Brooklyn Multifamily with ADU
33 Avenue V, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property size:
3,015 SFLot size:
0.06 AcresPrice / SF:
$497/SF- Added:
- Oct 29, 2025
- Days on Market:
- 210
- Last Refresh:
- May 26 at 8:06 am
Property Features for 33 Avenue V
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r5
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 8, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 1
- Interior features
- A/C Unit - Window
- Basement
- Full, Finished
- 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 agent Carmela Hagan (718) 667-6400
Listing office SI Premiere Properties 62 Seguine Avenue 2nd floor, Staten Island, NY (718) 667-6400
Listing date Oct 29, 2025
MLS# 496985
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
- Large all brick legal 2‑family with potential for 3‑family ADU conversion (consult architect).
- Ideal for various uses: residential, medical office, or home office with excellent visibility.
- 3015 sq ft of living space, featuring 8 bedrooms and 3 bathrooms (4/3/1 bedroom configuration).
- Includes a 1‑car garage plus an additional off‑street parking space.
- Vacant units offer immediate rental income potential or owner‑occupancy flexibility.
- Convenient location: walk to train, bus, shops, and schools.
Overview
This is a large, all-brick legal two-family property with a ground-level walk-in, presenting the possibility of a three-family ADU conversion, subject to architectural consultation. The property is also suitable for a medical or home office, offering excellent visibility. The ground level provides front, back, and interior access. The home features 3015 square feet of living space, with a total of 8 bedrooms and 3 baths, configured as 4 bedrooms over 3 bedrooms over 1 bedroom. A one-car garage is included, along with an additional off-street parking space. The property is suitable for a large extended family, doctor, medical professional, investor, flipper, builder, or end-user seeking high net rental income. Its location provides convenient access to trains, buses, shops, and schools. All units are currently vacant. The lot size is 0.0574 acres. The property is located in Brooklyn, NY and is zoned R5.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.17M
NOI $105,590 @ 9.00% cap · cautious / downside scenario
Moderate
$1.51M
NOI $105,590 @ 7.00% cap · market / base-case scenario
Aggressive
$2.11M
NOI $105,590 @ 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 | $153.8k | $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 Use Scenarios
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.983292
- Latitude
- 40.593962
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Large legal two-family with ADU potential, ideal for investors.
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 potential for 3‑family ADU conversion (consult architect).; Ideal for various uses: residential, medical office, or home office with excellent visibility.; 3015 sq ft of living space, featuring **8 bedrooms and 3 bathrooms** (4/3/1 bedroom configuration).
