Two-Story Duplex with Finished
For Sale
$698,000
1799 52nd Street, Brooklyn, NY 11234
Flexible residential layout with an office-ready room, two bathrooms, and shared driveway access.
Property Size1,476 SF
Price / SF$472.90
Days on Market629
Property Features for 1799 52nd Street
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Single Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,330
Building Details
Year Built
1930
Stories
2
Listing Agency:
Momentum Real Estate LLC
Listed By:
Xiaowei (Vivian) Zou
(718) 382-0001
Source:
Exitrealty
Added: Dec 19, 2024
Changed: Sep 2
Last Checked: Sep 8 at 4:53AM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This two-story duplex provides a practical residential layout with a kitchen, dining area, living room, and an office room on the main level. The office can also serve as an additional bedroom. The upper floor contains two bedrooms and a full bathroom, while the finished basement adds a second bathroom and additional usable space.
The property includes a shared driveway and is positioned near Kings Plaza Mall, local shopping, and public transportation. Built in 1930, the home contains 1,476 square feet and combines multiple living areas with a finished lower level.
The property includes a shared driveway and is positioned near Kings Plaza Mall, local shopping, and public transportation. Built in 1930, the home contains 1,476 square feet and combines multiple living areas with a finished lower level.
Key Highlights
- 1,476‑square‑foot duplex built in 1930
- Two‑story layout with kitchen, dining area, living room, and office room
- Office room can function as an additional bedroom
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
$51,692
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
7.41%
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%
$1,033,840
$1.0M
Cap Rate 7%
$738,457
$738.5K
Cap Rate 9%
$574,356
$574.4K
Market Conditions
NOI Build-Up for 1,476 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
$75.3K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$73.8K $50.03/SF
− OpEx
−$22.2K −$15.01/SF
NOI
$51.7K $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 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%
$1,033,840
Cap Rate 7%
$738,457
Cap Rate 9%
$574,356
Alternative Uses
Best Use
Multifamily LT 5
$738.5K
$646.2K – $861.5K
NOI $51,692 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,061 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,549 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,169
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
Check the figures for this property
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 - Flexible residential layout with an office-ready room, two bathrooms, and shared driveway access.
Where is this duplex located?
The property is located at 1799 52nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: 1,476‑square‑foot duplex built in 1930; Two‑story layout with kitchen, dining area, living room, and office room; Office room can function as an additional bedroom
