Two-Bedroom Residential
494 E 53rd Street Brooklyn, NY 11203
494 E 53rd Street, Brooklyn, NY, 11203
$749,000
For Sale
$749,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,214 SF
Lot Size0.05 Acres
Price / SF$616.97
Days on Market66
Property Features for 494 E 53rd Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2
- Parking features
- Garage - Detached
- Interior features
- Laundry Area, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 1,214 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4591
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
9301 Flatlands Ave, Brooklyn, NY
Listed by
Shelley Ann Worrell
(718) 368-2500
Added: May 13 Checked: Jul 17 at 11:06 pm
MLS# 501318
Listing URL
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 one-family, two-bedroom home is described as beautifully maintained and move-in ready. The interior includes spacious living areas, and the basement is finished to provide additional usable space, including options for recreation or a home office. The property also includes solar panels intended to help provide electricity and improve energy efficiency.
The home is located on a quiet block in East Flatbush, Brooklyn, with convenient access to shopping, transportation, schools, and local amenities as described in the listing.
Outside, the property features a private driveway with room for up to four vehicles. The sale is being offered As Is, with no warranty and no representation.
The home is located on a quiet block in East Flatbush, Brooklyn, with convenient access to shopping, transportation, schools, and local amenities as described in the listing.
Outside, the property features a private driveway with room for up to four vehicles. The sale is being offered As Is, with no warranty and no representation.
Key Highlights
- One‑family home with 2 bedrooms and 1 bathroom plus a finished basement with recreation area and home office
- Private driveway with room for up to 4 vehicles
- Interior features include a laundry area with washer
Local Financial Insights For Apartment 5plus
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 | $68.8k | $56.64 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $67.4k | $55.51 |
| − OpEx | −$30.3k | −$24.98 |
| NOI | $37.1k | $30.53 |
1,214 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$529.5K
$463.3K – $617.7K
NOI $37,062 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$879.5K – $1.17M
NOI $70,363 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Move-in-ready one-family home with a finished basement, private driveway for up to four vehicles, and solar panels.
Where is this single family property located?
The property is located at 494 E 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: One‑family home with 2 bedrooms and 1 bathroom plus a finished basement with recreation area and home office; Private driveway with room for up to 4 vehicles; Interior features include a laundry area with washer
