Brick Duplex with Solar
For Sale
$689,000
494 E 53rd Street, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,214 SF
Lot Size0.05 Acres
Price / SF$567.55
Days on Market159
Property Features for 494 E 53rd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
2
Bathrooms
1
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Garage - Detached
Interior features
Laundry Area, Washer
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,214 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4591
Amenities
solar panels
finished basement
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood, Carpet
Building materials
Brick, Masonry
Roof type
Rubber
Architectural style
Other
Listing Agency:
BHHS Fillmore R.E.
(718) 272-6666
Listed By:
Shelley Ann Worrell
(718) 368-2500
Added: May 13
Changed: Oct 13
Last Checked: Oct 18 at 2:06AM
MLS# 501318
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 1,214-square-foot duplex sits on a 0.0459-acre lot in Brooklyn’s East Flatbush section. Built in 1920, the brick and masonry property includes hardwood and carpet flooring, a finished basement, laundry area, washer, and a detached garage. Solar panels are installed on the property, and the private driveway accommodates up to 4 vehicles.
The home is located at 494 E 53rd Street, Brooklyn, NY 11203, on a quiet residential block near shopping, transportation, schools, and local amenities. The property carries R4 zoning and is offered as-is, without warranty or representation.
The home is located at 494 E 53rd Street, Brooklyn, NY 11203, on a quiet residential block near shopping, transportation, schools, and local amenities. The property carries R4 zoning and is offered as-is, without warranty or representation.
Key Highlights
- 1,214 SF duplex on a 0.0459‑acre lot
- R4 zoning in Brooklyn, NY 11203
- Built in 1920 with brick and masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,516
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,320
$850.3K
Cap Rate 7%
$607,371
$607.4K
Cap Rate 9%
$472,400
$472.4K
Market Conditions
NOI Build-Up for 1,214 SF
Gross rent
$61.9K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$60.7K $50.03/SF
− OpEx
−$18.2K −$15.01/SF
NOI
$42.5K $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%
$850,320
Cap Rate 7%
$607,371
Cap Rate 9%
$472,400
Alternative Uses
Best Use
Multifamily LT 5
$607.4K
$531.5K – $708.6K
NOI $42,516 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$529.5K
$463.3K – $617.7K
NOI $37,062 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$1.01M
$879.5K – $1.17M
NOI $70,363 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,933
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned duplex with a finished basement, detached garage, and private parking in Brooklyn.
Where is this duplex located?
The property is located at 494 E 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 1,214 SF duplex on a 0.0459‑acre lot; R4 zoning in Brooklyn, NY 11203; Built in 1920 with brick and masonry construction
