Brick Two-Family
2048 E 54th Street, Brooklyn, NY 11234
For Sale
$1,199,000
Residential, Brooklyn, NY
Property Size2,250 SF
Lot Size0.06 Acres
Price / SF$532.89
Days on Market107
Property Features for 2048 E 54th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Tiger Realty
Listed By:
Siu Wai (Cherie)Wong
(917) 708-9966
Added: Jul 27
Changed: Oct 30
Last Checked: Nov 10 at 1:06AM
MLS# 503322
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 2,250-square-foot brick two-family property, built in 1960, includes a second-floor duplex with three bedrooms and 1.5 bathrooms and a first-floor apartment with two bedrooms and one bathroom. The finished basement adds usable interior space, while hardwood and tile flooring, a flat roof, a refrigerator, and a stove are included among the existing features.
The property occupies 0.0574 acres at 2048 E 54th Street in Brooklyn’s Old Mill Basin / Bergen Beach area. A shared driveway and rear parking serve the building, which is located in the R5 zoning district.
The property occupies 0.0574 acres at 2048 E 54th Street in Brooklyn’s Old Mill Basin / Bergen Beach area. A shared driveway and rear parking serve the building, which is located in the R5 zoning district.
Key Highlights
- 2,250‑square‑foot two‑family property with a second‑floor duplex and first‑floor apartment
- Second‑floor duplex includes 3 bedrooms and 1.5 bathrooms
- First‑floor unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,799
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,575,980
$1.6M
Cap Rate 7%
$1,125,700
$1.1M
Cap Rate 9%
$875,544
$875.5K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$114.8K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.6K $50.03/SF
− OpEx
−$33.8K −$15.01/SF
NOI
$78.8K $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 Rate 5%
$1,575,980
Cap Rate 7%
$1,125,700
Cap Rate 9%
$875,544
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,799 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$981.3K
$858.6K – $1.14M
NOI $68,690 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 10.88%
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
2,008
Businesses Nearby
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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
$746,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R5-zoned residential property with separate living arrangements, a finished basement, shared driveway, and rear parking.
Where is this duplex located?
The property is located at 2048 E 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,250‑square‑foot two‑family property with a second‑floor duplex and first‑floor apartment; Second‑floor duplex includes 3 bedrooms and 1.5 bathrooms; First‑floor unit offers 2 bedrooms and 1 bathroom
