Detached Two-Family
15A Lake Avenue Brooklyn, NY 11235
For Sale
$549,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,152 SF
Lot Size0.03 Acres
Price / SF$476.56
Days on Market106
Property Features for 15A Lake Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Patio and Porch features
- Deck
- Interior features
- A/C Unit - Wall, Central Air, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- Size
- 1,152 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3710
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Bungalow
Listing Agency:
Winzone Realty Inc
(718) 676-6611
Listed By:
Iuliana B. Golimaz
(718) 676-6611
Added: Apr 9
Changed: Jul 18
Last Checked: Jul 23 at 5:06PM
MLS# 500346
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 fully detached two-family home is configured as a 2-family property per NYC public records. The first floor includes a one-bedroom, one-bath walk-in apartment. The second floor offers a two-bedroom layout with a full bathroom. One unit is currently occupied, and the second unit is vacant and requires renovation, giving the next owner an opportunity to modernize the space.
The property sits on an approximately 21 x 67 lot (depth approximately 67.5 feet, per NYC public records), with an approximately 18 x 41 building size. It is located on a quiet dead-end street in Sheepshead Bay, just moments from Emmons Avenue. Nearby conveniences include shopping, restaurants, public transportation, and waterfront amenities along Emmons Avenue.
For buyers, this layout can suit an owner-occupant looking to offset expenses with rental income, or an investor seeking a property with a vacant unit that needs renovation. Prospective buyers should review the renovation scope and any applicable requirements as part of their due diligence before proceeding.
The property sits on an approximately 21 x 67 lot (depth approximately 67.5 feet, per NYC public records), with an approximately 18 x 41 building size. It is located on a quiet dead-end street in Sheepshead Bay, just moments from Emmons Avenue. Nearby conveniences include shopping, restaurants, public transportation, and waterfront amenities along Emmons Avenue.
For buyers, this layout can suit an owner-occupant looking to offset expenses with rental income, or an investor seeking a property with a vacant unit that needs renovation. Prospective buyers should review the renovation scope and any applicable requirements as part of their due diligence before proceeding.
Key Highlights
- Detached 2‑family home per NYC public records on a quiet dead‑end street in Sheepshead Bay
- Layout: 1st floor walk‑in 1‑bedroom/1‑bath unit; 2nd floor 2‑bedroom with a full bathroom
- One unit occupied and the second unit is currently vacant and requires renovation
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 | $58.8k | $51.00 |
| − Vacancy | −$1.1k | −$0.97 |
| EGI | $57.6k | $50.03 |
| − OpEx | −$17.3k | −$15.01 |
| NOI | $40.3k | $35.02 |
1,152 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.3K – $672.4K
NOI $40,345 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.2K
NOI $35,169 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully detached two-family home with one unit occupied and a second unit vacant for renovation.
Where is this duplex located?
The property is located at 15A Lake Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Detached 2‑family home per NYC public records on a quiet dead‑end street in Sheepshead Bay; Layout: 1st floor walk‑in 1‑bedroom/1‑bath unit; 2nd floor 2‑bedroom with a full bathroom; One unit occupied and the second unit is currently vacant and requires renovation
