Renovated Duplex with Private Rear
For Sale
$1,070,000
2008 E 52nd Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size2,108 SF
Lot Size0.04 Acres
Price / SF$507.59
Days on Market285
Property Features for 2008 E 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Patio and Porch features
Deck
Interior features
A/C Unit, Deck, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
2,108 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7983
Amenities
front porch
rear porch
Tesla charging station
Building Details
Year built
1965
Number of units
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Muhammad Noman
(718) 252-6060
Added: Oct 30, 2025
Changed: Aug 3
Last Checked: Aug 10 at 9:06AM
MLS# 497006
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 renovated duplex features brick construction, a flat roof, and a layout spanning multiple levels. The lower level includes hookups for an additional kitchenette and bathroom, along with an in-unit kitchen and brand-new flooring under newly carpeted flooring. The first-floor rental unit is a two-bedroom apartment, and the current lease runs through June 2026. The upper duplex occupies the second and third floors and offers an open-concept kitchen, three bedrooms, an office nook, and an additional room suited for a walk-in closet. Interior comforts and appliances include A/C, washer and dryer, refrigerator, microwave, and stove, with hardwood, tile, and carpet flooring.
Built in 1965 and set on a 0.0409-acre lot, the home has been completely gutted and rebuilt with modern updates including a brand-new boiler and a newly updated electrical system with an updated panel. Outdoor space includes a front porch and a rear deck. Private rear parking is available and includes a Tesla charging station.
The property is located in Brooklyn, NY 11234 and is zoned R5.
Built in 1965 and set on a 0.0409-acre lot, the home has been completely gutted and rebuilt with modern updates including a brand-new boiler and a newly updated electrical system with an updated panel. Outdoor space includes a front porch and a rear deck. Private rear parking is available and includes a Tesla charging station.
The property is located in Brooklyn, NY 11234 and is zoned R5.
Key Highlights
- Renovated duplex with brick construction and flat roof
- Two‑bedroom first‑floor rental; lease through June 2026
- Lower level includes hookups for an additional kitchenette and bathroom
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
$73,826
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
6.90%
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%
$1,476,520
$1.5M
Cap Rate 7%
$1,054,657
$1.1M
Cap Rate 9%
$820,289
$820.3K
Market Conditions
NOI Build-Up for 2,108 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
$107.5K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$105.5K $50.03/SF
− OpEx
−$31.6K −$15.01/SF
NOI
$73.8K $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%
$1,476,520
Cap Rate 7%
$1,054,657
Cap Rate 9%
$820,289
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$922.8K – $1.23M
NOI $73,826 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$919.4K
$804.4K – $1.07M
NOI $64,355 @ 7.0% cap · market cap 6.01%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,180 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,945
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex on a 0.0409-acre lot in R5 zoning with private rear parking and flat roof.
Where is this duplex located?
The property is located at 2008 E 52nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Renovated duplex with brick construction and flat roof; Two‑bedroom first‑floor rental; lease through June 2026; Lower level includes hookups for an additional kitchenette and bathroom
