Two-Family Brick Townhouse with
For Sale
$1,995,000
151 14th St, Brooklyn, NY 11215
Two-unit layout with private patio, rear garden, and full basement access on an R6B lot.
Property Size4,000 SF
Lot Size0.05 Acres
Price / SF$498.75
Days on Market54
Property Features for 151 14th St
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Zoning
R6B
Additional Details
Multifamily Units
2
Building Details
Year Built
1899
Listing Agency:
Century 21 Block & Lot R.E
(718) 768-4500
Listed By:
Gamal Hasan
(718) 768-4500
Source:
Elliman
Added: Jun 14
Changed: Jul 10
Last Checked: Aug 5 at 7:41AM
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 Century 21 Block & Lot R.E
Investment Insights
Based on property information with market context.
151 14th Street is a two-family brick townhouse configured as two well-defined units with an indoor-outdoor layout. The first-level unit offers a four-room plan with one bedroom and one full bath, with direct access to a private patio and an expansive rear garden. The upper-level unit also provides a four-room layout, featuring two bedrooms and one full bath. A full basement with both interior and exterior access adds flexible space for storage, recreation, or workspace, supporting long-term livability and future customization.
Set on a 20 x 100 lot with R6B zoning, the property allows approximately 4,000 buildable square feet, creating options for expansion, reconfiguration, or development depending on approvals. The home is located near the 4th Avenue–9th Street (F/G) and Prospect Avenue (R) subway stations, with proximity to Prospect Park and a range of nearby dining and shopping.
This property fits end-users who want a primary residence with rental income, as well as investors seeking a straightforward two-unit setup. It also presents a practical conversion path to a single-family home, supported by the existing unit layouts and the additional basement access.
Set on a 20 x 100 lot with R6B zoning, the property allows approximately 4,000 buildable square feet, creating options for expansion, reconfiguration, or development depending on approvals. The home is located near the 4th Avenue–9th Street (F/G) and Prospect Avenue (R) subway stations, with proximity to Prospect Park and a range of nearby dining and shopping.
This property fits end-users who want a primary residence with rental income, as well as investors seeking a straightforward two-unit setup. It also presents a practical conversion path to a single-family home, supported by the existing unit layouts and the additional basement access.
Key Highlights
- Two‑family brick townhouse with 4‑room first‑floor unit and 4‑room upper unit, each with its own bedrooms and full bath
- First‑level unit has direct access to a private patio and expansive rear garden
- Upper‑level unit includes four rooms with 2 bedrooms and 1 full bath
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 | $204.0k | $51.00 |
| − Vacancy | −$3.9k | −$0.97 |
| EGI | $200.1k | $50.03 |
| − OpEx | −$60.0k | −$15.01 |
| NOI | $140.1k | $35.02 |
4,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,816
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout with private patio, rear garden, and full basement access on an R6B lot.
Where is this duplex located?
The property is located at 151 14th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two‑family brick townhouse with 4‑room first‑floor unit and 4‑room upper unit, each with its own bedrooms and full bath; First‑level unit has direct access to a private patio and expansive rear garden; Upper‑level unit includes four rooms with 2 bedrooms and 1 full bath
