Two-Family Townhouse with Private
1954 Bergen Street Brooklyn, NY 11233
1954 Bergen Street, Brooklyn, NY, 11233
$1,350,000
For Sale
$1,350,000
Built in 2003, the property offers two rental units, hardwood floors, and a private driveway with garage.
Property Size2,700 SF
Price / SF$500
Days on Market12
Property Features for 1954 Bergen Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2003
Listing agency
HomeSmart Premier Living Rlty
(929) 487-4001
Listed by
Stanley Hayden
(929) 487-4001
Source
Compass
Added: Jul 11 Updated: Jul 21 at 9:14AM Checked: Jul 21 at 9:14AM
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 HomeSmart Premier Living Rlty
Investment Insights
Based on property information with market context.
Built in 2003, this two-family townhouse features a modern interior with hardwood flooring throughout and approximately 2,700 sq. ft. of living space. The owner’s unit is described as a spacious three-bedroom, two-bath layout with an open-concept design, a kitchen with granite countertops, custom cabinetry, and stainless steel, energy-efficient appliances. The unit also includes a dedicated laundry room and direct access to a private outdoor deck. The second unit is a two-bedroom, one-bath garden rental with hardwood floors and direct access to a private rear patio.
Outside, the property includes professionally landscaped rear outdoor space and storage sheds. Parking is a standout feature with a private driveway and garage.
The home is located at 1954 Bergen Street in Brooklyn, on the border of Crown Heights and Weeksville, with easy access to the A, C, J, and Z subway lines.
Outside, the property includes professionally landscaped rear outdoor space and storage sheds. Parking is a standout feature with a private driveway and garage.
The home is located at 1954 Bergen Street in Brooklyn, on the border of Crown Heights and Weeksville, with easy access to the A, C, J, and Z subway lines.
Key Highlights
- Built in 2003 with approximately 2,700 sq. ft. total living space in a two‑family townhouse layout.
- Owner unit features 3 bedrooms and 2 full bathrooms with an open floorplan and high ceilings.
- Chef’s kitchen with granite/quartzite counters, kitchen island, pantry, and stainless steel energy‑efficient appliances.
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 | $137.7k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $135.1k | $50.03 |
| − OpEx | −$40.5k | −$15.01 |
| NOI | $94.6k | $35.02 |
2,700 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 11.59%
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 - Built in 2003, the property offers two rental units, hardwood floors, and a private driveway with garage.
Where is this duplex located?
The property is located at 1954 Bergen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 2003 with approximately 2,700 sq. ft. total living space in a two‑family townhouse layout.; Owner unit features 3 bedrooms and 2 full bathrooms with an open floorplan and high ceilings.; Chef’s kitchen with granite/quartzite counters, kitchen island, pantry, and stainless steel energy‑efficient appliances.
