Detached Two-Family
For Sale
$1,149,000
1593 E 53rd St, Brooklyn, NY 11234
Detached two-family residence with private driveway, finished basement, and separate entrance.
Property Size2,322 SF
Days on Market11
Property Features for 1593 E 53rd St
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
gated
private driveway
front yard
back yard
finished basement
separate entrance
Building Details
Building Size
2,322 SF
Year Built
1955
Listing Agency:
Citi Star Realty
(718) 332-6669
Listed By:
Mohamed Mahmoud
(718) 332-6669
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 3 at 7:10AM
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 Citi Star Realty
Investment Insights
Based on property information with market context.
Detached two-family home with private driveway and gated grounds, offering two full units plus a full finished basement with a separate entrance. The top floor includes three bedrooms, one full bathroom, a large living room, a large eat-in kitchen, and a formal dining room. The first floor mirrors this layout with three bedrooms, one full bathroom, a large living room, a large eat-in kitchen, and a formal dining room. Kitchen and bathroom tile flooring is featured throughout the units, while the remainder of the home has parquet flooring with new runners; the basement has brand new carpeting.
The property is located in Flatlands, Brooklyn, minutes from Utica Avenue and close to Flatbush Avenue. Ralph Avenue is a short distance away, with bus service including B41 on Avenue N, B46 on Utica Avenue, and B47 on Ralph Avenue, along with nearby dining, places of worship, and schools.
Georgetown Shopping Center and other neighborhood services are also nearby.
The property is located in Flatlands, Brooklyn, minutes from Utica Avenue and close to Flatbush Avenue. Ralph Avenue is a short distance away, with bus service including B41 on Avenue N, B46 on Utica Avenue, and B47 on Ralph Avenue, along with nearby dining, places of worship, and schools.
Georgetown Shopping Center and other neighborhood services are also nearby.
Key Highlights
- Detached two‑family home with a private driveway and separate entrance to a full, finished basement
- 2‑family layout with 3 bedrooms on the top floor and 3 bedrooms on the first floor (3 over 3)
- Full finished basement with brand new carpeting
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 | $118.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $116.2k | $50.03 |
| − OpEx | −$34.9k | −$15.01 |
| NOI | $81.3k | $35.02 |
2,322 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,320 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$1.01M
$886.1K – $1.18M
NOI $70,888 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,583 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,497
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
Market
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family residence with private driveway, finished basement, and separate entrance.
Where is this duplex located?
The property is located at 1593 E 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Detached two‑family home with a private driveway and separate entrance to a full, finished basement; 2‑family layout with 3 bedrooms on the top floor and 3 bedrooms on the first floor (3 over 3); Full finished basement with brand new carpeting
