Two-Unit
New
For Sale
$1,700,000
225 Prospect Ave Unit A, Brooklyn, NY 11215
A third-floor one-bedroom residence complements the three-bedroom main home, with kitchen access to a private backyard.
Property Size2,304 SF
Price / SF$737.85
Days on Market5
Property Features for 225 Prospect Ave Unit A
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Amenities
private backyard
Building Details
Year Built
1899
Buildings
1
Construction
brownstone
Listing Agency:
Keller Williams Realty Staten Island
Listed By:
Elyse Rivera · License #10401256391
(917) 613-2591
Source:
Statenislandhomelistings
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Staten Island
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Investment Insights
Based on property information with market context.
This attached, two-family brownstone was built in 1899 and contains a three-bedroom main residence across the first and second floors, plus a separate one-bedroom residence on the third floor. The main home has a renovated eat-in kitchen with direct backyard access and a new bathroom. A private backyard completes the property’s residential layout.
The property is between 16th and 17th Streets, near Fourth and Fifth Avenues. Neighborhood restaurants, bakeries, shopping, transit connections, and Prospect Park are nearby.
The property is between 16th and 17th Streets, near Fourth and Fifth Avenues. Neighborhood restaurants, bakeries, shopping, transit connections, and Prospect Park are nearby.
Key Highlights
- Two‑family brownstone built in 1899
- Three‑bedroom main residence spans the first and second floors
- Separate one‑bedroom residence on the third floor
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
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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 third-floor one-bedroom residence complements the three-bedroom main home, with kitchen access to a private backyard.
Where is this duplex located?
The property is located at 225 Prospect Ave Unit A 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‑family brownstone built in 1899; Three‑bedroom main residence spans the first and second floors; Separate one‑bedroom residence on the third floor
