Detached Two-Family Income
1334 E 15th Street Brooklyn, NY 11230
1334 E 15th Street, Brooklyn, NY, 11230
$1,799,000
For Sale
$1,799,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,160 SF
Lot Size0.07 Acres
Price / SF$832.87
Days on Market53
Property Features for 1334 E 15th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 2
- Basement
- Full
- Standard status
- Active
- Size
- 2,160 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11686
Building Details
- Floors in Building
- 2
- Number of units
- 2
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Allan H. Zhu · License #10401257062
(718) 612-3088
Added: May 31 Updated: Jul 19 at 2:38PM Checked: Jul 22 at 12:06PM
MLS# 501882
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.
Investment Insights
Based on property information with market context.
Fully detached two-family residence on a private driveway in a prime Midwood setting. The property includes separate entry doors for each unit, a detached garage, and a full basement. Both units have their own heating and hot water systems, supporting true separation and convenience for occupants. The second-floor unit offers four bedrooms, while the first-floor unit provides three bedrooms, creating a functional split for a variety of tenant or family arrangements. The building and lot configuration also allow for reconfiguration depending on the buyer’s needs.
The home is located on a quiet block, with convenient access to nearby transit and the Ave M shopping district. Overall, it provides an owner-occupant or investor location that balances privacy at the property with quick reach to everyday amenities.
This is an attractive fit for buyers seeking a detached, separated two-family with upside through layout flexibility. With R4 zoning and room to explore redesign or alternative configurations, the property may appeal to investors focused on income continuity and operational simplicity, as well as owner-users who want space and control. Sold as is, it’s also well suited for buyers prepared to evaluate condition and finalize the path that best matches their leasing or reconfiguration goals.
The home is located on a quiet block, with convenient access to nearby transit and the Ave M shopping district. Overall, it provides an owner-occupant or investor location that balances privacy at the property with quick reach to everyday amenities.
This is an attractive fit for buyers seeking a detached, separated two-family with upside through layout flexibility. With R4 zoning and room to explore redesign or alternative configurations, the property may appeal to investors focused on income continuity and operational simplicity, as well as owner-users who want space and control. Sold as is, it’s also well suited for buyers prepared to evaluate condition and finalize the path that best matches their leasing or reconfiguration goals.
Key Highlights
- Fully detached 2‑family home in Midwood with private driveway
- Separate access: separate doors to each unit plus separate heating and hot water systems
- Unit layout: 4‑bedroom unit on the 2nd floor over a 3‑bedroom unit on the 1st floor
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 | $110.2k | $51.00 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $108.1k | $50.03 |
| − OpEx | −$32.4k | −$15.01 |
| NOI | $75.6k | $35.02 |
2,160 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.6K – $1.26M
NOI $75,647 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$942.0K
$824.3K – $1.10M
NOI $65,943 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.09M
NOI $125,194 @ 7.0% cap · market cap 6.96%
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 - Detached two-family home with private driveway, separate systems, and flexible layout for multiple income strategies.
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 $1,799,000.
What are key features of this property?
This property features: Fully detached 2‑family home in Midwood with private driveway; Separate access: separate doors to each unit plus separate heating and hot water systems; Unit layout: 4‑bedroom unit on the 2nd floor over a 3‑bedroom unit on the 1st floor
