Renovated Brick
For Sale
$995,000
511 E 54th Street, Brooklyn, NY 11203
Two distinct residences feature individual utility service, private parking, and a yard.
Property Size2,205 SF
Price / SF$451.25
Days on Market40
Property Features for 511 E 54th Street
General Information
Standard status
Active
Size
2,205 SF
Property subtype
Residential Income
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$6,354
Amenities
private yard
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Granite Counters
Recessed Lighting
Washer/Dryer Hookup
Building Details
Building Size
2,205 SF
Year Built
1950
Buildings
1
Units
2
Construction
brick
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Croninreale
Added: Sep 17
Changed: Oct 25
Last Checked: Oct 26 at 3:49AM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
At 511 E 54th Street, this 2,205-square-foot brick duplex contains two separate residences, with a 22-by-49-foot building footprint. Renovation work has been completed, and both units offer functional layouts and natural light. Individual utility service, private parking, and a private yard are additional property features. The home was built in 1950.
The property is in Brooklyn, near Kings Highway, Beverley Road, and Clarendon Road. Nearby neighborhood amenities include schools, shopping, restaurants, cafes, and parks. Major transportation options are also nearby.
The property is in Brooklyn, near Kings Highway, Beverley Road, and Clarendon Road. Nearby neighborhood amenities include schools, shopping, restaurants, cafes, and parks. Major transportation options are also nearby.
Key Highlights
- 2,205‑square‑foot, two‑unit brick property
- 22‑by‑49‑foot building footprint
- Renovated two‑family layout with individual utility service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,223
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,544,460
$1.5M
Cap Rate 7%
$1,103,186
$1.1M
Cap Rate 9%
$858,033
$858.0K
Market Conditions
NOI Build-Up for 2,205 SF
Gross rent
$112.5K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.3K $50.03/SF
− OpEx
−$33.1K −$15.01/SF
NOI
$77.2K $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%
$1,544,460
Cap Rate 7%
$1,103,186
Cap Rate 9%
$858,033
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$965.3K – $1.29M
NOI $77,223 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$961.7K
$841.5K – $1.12M
NOI $67,316 @ 7.0% cap · market cap 6.77%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,802 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,819
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 - Two distinct residences feature individual utility service, private parking, and a yard.
Where is this duplex located?
The property is located at 511 E 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,205‑square‑foot, two‑unit brick property; 22‑by‑49‑foot building footprint; Renovated two‑family layout with individual utility service
