Fully Occupied 4-Unit
For Sale
$1,898,000
727 53rd Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,400 SF
Lot Size0.05 Acres
Price / SF$790.83
Days on Market175
Property Features for 727 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
2,400 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12947
Building Details
Year built
1908
Floors in Building
2
Flooring type
Laminate, Linoleum
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
Empire State Realty Group
(646) 932-4442
Listed By:
Aldo Iemma · License #10311208950
(646) 932-4441
Added: Apr 10
Changed: Sep 15
Last Checked: Oct 1 at 4:06PM
MLS# 500392
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 four-family residential property in Brooklyn was built in 1908 and contains 2,400 square feet on a 0.046-acre lot. The wood-frame building has a flat roof, four bathrooms, linoleum and laminate flooring, and kitchens equipped with refrigerators and stoves. Interior improvements have been completed over the years, and the boiler is one year old.
The property is fully occupied, with no leases in place. Zoning is R6B, with an actual FAR of 1.20 and a maximum residential FAR of 2.0. The stated maximum residential square footage is 4006, with 1,606 buildable square feet identified. Mixed-use and community development are also noted with higher buildable square footage.
The property is fully occupied, with no leases in place. Zoning is R6B, with an actual FAR of 1.20 and a maximum residential FAR of 2.0. The stated maximum residential square footage is 4006, with 1,606 buildable square feet identified. Mixed-use and community development are also noted with higher buildable square footage.
Key Highlights
- Four‑family property built in 1908
- 2,400 square feet on 0.046 acres
- R6B zoning with actual FAR of 1.20
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,459
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,429,180
$1.4M
Cap Rate 7%
$1,020,843
$1.0M
Cap Rate 9%
$793,989
$794.0K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$106.6K $44.40/SF
− Vacancy
−$4.5K −$1.86/SF
EGI
$102.1K $42.54/SF
− OpEx
−$30.6K −$12.76/SF
NOI
$71.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,429,180
Cap Rate 7%
$1,020,843
Cap Rate 9%
$793,989
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.2K – $1.19M
NOI $71,459 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,910 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
7,625
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R6B-zoned Brooklyn property with a one-year-old boiler and multiple interior upgrades.
Where is this quadplex located?
The property is located at 727 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: Four‑family property built in 1908; 2,400 square feet on 0.046 acres; R6B zoning with actual FAR of 1.20
