Renovated Two-Family
341 E 51ST ST Brooklyn, NY 11203
For Sale
Contact for pricing
Renovated two-family home offering two separate units in a Brooklyn rental property format.
Property Size2,100 SF
Price / SF$559.52
Days on Market58
Property Features for 341 E 51ST ST
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multifamily
Building Details
Year Built
1910
Listing Agency:
Safdie Realty Group
Listed By:
Roni Yaghoobzar · License #NY 10401324145
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 27 at 10:16AM
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 Safdie Realty Group
Investment Insights
Based on property information with market context.
This renovated two-family duplex is configured as a residential income property with two separate units. The offering is presented as a turnkey, recently renovated asset, suitable for buyers looking for an owner-occupied setup or a straightforward two-unit investment structure.
Located at 341 E 51ST ST in Brooklyn’s East Flatbush area, the property is listed for sale at $1,175,000. The total property size is identified as 2,100 square feet, providing a clear basis for evaluating unit layout, financing, and future operating considerations.
For tenant or owner needs, the two-family format can support flexible living and rental arrangements by providing an additional unit versus a single-family home. Buyers can also evaluate the renovated condition and the duplex’s unit separation when planning occupancy, property management, and budget alignment. As presented, this is a renovated two-family duplex focused on delivering a practical, residential income setup in Brooklyn.
Located at 341 E 51ST ST in Brooklyn’s East Flatbush area, the property is listed for sale at $1,175,000. The total property size is identified as 2,100 square feet, providing a clear basis for evaluating unit layout, financing, and future operating considerations.
For tenant or owner needs, the two-family format can support flexible living and rental arrangements by providing an additional unit versus a single-family home. Buyers can also evaluate the renovated condition and the duplex’s unit separation when planning occupancy, property management, and budget alignment. As presented, this is a renovated two-family duplex focused on delivering a practical, residential income setup in Brooklyn.
Key Highlights
- Renovated two‑family home with two separate units in a Brooklyn rental property format
- Built in 1910
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 | $107.1k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $105.1k | $50.03 |
| − OpEx | −$31.5k | −$15.01 |
| NOI | $73.5k | $35.02 |
2,100 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$919.3K – $1.23M
NOI $73,546 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$915.9K
$801.4K – $1.07M
NOI $64,111 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family home offering two separate units in a Brooklyn rental property format.
Where is this duplex located?
The property is located at 341 E 51ST ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Renovated two‑family home with two separate units in a Brooklyn rental property format; Built in 1910
