53 Franklin Street, Brooklyn, NY 11222
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 15, 2025
- Days on Market:
- 366
- Last Refresh:
- Jun 15 at 5:06 am
Property Features for 53 Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Basement
- Full
- Standard status
- Active
- APN
- 02571-0025
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9688
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 6
- Building materials
- Brick
Listing agent Marek Sobolewski License #10311207231 (718) 710-8170
Listing office Trademarko Realty Inc 6832 Forest Ave, Ridgewood, NY (718) 502-5141
Listing date Jun 15, 2025
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Delivered Vacant: Ready for immediate customization and occupancy.
- Prime Waterfront Location: Steps from the East River, NYC Ferry, L & G trains, and bordering Williamsburg.
- Large 6,500 Sq. Ft. Building: Offers substantial space for various layouts.
- Three Full Floors Plus Basement: Provides ample room.
- Flexible Usage: Ideal for a grand single‑family townhouse, live/work space, or multi‑unit layout.
- Solid Brick Construction: Built in 1930.
Overview
The property is set in Greenpoint, steps from the East River, and described as being on the border of Williamsburg. The remarks also note convenient nearby transit options, including the NYC Ferry and the L & G trains.
With its current vacant delivery, the building can support a range of layout approaches, including a customized multi-unit configuration, a grand single-family-style townhouse conversion, or a live/work arrangement. For buyers seeking an adaptable structure with multiple levels and a basement ready to be finished to suit the next use, this property’s existing volume and flexible floor count provide a straightforward foundation for planning and design.
Local Financial Insights For Mixed Use
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 | $429.0k | $66.00 |
| − Vacancy | −$51.5k | −$7.92 |
| EGI | $377.5k | $58.08 |
| − OpEx | −$141.6k | −$21.78 |
| NOI | $236.0k | $36.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.957446
- Latitude
- 40.727253
