For Sale
$599,999
2048 E 53rd Place, Brooklyn, NY 11234
The two-unit configuration accommodates separate living arrangements or rental use.
Property Size1,510 SF
Price / SF$397.35
Days on Market30
Property Features for 2048 E 53rd Place
General Information
Standard status
Active
Size
1,510 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,876
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,510 SF
Year Built
1960
Units
2
Listing Agency:
Liberty Chateau Realty Inc
Listed By:
Nicholas Ho · License #10401241281
(347) 542-3913
Source:
Adamstreetrealty
Added: Sep 27
Changed: Oct 25
Last Checked: Oct 26 at 2:10AM
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 Liberty Chateau Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,510-square-foot duplex was built in 1960 and contains two units, offering a layout that can support separate living arrangements or rental use.
The property is in Brooklyn, near major highways, shopping, schools, parks, houses of worship, and public transportation.
The property is in Brooklyn, near major highways, shopping, schools, parks, houses of worship, and public transportation.
Key Highlights
- Two‑unit duplex configuration
- 1,510 square feet
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,883
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,660
$1.1M
Cap Rate 7%
$755,471
$755.5K
Cap Rate 9%
$587,589
$587.6K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$77.0K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$75.5K $50.03/SF
− OpEx
−$22.7K −$15.01/SF
NOI
$52.9K $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%
$1,057,660
Cap Rate 7%
$755,471
Cap Rate 9%
$587,589
Alternative Uses
Best Use
Multifamily LT 5
$755.5K
$661.0K – $881.4K
NOI $52,883 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$658.6K
$576.2K – $768.3K
NOI $46,099 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,520 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,008
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit configuration accommodates separate living arrangements or rental use.
Where is this duplex located?
The property is located at 2048 E 53rd Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,510 square feet; Built in 1960
