Two-Family Brownstone with
New
For Sale
$1,700,000
225 Prospect Avenue, Brooklyn, NY 11215
Residential Income, Brooklyn, NY
Property Size2,304 SF
Lot Size0.05 Acres
Price / SF$737.85
Days on Market2
Property Features for 225 Prospect Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6-B
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
On Street
Interior features
Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Park Slope
Standard status
Active
APN
01052-0062
Size
2,304 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6296
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
private backyard
Building Details
Year built
1899
Floors in Building
3
Number of units
2
Building materials
Brick
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Elyse Rivera
(917) 217-0599
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2605978
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This attached brick duplex in Brooklyn contains 2,304 square feet and was built in 1899. The main residence has three bedrooms across the first and second floors, while a separate one-bedroom apartment occupies the third floor. A renovated eat-in kitchen opens to the backyard, and the home also has a new bathroom. The 0.0481-acre lot includes a fenced outdoor space.
The property is at 225 Prospect Avenue, between 16th and 17th Streets and near Fourth and Fifth Avenues. Prospect Park, neighborhood restaurants, bakeries, shopping, and transit connections are identified nearby. The property is zoned R6-B.
The property is at 225 Prospect Avenue, between 16th and 17th Streets and near Fourth and Fifth Avenues. Prospect Park, neighborhood restaurants, bakeries, shopping, and transit connections are identified nearby. The property is zoned R6-B.
Key Highlights
- Two residences: a three‑bedroom main home and a separate one‑bedroom third‑floor apartment
- 2,304 square feet in an attached brick building
- Built in 1899
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,690
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,800
$1.6M
Cap Rate 7%
$1,152,714
$1.2M
Cap Rate 9%
$896,556
$896.6K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$117.5K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$115.3K $50.03/SF
− OpEx
−$34.6K −$15.01/SF
NOI
$80.7K $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%
$1,613,800
Cap Rate 7%
$1,152,714
Cap Rate 9%
$896,556
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,690 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$1.00M
$879.2K – $1.17M
NOI $70,339 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,540 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,625
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate third-floor residence complements the three-bedroom main home, with R6-B zoning and a fenced outdoor area.
Where is this duplex located?
The property is located at 225 Prospect Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom main home and a separate one‑bedroom third‑floor apartment; 2,304 square feet in an attached brick building; Built in 1899
