Detached Two-Family
1550 East 54th Street Brooklyn, NY 11234
For Sale
$1,199,000
Detached two-family residence with two 3-bedroom units, double-garage parking, and a basement with a separate side entrance.
Property Size2,520 SF
Lot Size0.09 Acres
Price / SF$475.79
Days on Market20
Property Features for 1550 East 54th Street
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Lot size
- 0.09 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing Agency:
Mottola Real Estate LLC
(347) 245-1850
Listed By:
Anthony Mottola
(347) 245-1850
Source:
Compass
Added: Jul 8
Changed: Jul 22
Last Checked: Jul 26 at 1:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mottola Real Estate LLC
Investment Insights
Based on property information with market context.
This fully detached two-family home features two separate apartments, each with three bedrooms and a spacious layout that includes a living room, dining room, and kitchen. The property includes a full, partially finished basement with high ceilings and a separate side entrance, providing additional usable space. A driveway, backyard, and double-garage parking are included, with room for up to three cars.
The home is located on a tree-lined street in Brooklyn, positioned on the border of Mill Basin and Flatlands. With a large lot and outdoor parking options, it offers practical room for day-to-day use.
The building measures approximately 21 by 60 feet, and the lot is approximately 40 by 100 feet. While the home needs updating, it has been nicely maintained and is ready for a new owner.
The home is located on a tree-lined street in Brooklyn, positioned on the border of Mill Basin and Flatlands. With a large lot and outdoor parking options, it offers practical room for day-to-day use.
The building measures approximately 21 by 60 feet, and the lot is approximately 40 by 100 feet. While the home needs updating, it has been nicely maintained and is ready for a new owner.
Key Highlights
- Detached two‑family home with two 3‑bedroom units, each with a living room, dining room, and kitchen
- 6 total bedrooms across both apartments
- Full, partially finished walk‑out basement with a separate side entrance
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $126.1k | $50.03 |
| − OpEx | −$37.8k | −$15.01 |
| NOI | $88.3k | $35.02 |
2,520 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,255 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$1.10M
$961.7K – $1.28M
NOI $76,933 @ 7.0% cap · market cap 6.42%
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.43M
NOI $146,059 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Detached two-family residence with two 3-bedroom units, double-garage parking, and a basement with a separate side entrance.
Where is this duplex located?
The property is located at 1550 East 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Detached two‑family home with two 3‑bedroom units, each with a living room, dining room, and kitchen; 6 total bedrooms across both apartments; Full, partially finished walk‑out basement with a separate side entrance
