East Flatbush Two-Family
For Sale
$750,000
Pending
541 East 54th St, Brooklyn, NY 11203
Two-family home in East Flatbush with original hardwood floors.
Property Size1,855 SF
Lot Size0.05 Acres
Days on Market335
Property Features for 541 East 54th St
General Information
Standard status
Pending
Size
1,855 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$5,500
Building Details
Building Size
1,855 SF
Year Built
1950
Units
2
Listing Agency:
Citizens International Realty
Listed By:
Raul Van Rossum
(718) 282-6400
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:46AM
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 Citizens International Realty
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Investment Insights
Based on property information with market context.
Located in East Flatbush, this two-family home features original hardwood floors and an attached garage. The updated eat-in kitchen has a modern look. The property, a 2-bedroom over 1-bedroom brick structure, provides space for a family. The master bedrooms can hold a king size bed. The backyard is spacious enough for outdoor activities. Transportation is accessible, with the B46, B7, and B6 bus lines nearby.
Key Highlights
- Two‑family home ideal for multi‑generational living or rental income.
- Attached garage provides secure parking and storage.
- Updated eat‑in kitchen offers modern convenience and ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,965
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,300
$1.3M
Cap Rate 7%
$928,071
$928.1K
Cap Rate 9%
$721,833
$721.8K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$94.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.8K $50.03/SF
− OpEx
−$27.8K −$15.01/SF
NOI
$65.0K $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%
$1,299,300
Cap Rate 7%
$928,071
Cap Rate 9%
$721,833
Alternative Uses
Best Use
Multifamily LT 5
$928.1K
$812.1K – $1.08M
NOI $64,965 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$809.0K
$707.9K – $943.9K
NOI $56,631 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,516 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,733
Businesses Nearby
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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-family home in East Flatbush with original hardwood floors.
Where is this duplex located?
The property is located at 541 East 54th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family home ideal for multi‑generational living or rental income.; Attached garage provides secure parking and storage.; Updated eat‑in kitchen offers modern convenience and ample space.
