Two-Family Property with Finished
For Sale
$1,368,888
1852 W 5th St, Brooklyn, NY 11223
Finished lower level includes a summer kitchen, 3/4-bathroom, laundry area, and front and rear access.
Property Size2,400 SF
Lot Size0.06 Acres
Days on Market25
Property Features for 1852 W 5th St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,017
Building Details
Building Size
2,400 SF
Buildings
1
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Mengying (Ivy) Chen · License #10401302254
(718) 612-3088
Source:
Elliman
Added: Sep 12
Changed: Sep 25
Last Checked: Oct 5 at 5:47PM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This two-family property includes a 20' x 60' building on a 24' x 100' lot, with a backyard and shared driveway. The layout includes 6-7 bedrooms, gas heat throughout all levels, and a finished basement with a summer kitchen, 3/4-bathroom, laundry area, and direct front and rear access. The property can be delivered vacant.
Located at 1852 W. 5th Street in Brooklyn, the property is near shopping, schools, restaurants, N and F trains, and the B3 and B82 bus lines. WalkScore is 96, BikeScore is 67, and TransitScore is 86.
Located at 1852 W. 5th Street in Brooklyn, the property is near shopping, schools, restaurants, N and F trains, and the B3 and B82 bus lines. WalkScore is 96, BikeScore is 67, and TransitScore is 86.
Key Highlights
- Two‑family property with 6‑7 bedrooms
- 20' x 60' building on a 24' x 100' lot
- Finished basement with summer kitchen, 3/4‑bathroom, and laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Finished lower level includes a summer kitchen, 3/4-bathroom, laundry area, and front and rear access.
Where is this duplex located?
The property is located at 1852 W 5th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,368,888.
What are key features of this property?
This property features: Two‑family property with 6‑7 bedrooms; 20' x 60' building on a 24' x 100' lot; Finished basement with summer kitchen, 3/4‑bathroom, and laundry area
