Brick Duplex with Private
For Sale
$1,050,000
27 Paerdegat 15th Street, Brooklyn, NY 11236
Residential, Brooklyn, NY
Property Size2,945 SF
Lot Size0.05 Acres
Price / SF$356.54
Days on Market10
Property Features for 27 Paerdegat 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 5, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 3
Interior features
Central Air - Split
Basement
Finished, Full
Subdivision
Canarsie
Standard status
Active
Size
2,945 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8141
Building Details
Year built
1960
Floors in Building
2
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Re/Max Central
(732) 972-1000
Listed By:
Jose L. Paucar · License #10301219825
(917) 440-8360
Added: Sep 22
Changed: Sep 23
Last Checked: Oct 1 at 3:06PM
MLS# 504787
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 2-family duplex at 27 Paerdegat 15th Street includes 2,945 square feet of building area, 7 bedrooms, and 6 bathrooms. The 21' x 51' structure sits on a 21' x 100' lot and includes a lower level, full finished basement, two kitchens, hardwood flooring, a flat roof, and brick construction. Split-system heating and air conditioning units are installed throughout. The property was built in 1960 and is zoned R5.
The property is located in Brooklyn's Canarsie area, within ZIP Code 11236, and includes a private driveway and garage. It will be delivered completely vacant and is being sold strictly as-is, where-is. Portions of the property, including two kitchens and one bathroom, require complete renovation, providing a substantial repositioning project for an experienced buyer.
The property is located in Brooklyn's Canarsie area, within ZIP Code 11236, and includes a private driveway and garage. It will be delivered completely vacant and is being sold strictly as-is, where-is. Portions of the property, including two kitchens and one bathroom, require complete renovation, providing a substantial repositioning project for an experienced buyer.
Key Highlights
- 2,945 SF 2‑family duplex with 7 bedrooms and 6 bathrooms
- 21' x 51' building on a 21' x 100' lot
- Private driveway and garage included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,160
$1.8M
Cap Rate 7%
$1,284,400
$1.3M
Cap Rate 9%
$998,978
$999.0K
Market Conditions
NOI Build-Up for 2,945 SF
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.
Gross rent
$166.8K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$163.5K $55.51/SF
− OpEx
−$73.6K −$24.98/SF
NOI
$89.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,160
Cap Rate 7%
$1,284,400
Cap Rate 9%
$998,978
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $103,139 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,908 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.84M
NOI $170,692 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family property with brick construction, a garage, private driveway, and split-system heating and air conditioning.
Where is this duplex located?
The property is located at 27 Paerdegat 15th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,945 SF 2‑family duplex with 7 bedrooms and 6 bathrooms; 21' x 51' building on a 21' x 100' lot; Private driveway and garage included
