Building Details

Year built 1945

Floors in Building 2

Flooring type Hardwood, Tile

Building materials Brick

Roof type Flat

Listing Agency: Tiger Realty Show Phone

Listed By: Yuyi Cheng Show Phone

Added: Oct 16 Changed: Oct 17 Last Checked: Oct 17 at 1:06PM

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MLS# 505399

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.

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Investment Insights

Based on property information with market context.

This brick duplex contains 1,800 square feet on a 0.0459-acre lot and was built in 1945. The first floor has three bedrooms; the upper floor includes two bedrooms and a living room. A finished basement has its own entrance. Tile and hardwood flooring are among the interior finishes, and the kitchen includes a refrigerator and stove. The property is zoned R4.

Transportation, supermarkets, banks, restaurants and everyday shopping are identified in the surrounding area.

Key Highlights

• Legal two‑family brick residence
• 1,800 square feet on a 0.0459‑acre lot
• First floor has three bedrooms; second floor has two bedrooms and a living room

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

Is this asking price fair?

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 (±1% cap)

NOI $63,039 @ 7.0% cap · market cap 4.85%

Second Best

Apartment 5plus

$785.0K

$686.9K – $915.9K (±1% cap)

NOI $54,952 @ 7.0% cap · market cap 4.23%

Theoretical Best

Specialty Retail

$1.49M

$1.30M – $1.74M (±1% cap)

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

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Bar & Pub Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - A legal two-family residence offers separate living areas and a basement entrance.

Where is this duplex located?

The property is located at 1510 83rd Street 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 residence; 1,800 square feet on a 0.0459‑acre lot; First floor has three bedrooms; second floor has two bedrooms and a living room