Brick Duplex with Finished
New
For Sale
$1,290,000
2220 E 15th St, Brooklyn, NY 11229
The two residences have matching two-bedroom layouts, while the basement adds finished rooms and a three-quarter bathroom.
Property Size2,016 SF
Price / SF$639.88
Days on Market7
Property Features for 2220 E 15th St
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,554
Amenities
fenced backyard
Building Details
Building Size
2,016 SF
Year Built
1925
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Metro Realty Professionals
Listed By:
Rui (Nancy) L Wu · License #10491203971
(718) 838-2600
Source:
Elliman
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 16 at 9:39AM
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 Metro Realty Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex, built in 1925, contains two residences, each with a living room, two bedrooms, a full bathroom, and a kitchen with dinette space. The first-floor unit is vacant; the upstairs unit is leased through April 2027. A finished basement has its own front entrance, a three-quarter bathroom, and additional rooms. Heating is served by two gas boilers, and the property has two water heaters, one replaced last year. A fenced backyard and private driveway complete the exterior.
At 2220 East 15th St in Brooklyn, the property is 1.5 blocks from the Avenue U business district and near the B and Q train lines. Walk Score is 94, Transit Score is 78, and Bike Score is 69.
At 2220 East 15th St in Brooklyn, the property is 1.5 blocks from the Avenue U business district and near the B and Q train lines. Walk Score is 94, Transit Score is 78, and Bike Score is 69.
Key Highlights
- Two residences, each with a living room, 2 bedrooms, full bathroom, and kitchen with dinette area
- First‑floor unit is vacant; second‑floor lease runs through April 2027
- Finished basement includes a front entrance, 3/4 bathroom, and rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,604
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,080
$1.4M
Cap Rate 7%
$1,008,629
$1.0M
Cap Rate 9%
$784,489
$784.5K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$102.8K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$100.9K $50.03/SF
− OpEx
−$30.3K −$15.01/SF
NOI
$70.6K $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 Rate 5%
$1,412,080
Cap Rate 7%
$1,008,629
Cap Rate 9%
$784,489
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.6K – $1.18M
NOI $70,604 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$879.2K
$769.3K – $1.03M
NOI $61,546 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,847 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,185
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have matching two-bedroom layouts, while the basement adds finished rooms and a three-quarter bathroom.
Where is this duplex located?
The property is located at 2220 E 15th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Two residences, each with a living room, 2 bedrooms, full bathroom, and kitchen with dinette area; First‑floor unit is vacant; second‑floor lease runs through April 2027; Finished basement includes a front entrance, 3/4 bathroom, and rooms
