Midwood Two-Family Home with
1515 E 15th Street, Brooklyn, NY 11230
MULTI_FAMILY - Brooklyn, NY
Type:Duplex
Property size:
3,000 SFLot size:
0.09 AcresPrice / SF:
$525/SF- Added:
- Apr 25, 2026
- Days on Market:
- 34
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 1515 E 15th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R6
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 1
- Parking features
- Garage - Detached
- Patio and Porch features
- Patio, Porch
- Interior features
- Central Air, Dishwasher, Garage Door Opener(s), Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Window Treatments
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6185
Building Details
- Year built
- 1995
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Granite, Parquet Wood
- Building materials
- Block
- Roof type
- Rubber, Shingle
- Architectural style
- Other
Listing agent Alla Veksler (718) 376-9300
Listing office Maximillion Realty, Inc. 101 Avenue U, Brooklyn, NY (718) 376-9300
Listing date Apr 25, 2026
MLS# 500869
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
- Two separate units (1‑bedroom and 4‑bedroom duplex) ideal for multi‑generational living or rental income.
- Finished basement with separate entrance, kitchen, and full bath, adding significant living space.
- Substantial parking: 3‑car detached garage plus driveway space for 5 cars.
- Recent extensive renovations: new roof, stucco, Anderson windows, and modern basement updates.
- Convenient Midwood location: close to Kings Highway, B/Q subway, shops, restaurants, and schools.
- Central AC/heat, new hot water heater, and modern kitchens with stainless steel appliances and granite countertops.
Overview
This remarkable 2-family detached home is located in the heart of the Midwood area on a 50 by 75 lot. Custom built in 1995, the property offers two separate units designed for comfort, along with a finished basement that has a separate entrance. The first floor features a 1-bedroom, 1-bath apartment with a large eat-in kitchen that includes a window and double sinks, as well as a new stainless steel LG stove and refrigerator, and a bathroom with a tub and window. Parquet floors, large windows, recessed lights, and central AC/heat are featured throughout. The second-floor duplex offers 4 bedrooms, 2 baths, and an eat-in kitchen with granite and a large window. There is also a newly renovated modern bath with a shower and a window, recessed lights, large windows, a large living room with a dining area, and parquet floors throughout. The basement has undergone extensive modern renovations, adding additional space, a kitchen, and a full bath with a shower. The home features central AC/heat, a new hot water heater, a brand new roof, new stucco all around, and new Anderson windows on all three floors. A three-car detached garage and a driveway that can fit 5 cars are included. The home is fully fenced with an iron fence. With R-6 zoning, this home can be a great source of income. It is conveniently located a short distance from Kings Highway, the B/Q subway line, many gourmet shops and boutiques, great restaurants, houses of worship, many parks, and great schools.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.17M
NOI $105,065 @ 9.00% cap · cautious / downside scenario
Moderate
$1.50M
NOI $105,065 @ 7.00% cap · market / base-case scenario
Aggressive
$2.10M
NOI $105,065 @ 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 | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
All American Public ...
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.95875
- Latitude
- 40.612537
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit home with finished basement, garage, and modern upgrades.
Where is this duplex located?
The property is located at 1515 E 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two separate units (1‑bedroom and 4‑bedroom duplex) ideal for multi‑generational living or rental income.; Finished basement with separate entrance, kitchen, and full bath, adding significant living space.; **Substantial parking: 3‑car detached garage plus driveway space for 5 cars.**
