Detached Duplex with Private Basement
567 51st Street Brooklyn, NY 11203
For Sale
$675,000
Pending
Fully detached three-bedroom duplex with updated kitchen and baths, plus a semi-finished basement with its own entrance and bathroom.
Property Size1,300 SF
Days on Market732
Property Features for 567 51st Street
General Information
- Standard status
- Pending
- Size
- 1,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
Century 21 Achievers
(718) 758-0600
Listed By:
Andre Hanniford
(718) 758-0600
Source:
Exitrealty
Added: Jul 23, 2024
Changed: Jul 23
Last Checked: Jul 24 at 5:27AM
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 Century 21 Achievers
Investment Insights
Based on property information with market context.
This fully detached three-bedroom duplex offers two full bathrooms on the main level and updated kitchen and bathroom finishes. The layout includes ample closet space and significant natural light throughout. A semi-finished basement adds flexibility, featuring its own entrance and an additional bathroom.
The property includes a one-car garage located in the rear and a shared driveway.
Overall, the home combines a straightforward duplex configuration with a basement that has separate access, supporting multiple practical uses within one address.
The property includes a one-car garage located in the rear and a shared driveway.
Overall, the home combines a straightforward duplex configuration with a basement that has separate access, supporting multiple practical uses within one address.
Key Highlights
- Fully detached three‑bedroom duplex (Year built: 1920) with two full bathrooms
- Updated main kitchen and updated bathrooms
- Semi‑finished basement with its own entrance and an additional bathroom
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 | $66.3k | $51.00 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $65.0k | $50.03 |
| − OpEx | −$19.5k | −$15.01 |
| NOI | $45.5k | $35.02 |
1,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$650.4K
$569.1K – $758.8K
NOI $45,528 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$567.0K
$496.1K – $661.5K
NOI $39,688 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully detached three-bedroom duplex with updated kitchen and baths, plus a semi-finished basement with its own entrance and bathroom.
Where is this duplex located?
The property is located at 567 51st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully detached three‑bedroom duplex (Year built: 1920) with two full bathrooms; Updated main kitchen and updated bathrooms; Semi‑finished basement with its own entrance and an additional bathroom
