Brooklyn Multi-Unit on Quiet
1278 E 53rd Street Brooklyn, NY 11234
1278 E 53rd Street, Brooklyn, NY, 11234
$1,400,000
For Sale
$1,400,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,100 SF
Lot Size0.05 Acres
Price / SF$451.61
Days on Market62
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 Agency
Exit All Seasons Realty
(718) 345-4545
8911 Glenwood Rd, Brooklyn, NY
Listed by
Hilaire Derosena
(718) 345-4545
Added: May 18 Checked: Jul 18 at 3:06 pm
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
NOI $108,567 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,640 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $2.99M
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
Similar For Sale Nearby
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
