115 Neptune Avenue, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
- Added:
- Apr 15, 2026
- Days on Market:
- 84
- Last Refresh:
- Jul 7 at 4:06 pm
Property Features for 115 Neptune Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 7, Bedroom 5, Bathroom 5
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,836 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7943
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Ceramic
- Building materials
- Brick, Wood Frame
- Roof type
- Flat
Listing agent Yeugene (Gina) Atayan License #YA5913 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Apr 15, 2026
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
- 3‑family home with two oversized 3‑bedroom, 1.5‑bath units and one large 2‑bedroom, 1‑bath unit
- 25‑foot‑wide lot with R6 zoning
- Private backyard
- Year built: 1915; brick and wood frame construction; flat roof
- Interior includes refrigerator and stove; ceramic and hardwood flooring
- Bedrooms/bathrooms across units include Bedrooms 1–8 and Bathrooms 1–5
Overview
The home is located on the border of Brighton Beach and Sheepshead Bay in Brooklyn, near the Emmons Avenue Promenade. The surrounding area includes dining, cafes, and shopping along Emmons and Brighton Beach Avenues. Transit access is described as easy, with nearby subway lines and bus routes that can support routine commuting.
For an owner-occupant or an investor seeking multi-unit housing, the configuration provides multiple bedroom counts across the three units, which can appeal to a range of household needs. The private backyard is an added amenity in a residential income property, helping differentiate the building for prospective tenants. With R6 zoning noted for the site, this is a residential asset positioned for long-term ownership and continued use as a three-family home.
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 | $93.6k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $91.9k | $50.03 |
| − OpEx | −$27.6k | −$15.01 |
| NOI | $64.3k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.958041
- Latitude
- 40.582578
