Two-Family Brick
For Sale
$799,000
1593 E 48th Street, Brooklyn, NY 11234
The three-story residence combines an owner’s duplex with a separate garden-level rental unit.
Property Size1,440 SF
Price / SF$554.86
Days on Market34
Property Features for 1593 E 48th Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,654
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Recessed Lighting
Washer/Dryer Hookup
Building Details
Building Size
1,440 SF
Year Built
1899
Stories
3
Units
2
Construction
brick
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Halknopfrealty
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 4:01AM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
This 1899 brick townhouse in Brooklyn contains two residences across three stories. The upper portion is a three-bedroom, one-bathroom owner’s duplex, while the garden-level unit has one bedroom and one bathroom. The building measures 1,440 square feet and offers a restoration project for a buyer seeking to shape the property’s finishes and condition.
The home is near Avenue M, Utica Avenue, Avenue L, Flatlands Avenue, and Flatbush Avenue. Schools, shopping centers, restaurants, cafes, and parks are also nearby.
The home is near Avenue M, Utica Avenue, Avenue L, Flatlands Avenue, and Flatbush Avenue. Schools, shopping centers, restaurants, cafes, and parks are also nearby.
Key Highlights
- Two‑family brick townhouse built in 1899
- Three stories and 1,440 square feet
- Three‑bedroom, one‑bathroom owner’s duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,431
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,620
$1.0M
Cap Rate 7%
$720,443
$720.4K
Cap Rate 9%
$560,344
$560.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$73.4K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.0K $50.03/SF
− OpEx
−$21.6K −$15.01/SF
NOI
$50.4K $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%
$1,008,620
Cap Rate 7%
$720,443
Cap Rate 9%
$560,344
Alternative Uses
Best Use
Multifamily LT 5
$720.4K
$630.4K – $840.5K
NOI $50,431 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,962 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,462 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,777
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The three-story residence combines an owner’s duplex with a separate garden-level rental unit.
Where is this duplex located?
The property is located at 1593 E 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family brick townhouse built in 1899; Three stories and 1,440 square feet; Three‑bedroom, one‑bathroom owner’s duplex
