Duplex with Detached
For Sale
$1,188,000
2227 E 15th Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size998 SF
Lot Size0.03 Acres
Price / SF$1,190
Days on Market148
Property Features for 2227 E 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2
Interior features
A/C Unit, Laundry Area, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Homecrest
Standard status
Active
Size
998 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5521
Amenities
skylight
hardwood floors
finished basement
shared driveway
detached garage
Building Details
Number of units
2
Flooring type
Hardwood, Tile
Listing Agency:
New World Realty Group LLC
Listed By:
Stephanie Dong Chin
(718) 872-6300
Added: May 16
Changed: Oct 10
Last Checked: Oct 10 at 10:06AM
MLS# 501501
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 semi-detached duplex in Brooklyn is currently occupied as a one-family residence. The 998-square-foot home has four bedrooms and three bathrooms, with hardwood and tile flooring, a skylight in the living room, and another in an upstairs bedroom. A full-length finished basement adds recreational space. The property also includes a shared driveway and a detached garage.
The home is near the Avenue U and Neck Road train stations, with Q train service and the B3 bus also in the surrounding area. Its zoning is R4, and the lot measures 0.0344 acres.
The home is near the Avenue U and Neck Road train stations, with Q train service and the B3 bus also in the surrounding area. Its zoning is R4, and the lot measures 0.0344 acres.
Key Highlights
- Two‑family home currently used as a one‑family residence
- 998 square feet with 4 bedrooms and 3 bathrooms
- Full‑length finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,952
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,040
$699.0K
Cap Rate 7%
$499,314
$499.3K
Cap Rate 9%
$388,356
$388.4K
Market Conditions
NOI Build-Up for 998 SF
Gross rent
$50.9K $51.00/SF
− Vacancy
−$967 −$0.97/SF
EGI
$49.9K $50.03/SF
− OpEx
−$15.0K −$15.01/SF
NOI
$35.0K $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%
$699,040
Cap Rate 7%
$499,314
Cap Rate 9%
$388,356
Alternative Uses
Best Use
Multifamily LT 5
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$435.3K
$380.9K – $507.8K
NOI $30,468 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$826.3K
$723.1K – $964.1K
NOI $57,844 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - The residence is configured with four bedrooms, three bathrooms, and a finished basement.
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: Two‑family home currently used as a one‑family residence; 998 square feet with 4 bedrooms and 3 bathrooms; Full‑length finished basement
