Detached Residential Income
For Sale
$1,049,000
915 E 54th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,628 SF
Lot Size0.09 Acres
Price / SF$644.35
Days on Market14
Property Features for 915 E 54th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Porch
Interior features
A/C Unit, A/C Unit - Wall, Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
1,628 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9495
Building Details
Year built
1935
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
eXp Realty BKNY
Listed By:
Donald M. Kaplan
(888) 276-0630
Added: Oct 13
Changed: Oct 20
Last Checked: Oct 26 at 1:06AM
MLS# 505293
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.
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Investment Insights
Based on property information with market context.
This detached brick residential income property has 1,628 square feet and was built in 1935. The layout includes two bedrooms above a finished basement, which needs updating. Hardwood flooring, wall-mounted air conditioning, a laundry area, and a porch are among the interior and exterior features.
The 0.0918-acre parcel measures 40 x 100 and includes front, side, and back yards, along with parking for five cars. The property is zoned R4.
The 0.0918-acre parcel measures 40 x 100 and includes front, side, and back yards, along with parking for five cars. The property is zoned R4.
Key Highlights
- Detached brick residence built in 1935
- 1,628 square feet with two bedrooms above a finished basement
- 0.0918‑acre lot measuring 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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Open Analytics
Lease Details
1
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential income property - The brick residence includes a finished basement, a porch, and off-street parking for five cars.
Where is this residential income property located?
The property is located at 915 E 54th Street 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 brick residence built in 1935; 1,628 square feet with two bedrooms above a finished basement; 0.0918‑acre lot measuring 40 x 100
