Brick Duplex with Attached
For Sale
$600,800
1796 E 53rd Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,627 SF
Lot Size0.05 Acres
Price / SF$369.27
Days on Market8
Property Features for 1796 E 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
Garage - Attached
Patio and Porch features
Porch
Interior features
Porch, Refrigerator, Stove
Subdivision
Old Mill Basin
Standard status
Active
Size
1,627 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5987
Building Details
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Peerless Properties Corp.
Listed By:
Richard Dinerman · License #35DIO767533
(718) 368-3305
Added: Sep 16
Last Checked: Sep 23 at 2:06AM
MLS# 504611
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.
This Brooklyn duplex is a 1,627-square-foot, two-family brick home on a 0.0459-acre lot. The layout includes 3 bedrooms and 2 bathrooms, with hardwood and carpet flooring, a porch, refrigerator, stove, asphalt roof, and attached garage. The property is currently occupied and will be sold as-is without vacant delivery. Utilities that are presently off will remain off, and the seller will not complete repairs.
Located at 1796 E 53rd Street in Brooklyn’s Old Mill Basin section, the property is near schools, shopping, and transportation. It carries R5 zoning. Due to the occupancy, the sale is limited to cash, rehab, or hard-money financing. Buyers should conduct their own review of applicable property conditions and municipal records.
Located at 1796 E 53rd Street in Brooklyn’s Old Mill Basin section, the property is near schools, shopping, and transportation. It carries R5 zoning. Due to the occupancy, the sale is limited to cash, rehab, or hard-money financing. Buyers should conduct their own review of applicable property conditions and municipal records.
Key Highlights
- 1,627‑square‑foot duplex on a 0.0459‑acre lot
- Two‑family brick home with 3 bedrooms and 2 bathrooms
- Attached garage and front porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$993,420
$993.4K
Cap Rate 7%
$709,586
$709.6K
Cap Rate 9%
$551,900
$551.9K
Market Conditions
NOI Build-Up for 1,627 SF
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.
Gross rent
$92.2K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$90.3K $55.51/SF
− OpEx
−$40.6K −$24.98/SF
NOI
$49.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$993,420
Cap Rate 7%
$709,586
Cap Rate 9%
$551,900
Alternative Uses
Best Use
Multifamily LT 5
$814.0K
$712.3K – $949.7K
NOI $56,980 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,301 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,447
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
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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 - Occupied two-family property with a porch, brick construction, and attached garage in Brooklyn.
Where is this duplex located?
The property is located at 1796 E 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $600,800.
What are key features of this property?
This property features: 1,627‑square‑foot duplex on a 0.0459‑acre lot; Two‑family brick home with 3 bedrooms and 2 bathrooms; Attached garage and front porch
