Duplex with Detached
For Sale
$925,000
324 E 52nd Street, Brooklyn, NY 11203
MULTI_FAMILY - Brooklyn, NY
Property Size2,248 SF
Lot Size0.05 Acres
Price / SF$411.48
Days on Market108
Property Features for 324 E 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Subdivision
East Flatbush
Standard status
Active
Size
2,248 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6600
Amenities
private yard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 763-4110
Added: Apr 28
Changed: Aug 3
Last Checked: Aug 13 at 8:06AM
MLS# 500952
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.
Duplex with a brick exterior, hardwood flooring, and two separate living areas. The landlord’s unit offers three large bedrooms plus a fourth bedroom/office on the first floor. The separate front entrance leads to a studio with kitchen area and bathroom. Interior finishes include updated mechanicals with a Weil McLain gas boiler, and a main bathroom updated about four years ago. The roof is approximately six years young. The home also includes a private yard, with detached garage parking and a shared driveway.
Zoned R5 and situated on a 0.0459-acre lot, the property has a total size of 2,248 square feet and was built in 1920. The home includes refrigeration and stove appliances and has multiple bedrooms and bathrooms throughout, with a total room count listed as Bedroom 1 through Bedroom 4 and Bathroom 1 through Bathroom 3.
Additional site details include landscaping elements in the backyard area, including vineyard concord grapes and flowers, plus a detached garage and shared driveway access.
Zoned R5 and situated on a 0.0459-acre lot, the property has a total size of 2,248 square feet and was built in 1920. The home includes refrigeration and stove appliances and has multiple bedrooms and bathrooms throughout, with a total room count listed as Bedroom 1 through Bedroom 4 and Bathroom 1 through Bathroom 3.
Additional site details include landscaping elements in the backyard area, including vineyard concord grapes and flowers, plus a detached garage and shared driveway access.
Key Highlights
- R5 zoning on a 0.0459‑acre lot
- 2,248 SF duplex built in 1920
- Updated mechanicals with Weil McLain gas boiler
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
$78,729
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
8.51%
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%
$1,574,580
$1.6M
Cap Rate 7%
$1,124,700
$1.1M
Cap Rate 9%
$874,767
$874.8K
Market Conditions
NOI Build-Up for 2,248 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
$114.6K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.5K $50.03/SF
− OpEx
−$33.7K −$15.01/SF
NOI
$78.7K $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%
$1,574,580
Cap Rate 7%
$1,124,700
Cap Rate 9%
$874,767
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$984.1K – $1.31M
NOI $78,729 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$980.4K
$857.9K – $1.14M
NOI $68,629 @ 7.0% cap · market cap 7.42%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,294 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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 - Brick duplex on a R5-zoned lot with hardwood floors, updated bath, and a detached garage plus private yard.
Where is this duplex located?
The property is located at 324 E 52nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: R5 zoning on a 0.0459‑acre lot; 2,248 SF duplex built in 1920; Updated mechanicals with Weil McLain gas boiler
