New Construction Duplex with
For Sale
$1,400,000
154 Bay 53rd Street, Brooklyn, NY 11214
Residential, Duplex, Brooklyn, NY
Property Size2,590 SF
Lot Size0.07 Acres
Price / SF$540.54
Days on Market155
Property Features for 154 Bay 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Garage
Interior features
A/C Unit - Wall, Dishwasher, Garage Door Opener(s), Laundry Area, Refrigerator, Stove
Basement
Finished
Subdivision
Coney Island
Standard status
Active
Size
2,590 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10849
Amenities
private backyard
private balconies
ductless heating and cooling
engineered wood flooring
granite countertops
tile flooring
laundry area
bay windows
Building Details
Year built
2022
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen · License #PC7262
(917) 536-3632
Added: May 12
Changed: Oct 13
Last Checked: Oct 13 at 10:06PM
MLS# 501343
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.
Completed in 2022, this 2,590-square-foot brick duplex is arranged as a two-family residence on a 0.0689-acre lot. The property includes a built-in one-car garage and elevator service from the ground level to the first floor. Two upper residences each provide three bedrooms, two full bathrooms, living and dining areas, and kitchens equipped with granite countertops and modern cabinetry. The top-floor unit also includes two private balconies.
A separate lower-level entrance opens to an expansive flexible area with tile flooring, laundry facilities, and access to the backyard. Additional features include engineered wood flooring, bay windows, ductless heating and cooling, a dishwasher, refrigerator, stove, and garage door opener. The property is located at 154 Bay 53rd Street in Brooklyn, near Six Diamonds Park, dining, shopping, banks, public transportation, major highways, and Brooklyn beaches.
A separate lower-level entrance opens to an expansive flexible area with tile flooring, laundry facilities, and access to the backyard. Additional features include engineered wood flooring, bay windows, ductless heating and cooling, a dishwasher, refrigerator, stove, and garage door opener. The property is located at 154 Bay 53rd Street in Brooklyn, near Six Diamonds Park, dining, shopping, banks, public transportation, major highways, and Brooklyn beaches.
Key Highlights
- 2,590 SF two‑family brick duplex completed in 2022
- 0.0689‑acre lot with a 20‑foot by 100‑foot lot size
- Two upper residences with 3 bedrooms and 2 full bathrooms each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,642
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,840
$1.4M
Cap Rate 7%
$1,009,171
$1.0M
Cap Rate 9%
$784,911
$784.9K
Market Conditions
NOI Build-Up for 2,590 SF
Gross rent
$105.7K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$100.9K $38.96/SF
− OpEx
−$30.3K −$11.69/SF
NOI
$70.6K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,840
Cap Rate 7%
$1,009,171
Cap Rate 9%
$784,911
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.0K – $1.18M
NOI $70,642 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$904.4K
$791.4K – $1.06M
NOI $63,311 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,762 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Two-family brick property with garage parking, private outdoor space, and flexible lower-level space.
Where is this duplex located?
The property is located at 154 Bay 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2,590 SF two‑family brick duplex completed in 2022; 0.0689‑acre lot with a 20‑foot by 100‑foot lot size; Two upper residences with 3 bedrooms and 2 full bathrooms each
