Renovated Two-Family
For Sale
$1,219,000
1495 E 15th Street, Brooklyn, NY 11230
Residential, Brooklyn, NY
Property Size1,900 SF
Lot Size0.04 Acres
Price / SF$641.58
Days on Market81
Property Features for 1495 E 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3
Parking features
Carport
Patio and Porch features
Deck, Patio
Interior features
Central Air - Split, Deck, Dishwasher, Laundry Area, Microwave, Patio Garden, Refrigerator, Stove
Basement
Full
Subdivision
Midwood
Standard status
Active
Size
1,900 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8093
Amenities
rear yard
rear deck
hardwood floors
split-system heating and cooling
washer/dryer
Building Details
Floors in Building
3
Flooring type
Hardwood, Tile, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
Bellmarc
(718) 768-4500
Listed By:
Adnan Hasan · License #AH3345
(718) 768-4500
Added: Jun 5
Changed: Aug 20
Last Checked: Aug 24 at 9:06PM
MLS# 502052
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 renovated brick duplex at 1495 E 15th Street includes two residential apartments totaling 1900 square feet on a 0.0416-acre lot. The first-floor unit has a living and dining area, kitchen access to a rear yard, one bedroom, a full bathroom, and washer and dryer hookups. An upper duplex adds an open living and dining layout, kitchen access to a rear deck, three bedrooms, two full bathrooms, and a second laundry setup.
Interior improvements include hardwood, tile, and ceramic flooring, updated kitchens and bathrooms, brand-new appliances, and split-system heating and cooling units throughout. The property is zoned R5B and includes a carport, deck, and patio. Its Brooklyn location provides access to the B, Q, and F subway lines, bus routes, shopping, supermarkets, restaurants, and cafes.
Interior improvements include hardwood, tile, and ceramic flooring, updated kitchens and bathrooms, brand-new appliances, and split-system heating and cooling units throughout. The property is zoned R5B and includes a carport, deck, and patio. Its Brooklyn location provides access to the B, Q, and F subway lines, bus routes, shopping, supermarkets, restaurants, and cafes.
Key Highlights
- Two‑family duplex with 1900 square feet of residential space
- 0.0416‑acre lot at 1495 E 15th Street, Brooklyn, NY 11230
- Renovated kitchens and bathrooms with brand‑new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,330,820
$1.3M
Cap Rate 7%
$950,586
$950.6K
Cap Rate 9%
$739,344
$739.3K
Market Conditions
NOI Build-Up for 1,900 SF
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.
Gross rent
$96.9K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$95.1K $50.03/SF
− OpEx
−$28.5K −$15.01/SF
NOI
$66.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,330,820
Cap Rate 7%
$950,586
Cap Rate 9%
$739,344
Alternative Uses
Best Use
Multifamily LT 5
$950.6K
$831.8K – $1.11M
NOI $66,541 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$828.6K
$725.1K – $966.8K
NOI $58,005 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,124 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick income property with separate apartments, outdoor spaces, split-system climate control, and laundry connections.
Where is this duplex located?
The property is located at 1495 E 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,219,000.
What are key features of this property?
This property features: Two‑family duplex with 1900 square feet of residential space; 0.0416‑acre lot at 1495 E 15th Street, Brooklyn, NY 11230; Renovated kitchens and bathrooms with brand‑new appliances
