Brooklyn Oversized Three-Family Brick
6915 14th Avenue, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property size:
3,160 SFLot size:
0.04 AcresPrice / SF:
$537/SF- Added:
- Mar 28, 2025
- Days on Market:
- 426
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 6915 14th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 5, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Interior features
- A/C Unit - Window, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,160 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10006
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Mar 28, 2025
MLS# 490400
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
- Oversized 3‑family brick home in Dyker Heights.
- Potential to convert back to a 4‑family configuration.
- Finished basement with separate front entrance.
- Well‑maintained condition with numerous upgrades.
- Large apartments: one 2‑bedroom and one 1‑bedroom on the top floor.
- Multiple meters: 3 gas and 4 electric.
Overview
This oversized three-family brick home is located in Dyker Heights, Brooklyn. The building, formerly a four-family residence, features three gas and four electric meters. The property is in well-maintained condition and includes a large two-bedroom apartment and a one-bedroom apartment on the top floor. The first floor contains two one-bedroom apartments that can be converted into more bedrooms. A finished basement with a separate front entrance is also included. Numerous upgrades have been made throughout the building. The building size is 20x79 feet, situated on a 20x90 foot lot. The annual property tax is $10,006.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.07M
NOI $96,472 @ 9.00% cap · cautious / downside scenario
Moderate
$1.38M
NOI $96,472 @ 7.00% cap · market / base-case scenario
Aggressive
$1.93M
NOI $96,472 @ 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 Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.0k | $56.64 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $175.4k | $55.51 |
| − OpEx | −$78.9k | −$24.98 |
| NOI | $96.5k | $30.53 |
3,160 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,472 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,154 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.001812
- Latitude
- 40.621886
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained, multi-family home in Dyker Heights, Brooklyn.
Where is this apartment building located?
The property is located at 6915 14th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Oversized 3‑family brick home in Dyker Heights.; Potential to convert back to a 4‑family configuration.; Finished basement with separate front entrance.
