Brick Duplex with Full
For Sale
$1,659,000
524 51st Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,820 SF
Lot Size0.05 Acres
Price / SF$588.30
Days on Market51
Property Features for 524 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
2,820 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2712
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Yi (Elaine) Lin
(917) 708-9966
Added: Sep 17
Changed: Oct 30
Last Checked: Nov 6 at 6:06AM
MLS# 504647
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 attached duplex is arranged as a two-family residence on a 20-by-100-foot lot, with 2,820 square feet of building area and a full basement. Brick construction, a flat roof, hardwood and tile flooring, and existing refrigerator and stove appliances are among the property’s physical features. The home was built in 1910 and is located in an R6B zoning district.
The property is positioned near public transportation, shopping, restaurants, and schools in Brooklyn. Its two-family layout is suited to both owner-occupancy and rental use, as described in the property information. The residence includes eight bedrooms and four bathrooms, providing a substantial configuration within the attached building.
The property is positioned near public transportation, shopping, restaurants, and schools in Brooklyn. Its two-family layout is suited to both owner-occupancy and rental use, as described in the property information. The residence includes eight bedrooms and four bathrooms, providing a substantial configuration within the attached building.
Key Highlights
- Attached two‑family home with 2,820 square feet of building area
- 20x100 lot with a 20x47 building footprint
- Full basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,964
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,280
$1.7M
Cap Rate 7%
$1,199,486
$1.2M
Cap Rate 9%
$932,933
$932.9K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$125.2K $44.40/SF
− Vacancy
−$5.3K −$1.86/SF
EGI
$119.9K $42.54/SF
− OpEx
−$36.0K −$12.76/SF
NOI
$84.0K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,280
Cap Rate 7%
$1,199,486
Cap Rate 9%
$932,933
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,964 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$1.07M
$940.0K – $1.25M
NOI $75,200 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,969 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,917
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family configuration with a full basement, hardwood and tile flooring, and included kitchen appliances.
Where is this duplex located?
The property is located at 524 51st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,659,000.
What are key features of this property?
This property features: Attached two‑family home with 2,820 square feet of building area; 20x100 lot with a 20x47 building footprint; Full basement included
