Brick Two-Family
New
For Sale
$849,000
1349 E 54th Street, Brooklyn, NY 11234
Residential, Ranch, Brooklyn, NY
Property Size1,540 SF
Lot Size0.05 Acres
Price / SF$551.30
Days on Market1
Property Features for 1349 E 54th Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Garage
Interior features
Central Air - Split, Dishwasher, Refrigerator, Stove
Subdivision
Old Mill Basin
Standard status
Active
Size
1,540 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7346
Amenities
high end Samsung stainless steel appliances
granite counter-tops
custom island
rear terrace
private backyard
built-in garage
private driveway
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 763-4110
Added: Oct 12
Last Checked: Oct 12 at 6:06PM
MLS# 505090
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 1,540-square-foot brick duplex, built in 1940, contains two residences. The upper unit features a modern kitchen with a granite counter, custom island, and Samsung stainless steel appliances. Three ductless climate-control units, LED lighting, oak hardwood floors, and a renovated bathroom serve the upper home. A terrace connects one bedroom to the backyard. The first-floor apartment is configured as a spacious one-bedroom rental.
The 0.0505-acre property includes a built-in garage and private driveway. Energy-efficient windows and a replacement roof installed in 2017 are among its building updates.
The 0.0505-acre property includes a built-in garage and private driveway. Energy-efficient windows and a replacement roof installed in 2017 are among its building updates.
Key Highlights
- Two‑family brick property with 1,540 square feet of building area
- Upper residence and first‑floor one‑bedroom rental apartment
- 0.0505‑acre lot with a built‑in garage and private driveway
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.
How Realmo checks its estimates
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned property pairs a full upper residence with a first-floor one-bedroom rental.
Where is this duplex located?
The property is located at 1349 E 54th Street 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‑family brick property with 1,540 square feet of building area; Upper residence and first‑floor one‑bedroom rental apartment; 0.0505‑acre lot with a built‑in garage and private driveway
