4115 Manhattan Avenue Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 22, 2026
- Days on Market:
- 21
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 4115 Manhattan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,222 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8295
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
Listing agent Ping Chen (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 22, 2026
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.
The property is located within the gated beachfront community of Sea Gate, where residents have access to beach amenities and enjoy the coastal setting described in the listing. Nearby are Coney Island’s beaches and boardwalk, along with local shopping, dining, schools, and transportation.
This configuration can work well for an owner-occupant looking to live in one unit while renting the other, as well as for extended-family setups or income-focused buyers. Each unit’s similar layout supports straightforward day-to-day management, while the basement provides additional room beyond the main living areas for flexible use.
Key Highlights
- Solid brick two‑family home in the gated beachfront community of Sea Gate
- Approximately 2,222 SF of living space on a 3,080 SF lot
- 2‑bedroom over 2‑bedroom unit layout with living room, formal dining, functional kitchen, and two bedrooms each
Local 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 | $113.3k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $111.2k | $50.03 |
| − OpEx | −$33.4k | −$15.01 |
| NOI | $77.8k | $35.02 |
