Brooklyn Multifamily Property For
1040 E 15th Street, Brooklyn, NY 11230
MULTI_FAMILY - Brooklyn, NY
Property size:
3,170 SFLot size:
0.07 AcresPrice / SF:
$533/SF- Added:
- May 15, 2026
- Days on Market:
- 8
- Last Refresh:
- May 22 at 10:06 am
Property Features for 1040 E 15th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3
- Parking features
- Carport
- Basement
- Finished
- Standard status
- Active
- Size
- 3,170 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10687
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 2
Listing agent Sarah Lasker (718) 677-8024
Listing office Lasker Realty 1231 E 12th Street, Brooklyn, NY (718) 677-8024
Listing date May 15, 2026
MLS# 501483
Listing URL
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.
HighLights
- Large updated eat‑in kitchen
- Multi‑family property currently used as a 2‑family home
- 5 bedrooms across the top two floors
- Finished basement with additional bedrooms and bathrooms
- First floor is a 2‑bedroom rental unit
- Carport parking
Overview
This detached multifamily property, currently configured as a two-family residence, is located in Brooklyn, NY. The first floor features a two-bedroom rental unit. The upper two floors comprise five bedrooms and a large, updated eat-in kitchen. The property also includes a finished basement with additional bedrooms and bathrooms. The lot size is 0.0689 acres. The property size is 3170 square feet. The zoning is R5.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.23M
NOI $111,019 @ 9.00% cap · cautious / downside scenario
Moderate
$1.59M
NOI $111,019 @ 7.00% cap · market / base-case scenario
Aggressive
$2.22M
NOI $111,019 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.7k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $158.6k | $50.03 |
| − OpEx | −$47.6k | −$15.01 |
| NOI | $111.0k | $35.02 |
3,170 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.85M
NOI $111,019 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,777 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$2.62M
$2.30M – $3.06M
NOI $183,733 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.961495
- Latitude
- 40.62419
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Detached multifamily property in Brooklyn with rental income potential.
Where is this duplex located?
The property is located at 1040 E 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Large updated eat‑in kitchen; Multi‑family property currently used as a 2‑family home; 5 bedrooms across the top two floors
