Prevu by reAlpha
BuySellBlogBrowse Listings

1261 E 54th StreetBrooklyn, NY 11234

For Sale

$1,099,000

Smart Buyer Rebate $13,738

All Photos have been digitally enhanced to represent your renovation.
Located in the highly sought-after Old Mill Basin section of Brooklyn, this legal 3-family brick semi-detached home offers exceptional space, versatility, and income-producing potential. Situated on a beautiful tree-lined block, this property features three separate units, making it ideal for investors, or owner-occupants looking to offset expenses with rental income.

Property highlights include:

• Legal 3-Family
• Solid Brick Semi-Detached Construction
• Prime Old Mill Basin Location
• Quiet, Tree-Lined Residential Block
• Two Private Driveways with Ample Off-Street Parking
• Excellent Opportunity for Investment or Multi-Generational Living
• Convenient Access to Shopping, Schools, Parks, Transportation, and Major Roadways
Whether you're looking to expand your investment portfolio or secure a spacious multi-family property in one of Brooklyn's most desirable neighborhoods, this is an opportunity not to be missed.
Bring your vision and make this legal 3-family brick home your masterpiece! Design the kitchen you've always wanted, create beautiful new bathrooms, update the finishes, and customize every space to fit your lifestyle. With great bones, a prime Old Mill Basin location, and endless potential, this is your chance to create something truly special.

Listed by Carmela Dragonetti

·

Douglas Elliman Real Estate

·

516-623-4500

Last updated July 29, 2026

·

Source: OneKey #1020452

Listing Facts

  • TypeMulti-family
  • NeighborhoodFlatlands
  • Bedrooms5
  • Bathrooms3
  • Days on Prevu31
  • Taxes$9,339.68/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/30/2026
Listed by Douglas Elliman Real Estate
$1,099,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$10,990
Title Insurance
$4,946
Bank Attorney
$1,500
Mortgage Recording Tax
$16,924
Other Closing Costs
$4,000
Total
$42,360

Estimated closing costs are based on the list price of $1,099,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1261 E 54th Street

Exterior

Construction

  • Number Of Units Total: 3
  • Year Built: 1960
  • Construction Materials: Brick

Measurements

  • Building Area Total: 2,680
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Dimensions: 25,100
  • Lot Size Square Feet: 2,500

Financial

Taxes

  • Parcel Number: 07802-0021
  • Tax Annual Amount: $9,339.68
  • Tax Assessed Value: $61,620.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Original Details

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5

Parking

Parking

  • Carport Spaces: 2
  • Carport: Yes
  • Parking Features: Private
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Ps 203 Floyd Bennett School
  • Elementary School District: Brooklyn 22

High School

  • High School: Midwood High School
  • High School District: Brooklyn 22

Middle or Junior School

  • Middle Or Junior School: James Madison High School
  • Middle Or Junior School District: Brooklyn 22

Utilities

Equipment

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 5 bedrooms and 3 bathrooms in this multi-family home at 1261 E 54th Street.

What schools are nearby to 1261 E 54th Street?

Nearby schools include the Ps 203 Floyd Bennett School Elementary School, James Madison High School Middle School, and Midwood High School.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 1261 E 54th Street.

What are the annual taxes for 1261 E 54th Street?

Annual taxes for this multi-family home are estimated at $9,339.

How does 1261 E 54th Street compare to other multi-family homes in Flatlands?

This multi-family home is listed 6% above the average price for multi-family homes in Flatlands and has been on the market for 61 less days than the typical home in this area.

1261 E 54th Street is a 5-bedroom, 3-bath multi-family home for sale in Brooklyn NY 11234. On Prevu for 31 days at $1,099,000. This residence is located in Flatlands. The median listing price for multi-family homes in this area is $749,000. Nearby schools include Ps 203 Floyd Bennett School Elementary School, James Madison High School Middle School, and Midwood High School. Additional amenities include parking. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.