Updated Multi-Family
1858 W 5th Street Brooklyn, NY 11223
1858 W 5th Street, Brooklyn, NY, 11223
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For Sale
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Updated Brooklyn multi-family with a 2-bedroom main unit, a 3-bedroom upper level, and a finished lower level.
Property Size2,400 SF
Price / SF$645.83
Days on Market119
Property Features for 1858 W 5th Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Elite
(646) 322-8011
Listed by
Michael Maniscalco · License #NY
Source
Crexi
Added: Mar 26 Updated: Jul 22 at 12:47AM Checked: Jul 22 at 12:47AM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This tastefully updated multi-family residence includes a 2-bedroom unit on the main level featuring hardwood floors and a renovated bath with an oversized walk-in shower. The upper level is currently arranged as a 3-bedroom unit with a walk-in closet, with the option to restore it to a 4-bedroom layout. The lower level is finished and adds functional living space, including a summer kitchen, living area, 3/4 bath, laundry area, and an additional room with direct yard access.
Exterior improvements over the years include siding, windows, and brickwork, along with interior updates completed in 2017 and a new hot water heater installed in 2022. The property also offers a fenced yard, a new Trex deck, a front porch, and a shared driveway.
Configured for flexible living, the home combines updated finishes with additional finished space across multiple levels, supporting a range of owner-occupant and income-focused use cases.
Exterior improvements over the years include siding, windows, and brickwork, along with interior updates completed in 2017 and a new hot water heater installed in 2022. The property also offers a fenced yard, a new Trex deck, a front porch, and a shared driveway.
Configured for flexible living, the home combines updated finishes with additional finished space across multiple levels, supporting a range of owner-occupant and income-focused use cases.
Key Highlights
- Updated Brooklyn multi‑family with 2‑bedroom unit on the main level and a 3‑bedroom upper level
- Lower level is finished and includes a summer kitchen, living area, 3/4 bath, laundry area, and an additional room with direct yard access
- Renovated main‑level bath features an oversized walk‑in shower and hardwood floors
Local 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 | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated Brooklyn multi-family with a 2-bedroom main unit, a 3-bedroom upper level, and a finished lower level.
Where is this duplex located?
The property is located at 1858 W 5th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Updated Brooklyn multi‑family with 2‑bedroom unit on the main level and a 3‑bedroom upper level; Lower level is finished and includes a summer kitchen, living area, 3/4 bath, laundry area, and an additional room with direct yard access; Renovated main‑level bath features an oversized walk‑in shower and hardwood floors
