Renovated Duplex with Finished
For Sale
$699,999
1515 E 52nd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,002 SF
Lot Size0.04 Acres
Price / SF$698.60
Days on Market50
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 2, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
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
Amenities
split-unit A/C
finished basement
Building Details
Year built
1925
Flooring type
Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Ben Bay Rlty of Marine Pk LLC
Listed By:
Michael Fraulo
(718) 504-6442
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 6 at 5:06AM
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.
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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 / Yr
$35,092
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
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
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 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 5.01%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.8K
NOI $30,590 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$829.7K
$726.0K – $967.9K
NOI $58,076 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,517
Businesses Nearby
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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
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 $699,999.
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
