Tenant-Occupied
346 53rd Street Brooklyn, NY 11220
For Sale
$1,630,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,700 SF
Lot Size0.00 Acres
Price / SF$440.54
Days on Market12
Property Features for 346 53rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 10
- Rooms
- Bathroom 7, Bathroom 2, Bathroom 8, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 10, Bathroom 6, Bathroom 9, Bathroom 5
- Basement
- Unfinished
- Standard status
- Active
- Size
- 3,700 SF
- Lot size
- 0.00 Acres
Building Details
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Yu Ling (Eva) Chen · License #YLC3807
(718) 680-2776
Added: Jul 13
Changed: Jul 14
Last Checked: Jul 24 at 2:06PM
MLS# 502989
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.
This for-sale duplex multifamily property is located at 346 53rd Street in Brooklyn, NY 11220. The offering is for a tenant-occupied asset, and the listed total property size is 3,700 square feet, with a reported lot size of 0.0005 acres.
The property is presented as easy to show with 24-hour advance notice. All information is deemed reliable but is subject to verification. Interested parties should contact the agent to request additional details or schedule a private showing.
The property is presented as easy to show with 24-hour advance notice. All information is deemed reliable but is subject to verification. Interested parties should contact the agent to request additional details or schedule a private showing.
Key Highlights
- Brick construction
- Hardwood flooring
- Flat roof
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 | $164.3k | $44.40 |
| − Vacancy | −$6.9k | −$1.86 |
| EGI | $157.4k | $42.54 |
| − OpEx | −$47.2k | −$12.76 |
| NOI | $110.2k | $29.77 |
3,700 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.38M – $1.84M
NOI $110,166 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,667 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,903 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale multifamily duplex at 346 53rd Street, Brooklyn, offered tenant-occupied with 24-hour advance showing notice.
Where is this duplex located?
The property is located at 346 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Brick construction; Hardwood flooring; Flat roof
