands section, the property carries R4 zoning and sits on a 0.048-acre lot. Marine Park is nearby, offering playgrounds, bicycle paths, a golf course, and facilities for canoe and kayak outings.
Key Highlights
- Two‑unit duplex with a three‑bedroom upper apartment and two‑bedroom second‑floor apartment
- 3100 square feet on a 0.048‑acre lot
- Full finished basement with additional lower‑level space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,567
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,171,340
$2.2M
Cap Rate 7%
$1,550,957
$1.6M
Cap Rate 9%
$1,206,300
$1.2M
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$158.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.1K $50.03/SF
− OpEx
−$46.5K −$15.01/SF
NOI
$108.6K $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%
$2,171,340
Cap Rate 7%
$1,550,957
Cap Rate 9%
$1,206,300
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,567 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,640 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $2.99M
NOI $179,676 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,255
Businesses Nearby
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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 - Three-level configuration includes two apartments, additional lower-level space, and an attached one-car garage.
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 $1,300,000.
What are key features of this property?
This property features: Two‑unit duplex with a three‑bedroom upper apartment and two‑bedroom second‑floor apartment; 3100 square feet on a 0.048‑acre lot; Full finished basement with additional lower‑level space
