Brooklyn Multifamily Property For
1040 E 15th Street Brooklyn, NY 11230
1040 E 15th Street, Brooklyn, NY, 11230
$1,690,000
For Sale
$1,690,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,170 SF
Lot Size0.07 Acres
Price / SF$533.12
Days on Market64
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 3, Bathroom 1
- 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 Agency
Lasker Realty
(718) 677-8024
1231 E 12th Street, Brooklyn, NY
Listed by
Sarah Lasker
(718) 677-8024
Added: May 15 Checked: Jul 17 at 6:06 am
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Detached multi‑family home currently used as a 2‑fam setup
- First floor features a 2‑bedroom rental
- Top two floors include 5 bedrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| 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 Uses
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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: Detached multi‑family home currently used as a 2‑fam setup; First floor features a 2‑bedroom rental; Top two floors include 5 bedrooms
