Detached Multifamily
New
For Sale
$1,049,000
915 E 54th St, Brooklyn, NY 11234
The property includes a finished basement and outdoor space at the front, side, and rear.
Property Size1,628 SF
Lot Size0.09 Acres
Days on Market3
Property Features for 915 E 54th St
General Information
Standard status
Active
Size
1,628 SF
Total Parking Spaces
5
Lot size
0.09 Acres
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
needs updating
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,495
Building Details
Building Size
1,628 SF
Year Built
1935
Stories
2
Listing Agency:
eXp Realty BKNY
Listed By:
Donald M. Kaplan
(888) 276-0630
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:25PM
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 eXp Realty BKNY
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Investment Insights
Based on property information with market context.
This detached multifamily property, built in 1935, has two bedrooms above a finished basement. The building needs updating. The property measures 40 x 100 and includes parking for 5 cars, along with front, side, and backyard areas.
Located at 915 E 54th St in Brooklyn, the property has a walk score of 81, a bike score of 61, and a transit score of 85.
Located at 915 E 54th St in Brooklyn, the property has a walk score of 81, a bike score of 61, and a transit score of 85.
Key Highlights
- Detached multifamily property built in 1935
- Two bedrooms above a finished basement; updating needed
- Property measures 40 x 100
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,701
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,020
$994.0K
Cap Rate 7%
$710,014
$710.0K
Cap Rate 9%
$552,233
$552.2K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$92.2K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$90.4K $55.51/SF
− OpEx
−$40.7K −$24.98/SF
NOI
$49.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,020
Cap Rate 7%
$710,014
Cap Rate 9%
$552,233
Alternative Uses
Best Use
Apartment 5plus
$710.0K
$621.3K – $828.4K
NOI $49,701 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,359 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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?
Multifamily property - The property includes a finished basement and outdoor space at the front, side, and rear.
Where is this multifamily property located?
The property is located at 915 E 54th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Detached multifamily property built in 1935; Two bedrooms above a finished basement; updating needed; Property measures 40 x 100
