Sunset Park Multifamily Investment
For Sale
$1,900,000
855 53rd St, Brooklyn, NY 11220
Two-family houses package deal in prime Sunset Park location.
Property Size2,000 SF
Lot Size0.05 Acres
Days on Market317
Property Features for 855 53rd St
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,985
Building Details
Building Size
2,000 SF
Stories
2
Listing Agency:
Momentum Real Estate LLC
Listed By:
Leo Chen
(718) 382-0001
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Apr 28 at 11:54PM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This offering presents an opportunity for builders and investors in the Sunset Park area. The package includes two, two-family houses situated on a combined 40x100 lot. The properties benefit from R6 zoning, which allows for a Floor Area Ratio (FAR) of 4.8, potentially enabling up to 19,200 square feet of development.
Key Highlights
- Prime 8th Ave Sunset Park location
- R6 zoning with FAR 4.8 allowing up to 19,200 sf
- Combined 40x100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,549
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,980
$1.2M
Cap Rate 7%
$850,700
$850.7K
Cap Rate 9%
$661,656
$661.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$88.8K $44.40/SF
− Vacancy
−$3.7K −$1.86/SF
EGI
$85.1K $42.54/SF
− OpEx
−$25.5K −$12.76/SF
NOI
$59.5K $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 Rate 5%
$1,190,980
Cap Rate 7%
$850,700
Cap Rate 9%
$661,656
Alternative Uses
Best Use
Multifamily LT 5
$850.7K
$744.4K – $992.5K
NOI $59,549 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$761.9K
$666.7K – $888.9K
NOI $53,333 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,758 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,809
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family houses package deal in prime Sunset Park location.
Where is this duplex located?
The property is located at 855 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Prime 8th Ave Sunset Park location; R6 zoning with FAR 4.8 allowing up to 19,200 sf; Combined 40x100 lot
