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Homecrest Two-Family Home Opportunity

2227 E 15th Street Brooklyn, NY 11229

2227 E 15th Street, Brooklyn, NY, 11229

$1,188,000

For Sale

$1,188,000

MULTI_FAMILY - Brooklyn, NY

Property Size998 SF

Lot Size0.03 Acres

Price / SF$1,190

AddedMay 16

Days on Market61

Last RefreshJul 15 at 9:06 am

Property Features for 2227 E 15th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R4
Bedrooms: 4
Bathrooms: 3
Rooms: Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Interior features: A/C Unit, Laundry Area, Refrigerator, Stove, Washer
Basement: Full, Finished
Standard status: Active
Size: 998 SF
Lot size: 0.03 Acres

Taxes and HOA fees

Tax Annual Amount: 5521

Building Details

Number of units: 2
Flooring type: Hardwood, Tile

Listing agent Stephanie Dong Chin

Listing office New World Realty Group LLC 2074 E 14th St, Brooklyn, NY

Listing date May 16, 2026

MLS# 501501 Listing URL

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.

Located in the Homecrest neighborhood of Brooklyn, this semi-detached two-family home is currently used as a one-family residence. The property features 4 bedrooms and 3 bathrooms. A spacious living room welcomes you with a skylight and hardwood floors throughout. The full-length basement is fully finished, offering recreational space. Additional features include a shared driveway and a detached garage. The property is conveniently located minutes from the Ave U and Neck Road train stations, and close to P.S. 206, P.S. 255, and J.H.S. 234 Arthur W. Cunningham. Nearby amenities include shopping, restaurants, parks, the Q train, and the B3 bus, all accessible from Avenue U. This property offers the opportunity to generate rental income. The lot size is 0.0344 acres and the property size is 998 square feet. The zoning is R4.

Key Highlights

Semi‑detached two‑family home currently used as a one‑family residence
4 bedrooms and 3 bathrooms, with hardwood floors and tile flooring throughout
Spacious living room with a skylight

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$50.9k	$51.00
− Vacancy	−$967	−$0.97
EGI	$49.9k	$50.03
− OpEx	−$15.0k	−$15.01
NOI	$35.0k	$35.02

998 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$499.3K

$436.9K – $582.5K (±1% cap)

NOI $34,952 @ 7.0% cap · market cap 2.94%

Second Best

Apartment 5plus

$435.3K

$380.9K – $507.8K (±1% cap)

NOI $30,468 @ 7.0% cap · market cap 2.56%

Theoretical Best

Specialty Retail

$826.3K

$723.1K – $964.1K (±1% cap)

NOI $57,844 @ 7.0% cap · market cap 4.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
NY
Brooklyn
11229
2227 E 15th Street

What type of property is this?

Duplex - Income-producing two-family home in Brooklyn's convenient Homecrest neighborhood.

Where is this duplex located?

The property is located at 2227 E 15th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,188,000.

What are key features of this property?

This property features: Semi‑detached two‑family home currently used as a one‑family residence; 4 bedrooms and 3 bathrooms, with hardwood floors and tile flooring throughout; Spacious living room with a skylight

2227 E 15th Street Brooklyn, NY 11229

MULTI_FAMILY - Brooklyn, NY

Property Features for 2227 E 15th Street

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

New Retail Condo with Indoor Parking

Retail Storefront with Operating Dry Cleaner

First-Floor and Cellar Commercial Condo

NNN Retail Strip with Parking

Storefront Condo with Parking

Retail and Office Building

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Move-In Ready Medical Office Condo

Incomplete Renovation Church Conversion

FAQs