Two-Family Brick
New
For Sale
$1,299,000
1510 83rd St, Brooklyn, NY 11228
A finished lower level has its own entrance, with detached garage parking for up to three vehicles.
Property Size1,800 SF
Days on Market4
Property Features for 1510 83rd St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,319
Amenities
finished basement with separate entrance
detached garage
Building Details
Building Size
1,800 SF
Year Built
1945
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Yuyi Cheng
(917) 708-9966
Source:
Elliman
Added: Oct 19
Last Checked: Oct 20 at 9:05PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This 1945 brick residence is configured for two households. The first floor contains three bedrooms; the upper floor has two bedrooms and a living room. A finished basement with a separate entrance adds usable interior space, and a detached garage accompanies parking for up to three cars.
The property is in Bensonhurst, Brooklyn, near public transportation, supermarkets, banks, restaurants, and daily shopping. Its two-floor arrangement and separate basement access define the principal features of the home.
The property is in Bensonhurst, Brooklyn, near public transportation, supermarkets, banks, restaurants, and daily shopping. Its two-floor arrangement and separate basement access define the principal features of the home.
Key Highlights
- Legal two‑family brick home built in 1945
- First floor includes 3 bedrooms; second floor has 2 bedrooms and a living room
- Finished basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,039
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,780
$1.3M
Cap Rate 7%
$900,557
$900.6K
Cap Rate 9%
$700,433
$700.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$91.8K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$90.1K $50.03/SF
− OpEx
−$27.0K −$15.01/SF
NOI
$63.0K $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%
$1,260,780
Cap Rate 7%
$900,557
Cap Rate 9%
$700,433
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - A finished lower level has its own entrance, with detached garage parking for up to three vehicles.
Where is this duplex located?
The property is located at 1510 83rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Legal two‑family brick home built in 1945; First floor includes 3 bedrooms; second floor has 2 bedrooms and a living room; Finished basement with separate entrance
