Detached Duplex with Finished
For Sale
$1,130,000
1613 E 15th Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,130 SF
Lot Size0.04 Acres
Price / SF$1,000
Days on Market104
Property Features for 1613 E 15th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5B
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Interior features
A/C Unit - Wall, Refrigerator, Stove
Basement
Finished
Subdivision
Midwood
Standard status
Active
Size
1,130 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7157
Amenities
finished basement
Building Details
Year built
1920
Flooring type
Hardwood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
King Zone Realty Inc
Listed By:
Xiao Xian (Isabel) Zhen
(718) 871-0888
Added: May 22
Changed: Aug 30
Last Checked: Sep 2 at 6:06PM
MLS# 501704
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.
This detached duplex residence contains 1,130 square feet of interior space across a residential layout with four bedrooms and a finished basement. Hardwood flooring, wall-unit air conditioning, an asphalt roof, refrigerator, and stove are among the stated features. Built in 1920, the property is zoned R5B and occupies approximately 0.0439 acres.
A private driveway provides on-site parking. The property is located in Brooklyn near the B and Q subway lines, offering access to public transportation. Its configuration, basement space, and existing household features support continued residential use within the established neighborhood setting.
A private driveway provides on-site parking. The property is located in Brooklyn near the B and Q subway lines, offering access to public transportation. Its configuration, basement space, and existing household features support continued residential use within the established neighborhood setting.
Key Highlights
- Duplex residence with 1,130 square feet of property size
- Four‑bedroom layout with a finished basement
- Private driveway for on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,575
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,500
$791.5K
Cap Rate 7%
$565,357
$565.4K
Cap Rate 9%
$439,722
$439.7K
Market Conditions
NOI Build-Up for 1,130 SF
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.
Gross rent
$57.6K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$56.5K $50.03/SF
− OpEx
−$17.0K −$15.01/SF
NOI
$39.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,500
Cap Rate 7%
$565,357
Cap Rate 9%
$439,722
Alternative Uses
Best Use
Multifamily LT 5
$565.4K
$494.7K – $659.6K
NOI $39,575 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$492.8K
$431.2K – $575.0K
NOI $34,498 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$935.6K
$818.7K – $1.09M
NOI $65,495 @ 7.0% cap · market cap 5.80%
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
5,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Detached residential property with a finished basement, private driveway, and access to B and Q subway lines.
Where is this duplex located?
The property is located at 1613 E 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Duplex residence with 1,130 square feet of property size; Four‑bedroom layout with a finished basement; Private driveway for on‑site parking
