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    223 15Th St Brooklyn, NY 11215

    For Sale
    $2,200,000

    Four-unit building in prime Park Slope location near Prospect Park.

    Lot size:
    0.03 Acres

    Property Features for 223 15Th St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1931

    Source: 5 Boro Realty Corp Agent Nina Sabag

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Park Slope Four-Unit Building

    Located in the heart of Park Slope, Brooklyn, 223 15th Street offers a four-story building configured as 4 residential units. The property provides flexibility for repositioning, renovation, or redevelopment. The building spans approximately 5,700 sq. ft. on a 20 ft by 71 ft lot. It is located within an R6B zoning district. Situated just three blocks from Prospect Park and minutes from the F, G, and R subway lines, this location offers convenience and long-term rental demand. This property is suitable for investors or developers seeking a value-add opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.989019
    Latitude
    40.665358

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building in prime Park Slope location near Prospect Park.
    Where is this quadplex located?
    The property is located at 223 15Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime Park Slope location, just three blocks from Prospect Park and close to shops, dining, and transit (F, G, R subway lines).; - Four-story building with four residential units, offering immediate flexibility for repositioning, renovation, or redevelopment.; - Significant interior space of approximately 5,700 sq. ft.
    (855) 305-3325
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    223 15Th St Brooklyn, NY 11215
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    Brooklyn, NY 11215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 15Th St Brooklyn, NY 11215
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