Two-Family Brick Duplex with
New
For Sale
$849,000
1349 E 54th St, Brooklyn, NY 11234
Two separate residences include an upper unit with a rear terrace and a lower one-bedroom rental.
Property Size1,540 SF
Days on Market5
Property Features for 1349 E 54th St
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,346
Amenities
rear terrace
private backyard
modern European kitchen
Samsung stainless steel appliances
granite countertops
custom island
ductless climate control
LED lighting
oak hardwood floors
energy efficient windows
Building Details
Building Size
1,540 SF
Year Built
1940
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Bergen Basin Realty
Listed By:
Lee S Wasserman
(718) 787-4110
Source:
Elliman
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 10:51AM
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 Bergen Basin Realty
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Investment Insights
Based on property information with market context.
Built in 1940, this brick duplex contains two residences. The upper-floor unit features a European-style kitchen with Samsung stainless steel appliances, granite counters, and a built-in island. Three ductless climate-control units, LED ceiling lights, oak hardwood floors, oversized bedrooms, and a renovated bathroom are also included. A terrace off the second bedroom connects to the backyard. The ground-floor residence is configured as a large one-bedroom rental.
Property updates include energy-efficient windows and a roof replaced in 2017. A built-in garage and private driveway provide on-site vehicle accommodation. The property is in Brooklyn’s Old Mill Basin section; walk, bike, and transit scores are 84, 68, and 80, respectively.
Property updates include energy-efficient windows and a roof replaced in 2017. A built-in garage and private driveway provide on-site vehicle accommodation. The property is in Brooklyn’s Old Mill Basin section; walk, bike, and transit scores are 84, 68, and 80, respectively.
Key Highlights
- Two residences, including a lower‑level one‑bedroom rental
- Upper unit has a terrace opening to the backyard
- Samsung stainless steel appliances, granite counters, and kitchen island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,933
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,660
$1.1M
Cap Rate 7%
$770,471
$770.5K
Cap Rate 9%
$599,256
$599.3K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$78.5K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$77.0K $50.03/SF
− OpEx
−$23.1K −$15.01/SF
NOI
$53.9K $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%
$1,078,660
Cap Rate 7%
$770,471
Cap Rate 9%
$599,256
Alternative Uses
Best Use
Multifamily LT 5
$770.5K
$674.2K – $898.9K
NOI $53,933 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$671.6K
$587.7K – $783.6K
NOI $47,015 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,258 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include an upper unit with a rear terrace and a lower one-bedroom rental.
Where is this duplex located?
The property is located at 1349 E 54th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two residences, including a lower‑level one‑bedroom rental; Upper unit has a terrace opening to the backyard; Samsung stainless steel appliances, granite counters, and kitchen island
