Colonial Multifamily
For Sale
$1,299,000
345 54th Street, Brooklyn, NY 11220
Multifamily property with natural gas service, wall/window units, and partially finished interior space.
Property Size1,536 SF
Days on Market75
Property Features for 345 54th Street
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,521
Amenities
Wall/Window Unit(s)
Natural Gas
Full, Partially Finished
On Street
Colonial
Building Details
Building Size
1,536 SF
Year Built
1901
Listed By:
Dominick Novello
(516) 297-1567
Source:
Evrealestate
Added: Jul 30
Changed: Oct 10
Last Checked: Oct 11 at 6:34AM
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 Dominick Novello
Investment Insights
Based on property information with market context.
This multifamily property at 345 54th Street in Brooklyn, NY 11220 was built in 1901. The property features Colonial exterior styling, wall/window units, natural gas service, and a full, partially finished interior component.
On-street parking is identified among the exterior features. The property is located in Kings County, providing a Brooklyn setting for a multifamily asset.
On-street parking is identified among the exterior features. The property is located in Kings County, providing a Brooklyn setting for a multifamily asset.
Key Highlights
- Built in 1901
- Colonial exterior styling
- Wall/window units and natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,960
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,200
$819.2K
Cap Rate 7%
$585,143
$585.1K
Cap Rate 9%
$455,111
$455.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$77.4K $50.40/SF
− Vacancy
−$2.9K −$1.92/SF
EGI
$74.5K $48.48/SF
− OpEx
−$33.5K −$21.82/SF
NOI
$41.0K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,200
Cap Rate 7%
$585,143
Cap Rate 9%
$455,111
Alternative Uses
Best Use
Apartment 5plus
$585.1K
$512.0K – $682.7K
NOI $40,960 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.7K
$871.3K – $1.16M
NOI $69,702 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with natural gas service, wall/window units, and partially finished interior space.
Where is this multifamily property located?
The property is located at 345 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Built in 1901; Colonial exterior styling; Wall/window units and natural gas service
