Detached-Garage
For Sale
$1,680,000
1334 E 15th Street, Brooklyn, NY 11230
Each residence has its own entrance, heating system, and hot-water system.
Property Size2,400 SF
Lot Size0.07 Acres
Price / SF$700
Days on Market27
Property Features for 1334 E 15th Street
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Lot size
0.07 Acres
Property subtype
Residential Income
Zoning
R4-1
Units
Unit Mix
1 x 4BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,686
Building Details
Building Size
2,400 SF
Year Built
1925
Units
1
Listing Agency:
Re/Max Edge
(718) 612-3088
Listed By:
Dazhi Su · License #10401312047
(646) 387-6277
Source:
Connieprofaci
Added: Sep 30
Changed: Oct 26
Last Checked: Oct 26 at 3:40AM
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 Re/Max Edge
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Investment Insights
Based on property information with market context.
This detached two-family property has a four-bedroom residence on the second floor and a three-bedroom residence on the first. The building also includes a full basement, a detached garage, and a private driveway. Separate entrances and independent heating and hot-water systems serve the two units. The property was built in 1925 and is zoned R4-1.
Located in Midwood, the property is a short distance from a subway station and the Ave M shopping district. The lot measures 32 by 100 feet.
Located in Midwood, the property is a short distance from a subway station and the Ave M shopping district. The lot measures 32 by 100 feet.
Key Highlights
- Two‑family layout with a 4‑bedroom upper unit and a 3‑bedroom lower unit
- Separate entrances, heating, and hot‑water systems for each unit
- 32x100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance, heating system, and hot-water system.
Where is this duplex located?
The property is located at 1334 E 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Two‑family layout with a 4‑bedroom upper unit and a 3‑bedroom lower unit; Separate entrances, heating, and hot‑water systems for each unit; 32x100 lot
