Two-Family Duplex with
New
For Sale
$1,952,000
1732 E 15th Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size2,304 SF
Lot Size0.06 Acres
Price / SF$847.22
Days on Market2
Property Features for 1732 E 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5B
Bedrooms
7
Bathrooms
5
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 1
Patio and Porch features
Porch
Interior features
Central Air - Split, Dishwasher, Laundry Area, Porch, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Homecrest
Standard status
Active
Size
2,304 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7410
Amenities
eat-in kitchen
hardwood floors
Passover/work kitchen
playroom
laundry room
washer/dryer in unit
front porch
backyard
split unit heat/AC
gas boiler
security cameras
solar panels
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Kim Stavrach
(718) 676-1755
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 6:06AM
MLS# 505499
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.
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Investment Insights
Based on property information with market context.
This semi-detached two-family home contains 2,304 square feet on a 25-by-100-foot lot. The residences have hardwood floors and eat-in kitchens; the upper apartment also includes an office and an in-unit washer and dryer. The lower residence has laundry, a playroom, and additional basement space. A front porch, backyard, two-car garage, and parking are part of the property. Split-unit heating and air conditioning, a gas boiler, security cameras, solar panels, updated electrical service, and a recently installed roof are also noted.
The property is zoned R5B, with a stated FAR of 0.92/1.35 and a maximum build of 3,374 square feet. The building dates to 1925. Possession may be delivered vacant or with month-to-month tenancy.
The property is zoned R5B, with a stated FAR of 0.92/1.35 and a maximum build of 3,374 square feet. The building dates to 1925. Possession may be delivered vacant or with month-to-month tenancy.
Key Highlights
- Two‑family property with 2,304 square feet of building area
- 25‑by‑100‑foot lot; 0.0574 acres
- R5B zoning; FAR 0.92/1.35 and stated maximum build of 3,374 square feet
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
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences, a two-car garage, and backyard parking support a range of household arrangements.
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‑family property with 2,304 square feet of building area; 25‑by‑100‑foot lot; 0.0574 acres; R5B zoning; FAR 0.92/1.35 and stated maximum build of 3,374 square feet
