Legal Two-Family Brick
33 Avenue V Brooklyn, NY 11223
For Sale
$1,500,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,015 SF
Lot Size0.06 Acres
Price / SF$497.51
Days on Market272
Property Features for 33 Avenue V
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r5
Bedrooms
8
Bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 8, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
Interior features
A/C Unit - Window
Basement
Finished, Full
Standard status
Active
Size
3,015 SF
Lot size
0.06 Acres
Building Details
Year built
1960
Flooring type
Hardwood
Building materials
Block, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
SI Premiere Properties
(718) 667-6400
Listed By:
Carmela Hagan
(718) 667-6400
Added: Oct 29, 2025
Changed: Jul 13
Last Checked: Jul 27 at 4:06PM
MLS# 496985
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 all-brick legal two-family residence includes an additional ground-level walk-in area with front, back, and interior access. The home contains a total of 3,015 square feet of living space with 8 bedrooms and 3 bathrooms. The unit layout is described as 4 bedrooms over 3 bedrooms over 1 bedroom. Parking includes a one-car garage plus an additional off-street parking space.
The property is zoned R5 and is described as having excellent visibility. Public remarks note that all units are vacant.
The ground-level walk-in is identified as a potential basis for an ADU conversion, subject to consultation with an architect. The property is also described as adaptable for medical office or home office use.
The property is zoned R5 and is described as having excellent visibility. Public remarks note that all units are vacant.
The ground-level walk-in is identified as a potential basis for an ADU conversion, subject to consultation with an architect. The property is also described as adaptable for medical office or home office use.
Key Highlights
- Large all‑brick legal 2‑family with ground‑level walk‑in and possible 3‑family ADU conversion (verify with your architect)
- 3,015 SF total living space with 8 bedrooms and 3 bathrooms across three levels
- 4 bedrooms over 3 bedrooms over 1 bedroom layout
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 | $153.8k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.8k | $50.03 |
| − OpEx | −$45.3k | −$15.01 |
| NOI | $105.6k | $35.02 |
3,015 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,590 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,045 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,749 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - All-brick legal two-family with ground-level walk-in and interior access, plus detached garage and off-street parking.
Where is this duplex located?
The property is located at 33 Avenue V Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Large all‑brick legal 2‑family with ground‑level walk‑in and possible 3‑family ADU conversion (verify with your architect); 3,015 SF total living space with 8 bedrooms and 3 bathrooms across three levels; 4 bedrooms over 3 bedrooms over 1 bedroom layout
