Renovated Duplex with Finished
New
For Sale
$788,000
1515 E 52nd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,002 SF
Lot Size0.04 Acres
Price / SF$786.43
Days on Market4
Property Features for 1515 E 52nd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Rooms
Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Laundry Area, Stove
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,002 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4998
Building Details
Year built
1925
Flooring type
Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Ben Bay Rlty of Marine Pk LLC
(718) 504-6442
Listed By:
Michael Fraulo
(718) 680-6442
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 7:06PM
MLS# 504674
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 1,002-square-foot duplex on a 0.0413-acre lot was built in 1925 and includes three bedrooms, three bathrooms, a modernized kitchen, hardwood flooring, laundry area, and stove. The finished basement adds usable interior space, while split-unit A/C is installed in every room. Renovations also include new plumbing, vinyl siding, roof, windows, front porch, steps, and entry door.
Located in Brooklyn’s Old Mill Basin, the property is zoned R3-2 and carries a flat roof configuration. The updated systems and finishes provide a substantially modernized residential property while retaining its original construction date.
Located in Brooklyn’s Old Mill Basin, the property is zoned R3-2 and carries a flat roof configuration. The updated systems and finishes provide a substantially modernized residential property while retaining its original construction date.
Key Highlights
- 1,002 SF duplex on a 0.0413‑acre lot
- Three bedrooms and three bathrooms
- Finished basement with additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,840
$701.8K
Cap Rate 7%
$501,314
$501.3K
Cap Rate 9%
$389,911
$389.9K
Market Conditions
NOI Build-Up for 1,002 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.1K $51.00/SF
− Vacancy
−$971 −$0.97/SF
EGI
$50.1K $50.03/SF
− OpEx
−$15.0K −$15.01/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,840
Cap Rate 7%
$501,314
Cap Rate 9%
$389,911
Alternative Uses
Best Use
Multifamily LT 5
$501.3K
$438.7K – $584.9K
NOI $35,092 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.8K
NOI $30,590 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$829.7K
$726.0K – $967.9K
NOI $58,076 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,517
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors include three bathrooms, a modern kitchen, and split-unit A/C throughout.
Where is this duplex located?
The property is located at 1515 E 52nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: 1,002 SF duplex on a 0.0413‑acre lot; Three bedrooms and three bathrooms; Finished basement with additional interior space
