Two-Family Brick
New
For Sale
$1,290,000
2220 E 15th Street, Brooklyn, NY 11229
Residential, Colonial, Brooklyn, NY
Property Size2,016 SF
Lot Size0.04 Acres
Price / SF$639.88
Days on Market2
Property Features for 2220 E 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Interior features
Stove
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,016 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6554
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Flat
Architectural style
Colonial
Listing Agency:
Metro Realty Professionals
Listed By:
Jian (Carey) Yang
(718) 838-2600
Added: Oct 9
Last Checked: Oct 10 at 2:06AM
MLS# 505226
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 1925 brick duplex contains two apartments, each arranged with a living room, two bedrooms, a full bathroom, and a kitchen with a dinette area. The first-floor apartment is vacant; the upper apartment is leased through April 2027. A finished basement has its own front entrance, a three-quarter bathroom, and additional rooms. Two gas boilers and two water heaters serve the property, including one water heater replaced last year.
The 0.0413-acre property is at 2220 E 15th Street in Brooklyn, 1.5 blocks from the Avenue U business district and near the B and Q train lines. The first-floor footprint measures 18 x 60 feet, while the upper floor measures 18 x 52 feet. Exterior features include a fenced backyard and a private driveway accommodating 1–2 cars. The property is zoned R4.
The 0.0413-acre property is at 2220 E 15th Street in Brooklyn, 1.5 blocks from the Avenue U business district and near the B and Q train lines. The first-floor footprint measures 18 x 60 feet, while the upper floor measures 18 x 52 feet. Exterior features include a fenced backyard and a private driveway accommodating 1–2 cars. The property is zoned R4.
Key Highlights
- Two apartments, each with two bedrooms, a living room, kitchen with dinette area, and full bathroom
- First‑floor apartment is vacant; upper‑floor lease runs through April 2027
- Finished basement with front entrance, three‑quarter bathroom, and additional 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has two bedrooms, a living room, a kitchen with dinette area, and a full bathroom.
Where is this duplex located?
The property is located at 2220 E 15th Street 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 apartments, each with two bedrooms, a living room, kitchen with dinette area, and full bathroom; First‑floor apartment is vacant; upper‑floor lease runs through April 2027; Finished basement with front entrance, three‑quarter bathroom, and additional rooms
