Sheepshead Bay Two-Family
15A Lake Ave Brooklyn, NY 11235
15A Lake Ave, Brooklyn, NY, 11235
$549,000
For Sale
$549,000
Two-family home in Sheepshead Bay, excellent investment opportunity.
Property Size738 SF
Lot Size0.04 Acres
Price / SF$743.90
Days on Market103
Property Features for 15A Lake Ave
General Information
- Standard status
- Active
- Size
- 738 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
Winzone Realty Inc
(718) 676-6611
Listed by
Iuliana B. Golimaz
(718) 676-6611
Source
Elliman
Added: Apr 10 Updated: Jul 10 at 12:40PM Checked: Jul 21 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Winzone Realty Inc
Investment Insights
Based on property information with market context.
Located in the heart of Sheepshead Bay, this well-maintained, fully detached bungalow-style two-family home presents an investment opportunity. Situated on a quiet dead-end street, the property is near Emmons Avenue. The first floor features a 1-bedroom, 1-bath walk-in apartment. The second floor offers a 2-bedroom layout with a full bathroom. Interior features include hardwood floors and storage with built-in shelving and organized closet space. Both units are currently rented with leases in place, making this a strong income-producing property with long-term investment potential. The home is situated on a 24x67 lot with an 18x41 building size. It is conveniently located near shopping, restaurants, and public transportation. Nearby dining and waterfront amenities are available along Emmons Avenue, with Manhattan Beach a short distance away. The property is located in a bikeable area with a score of 61, a very walkable area with a score of 87, and an area with excellent transit with a score of 72.
Key Highlights
- Prime Sheepshead Bay location, moments from Emmons Avenue.
- Detached 2‑family bungalow, offering investment and end‑user potential.
- Strong income‑producing property with existing tenant leases.
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 | $37.6k | $51.00 |
| − Vacancy | −$715 | −$0.97 |
| EGI | $36.9k | $50.03 |
| − OpEx | −$11.1k | −$15.01 |
| NOI | $25.8k | $35.02 |
738 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.2K
$323.1K – $430.8K
NOI $25,846 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in Sheepshead Bay, excellent investment opportunity.
Where is this duplex located?
The property is located at 15A Lake Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Prime Sheepshead Bay location, moments from Emmons Avenue.; Detached 2‑family bungalow, offering investment and end‑user potential.; Strong income‑producing property with existing tenant leases.
