Homecrest Two-Family Home
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
Days on Market62
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 Agency
New World Realty Group LLC
(718) 872-6300
2074 E 14th St, Brooklyn, NY
Listed by
Stephanie Dong Chin
(718) 872-6300
Added: May 16 Checked: Jul 16 at 10:06 pm
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
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
