Large Brick Two-Family with
33 Avenue V Brooklyn, NY 11223
For Sale
$1,500,000
Legal two-family with ADU potential, ideal for various uses.
Property Size3,015 SF
Price / SF$497.51
Days on Market91
Property Features for 33 Avenue V
General Information
Standard status
Active
Size
3,015 SF
Property subtype
Multi Family
Building Details
Year Built
1960
Listing Agency:
SI Premiere Properties
(718) 667-6400
Listed By:
Carmela Hagan
(718) 667-6400
Source:
Elliman
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 27 at 11:49AM
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 SI Premiere Properties
Investment Insights
Based on property information with market context.
This is a large, all-brick legal two-family property with the potential for an additional ground-level walk-in unit, possibly converting it into a three-family dwelling, subject to architectural consultation. The property is also suitable for a medical office 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. The layout includes 4 bedrooms over 3 bedrooms over 1 bedroom. It includes a 1-car garage and an additional off-street parking space. This property is suitable for a large extended family, doctor, medical professional, investor, flipper, builder, or end-user seeking high net rental income. The location provides convenient access to trains, buses, shops, and schools. All units are currently vacant. The bike score is 65, indicating it is bikeable. The walk score is 95, signifying it is a walker's paradise, and the transit score is 91, indicating it is a rider's paradise.
Key Highlights
- Legal 2‑family home with potential for a 3‑family ADU conversion (consult architect).
- Excellent location: Walker's Paradise (walk score 95) and Rider's Paradise (transit score 91), walk to train, bus, shops, schools.
- Large all‑brick building with 3015 sq ft of living space, 8 bedrooms, and 3 baths.
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 | $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 Uses
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family with ADU potential, ideal for various uses.
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: Legal 2‑family home with potential for a 3‑family ADU conversion (consult architect).; **Excellent location**: Walker's Paradise (walk score 95) and Rider's Paradise (transit score 91), walk to train, bus, shops, schools.; **Large all‑brick building** with 3015 sq ft of living space, 8 bedrooms, and 3 baths.
