Duplex With Finished
For Sale
$1,368,888
1852 W 5th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,400 SF
Lot Size0.06 Acres
Price / SF$570.37
Days on Market57
Property Features for 1852 W 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Interior features
A/C Unit - Window
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
2,400 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9017
Amenities
backyard
finished basement
summer kitchen
laundry area
Building Details
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Flat, Shingle
Buildings
1
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Mengying (Ivy) Chen · License #10401302254
(718) 612-3088
Added: Sep 11
Changed: Oct 29
Last Checked: Nov 6 at 7:06AM
MLS# 504373
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 two-family Brooklyn property includes a 2,400-square-foot building on a 0.0551-acre lot measuring 24 feet by 100 feet. The 20-foot-by-60-foot structure has hardwood flooring, wood-frame construction, gas heat throughout, and window A/C units. Additional space includes a finished basement with a summer kitchen, 3/4 bathroom, laundry area, and access from both the front and rear. A backyard and shared driveway are also included, and the property can be delivered vacant.
The property is located at 1852 W. 5th Street in Brooklyn, near shopping, schools, restaurants, the N and F trains, and B3 and B82 bus service. The layout includes six bedrooms identified in the room schedule and three bathrooms, with the finished basement providing additional functional space.
The property is located at 1852 W. 5th Street in Brooklyn, near shopping, schools, restaurants, the N and F trains, and B3 and B82 bus service. The layout includes six bedrooms identified in the room schedule and three bathrooms, with the finished basement providing additional functional space.
Key Highlights
- 2,400‑square‑foot two‑family property on a 0.0551‑acre lot
- 20‑foot‑by‑60‑foot building on a 24‑foot‑by‑100‑foot lot
- Finished basement with summer kitchen, 3/4 bathroom, laundry area, and front and rear access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 10.16%
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
3,495
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - Two-family property with a backyard, shared driveway, and transit access near shopping, schools, and restaurants.
Where is this duplex located?
The property is located at 1852 W 5th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,368,888.
What are key features of this property?
This property features: 2,400‑square‑foot two‑family property on a 0.0551‑acre lot; 20‑foot‑by‑60‑foot building on a 24‑foot‑by‑100‑foot lot; Finished basement with summer kitchen, 3/4 bathroom, laundry area, and front and rear access
