Detached Duplex with Private
For Sale
$725,000
1531 E 54th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,302 SF
Lot Size0.05 Acres
Price / SF$556.84
Days on Market179
Property Features for 1531 E 54th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Carport
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Old Mill Basin
Standard status
Active
Size
1,302 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6412
Building Details
Year built
1920
Floors in Building
2
Flooring type
Parquet Wood, Laminate
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Pride Estates
Listed By:
Alice Lee
(718) 569-2888
Added: Mar 16
Changed: Sep 9
Last Checked: Sep 10 at 12:06PM
MLS# 499642
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 fully detached duplex provides 1,302 square feet on a 20-by-100-foot lot. The residence includes three bedrooms, three bathrooms, a living room, formal dining area, eat-in kitchen, and finished basement space with two additional rooms plus a laundry and utility area. Kitchen equipment includes a refrigerator and stove, while granite countertops and stainless steel appliances are also identified. Parquet wood and laminate flooring are installed throughout portions of the home.
A private carport serves the property, which was built in 1920 and has wood-frame construction. Brand-new Pella windows have been installed throughout. The property is zoned R3-2 and is located near Avenue N shopping, dining, and transportation options, including the B41 and Flatbush Avenue bus lines.
A private carport serves the property, which was built in 1920 and has wood-frame construction. Brand-new Pella windows have been installed throughout. The property is zoned R3-2 and is located near Avenue N shopping, dining, and transportation options, including the B41 and Flatbush Avenue bus lines.
Key Highlights
- 1,302‑square‑foot detached duplex on a 20' x 100' lot
- Three bedrooms and three bathrooms
- Finished basement with two bonus rooms and laundry/utility area
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
$45,598
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
6.29%
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%
$911,960
$912.0K
Cap Rate 7%
$651,400
$651.4K
Cap Rate 9%
$506,644
$506.6K
Market Conditions
NOI Build-Up for 1,302 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
$66.4K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$65.1K $50.03/SF
− OpEx
−$19.5K −$15.01/SF
NOI
$45.6K $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%
$911,960
Cap Rate 7%
$651,400
Cap Rate 9%
$506,644
Alternative Uses
Best Use
Multifamily LT 5
$651.4K
$570.0K – $760.0K
NOI $45,598 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$1.08M
$943.3K – $1.26M
NOI $75,464 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,319
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
Check the figures for this property
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 - R3-2-zoned duplex with finished lower-level rooms, updated windows, and a private carport.
Where is this duplex located?
The property is located at 1531 E 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,302‑square‑foot detached duplex on a 20' x 100' lot; Three bedrooms and three bathrooms; Finished basement with two bonus rooms and laundry/utility area
