Two-Unit Duplex with Detached
New
For Sale
$739,000
1648 E 53rd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,411 SF
Lot Size0.06 Acres
Price / SF$523.74
Days on Market1
Property Features for 1648 E 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Garage - Detached
Interior features
A/C Unit, Dryer, Laundry Area, Refrigerator, Stove, Washer, Window Treatments
Basement
Full, Unfinished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,411 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6898
Building Details
Year built
1920
Number of units
2
Flooring type
Carpet, Linoleum, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Tracey Real Estate
Listed By:
Paul Link
(718) 376-4994
Added: Oct 27
Last Checked: Oct 27 at 7:06PM
MLS# 505668
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.
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Investment Insights
Based on property information with market context.
This detached, wood-frame duplex offers two apartments totaling 1,411 square feet. The upper residence has one bedroom, a living room, an eat-in kitchen, and a full bathroom; the first-floor unit has two bedrooms with the same core layout. The property is scheduled for vacant delivery. An unfinished basement has its own entrance, and a detached one-car garage, rear yard, and shared driveway add to the site’s features. A new boiler and laundry area are also included, along with a washer, dryer, refrigerator, and stove.
Built in 1920, the property occupies a 0.0574-acre lot and is zoned R3-2. Interior flooring includes carpet, linoleum, and hardwood.
Built in 1920, the property occupies a 0.0574-acre lot and is zoned R3-2. Interior flooring includes carpet, linoleum, and hardwood.
Key Highlights
- Two apartments: one with 1 bedroom and one with 2 bedrooms
- 1,411 square feet of building area on a 0.0574‑acre lot
- Detached 1‑car garage, rear yard, and shared driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,416
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,320
$988.3K
Cap Rate 7%
$705,943
$705.9K
Cap Rate 9%
$549,067
$549.1K
Market Conditions
NOI Build-Up for 1,411 SF
Gross rent
$72.0K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$70.6K $50.03/SF
− OpEx
−$21.2K −$15.01/SF
NOI
$49.4K $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%
$988,320
Cap Rate 7%
$705,943
Cap Rate 9%
$549,067
Alternative Uses
Best Use
Multifamily LT 5
$705.9K
$617.7K – $823.6K
NOI $49,416 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$615.4K
$538.5K – $717.9K
NOI $43,076 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,782 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,586
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant delivery includes one- and two-bedroom apartments, each with a living room, eat-in kitchen, and full bathroom.
Where is this duplex located?
The property is located at 1648 E 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Two apartments: one with 1 bedroom and one with 2 bedrooms; 1,411 square feet of building area on a 0.0574‑acre lot; Detached 1‑car garage, rear yard, and shared driveway
