Two-Family Duplex with
New
For Sale
$1,952,000
1732 E 15th Street, Brooklyn, NY 11229
Two separate residences offer distinct living spaces, kitchens, and laundry facilities.
Property Size2,304 SF
Lot Size0.06 Acres
Price / SF$847.22
Days on Market4
Property Features for 1732 E 15th Street
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
2
Lot size
0.06 Acres
Property subtype
Multi-Family
Zoning
R5B
Additional Details
Multifamily Units
2
Amenities
laundry room
washer dryer in unit
front porch
backyard
security cameras
solar panels
Building Details
Year Built
1925
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Kim Stavrach · License #staim1078
(718) 676-1755
Source:
Movetonewjersey
Added: Oct 23
Last Checked: Oct 23 at 3:03AM
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 Brooklyn Residential R E Serv
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,304-square-foot duplex contains two residences. The first-floor home has three bedrooms and 1.5 baths, with three additional basement bedrooms, a second kitchen, playroom, laundry room, and full bath. The upper apartment includes four bedrooms, an office, separate living and dining rooms, an eat-in kitchen, and an in-unit washer and dryer. Hardwood floors are present in both units.
The property has a 25-by-100-foot lot, a two-car garage, additional parking, and a backyard. Improvements include a new roof, a renovated front porch, solar panels, security cameras, updated electrical service, and insulated, soundproofed floors. Heating and cooling are provided by split units, with a gas boiler also in place. The zoning is R5B, with FAR figures of .92/1.35 and a stated maximum build of 3,374 square feet. The property may be delivered with full possession or with month-to-month tenancy.
The property has a 25-by-100-foot lot, a two-car garage, additional parking, and a backyard. Improvements include a new roof, a renovated front porch, solar panels, security cameras, updated electrical service, and insulated, soundproofed floors. Heating and cooling are provided by split units, with a gas boiler also in place. The zoning is R5B, with FAR figures of .92/1.35 and a stated maximum build of 3,374 square feet. The property may be delivered with full possession or with month-to-month tenancy.
Key Highlights
- Two residences: a three‑bedroom first‑floor unit and a four‑bedroom upper apartment with an office
- 2,304‑square‑foot building on a 25‑by‑100‑foot lot
- First‑floor residence includes three additional basement bedrooms, a second kitchen, playroom, laundry room, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,690
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,800
$1.6M
Cap Rate 7%
$1,152,714
$1.2M
Cap Rate 9%
$896,556
$896.6K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$117.5K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$115.3K $50.03/SF
− OpEx
−$34.6K −$15.01/SF
NOI
$80.7K $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%
$1,613,800
Cap Rate 7%
$1,152,714
Cap Rate 9%
$896,556
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,690 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$1.00M
$879.2K – $1.17M
NOI $70,339 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,540 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,535
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
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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 - Two separate residences offer distinct living spaces, kitchens, and laundry facilities.
Where is this duplex located?
The property is located at 1732 E 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,952,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom first‑floor unit and a four‑bedroom upper apartment with an office; 2,304‑square‑foot building on a 25‑by‑100‑foot lot; First‑floor residence includes three additional basement bedrooms, a second kitchen, playroom, laundry room, and full bath
