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Large Brick Two-Family with Potential

33 Avenue V, Brooklyn, NY 11223

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For Sale

$1,500,000

Legal two-family with ADU potential, ideal for various uses.

Type:Multi Family

Property size:

3,015 SF

Price / SF:

$497/SF

HighLights

Legal 2‑family home with potential for a 3‑family ADU conversion (consult architect).
Excellent location: Walker's Paradise (walk score 95) and Rider's Paradise (transit score 91), walk to train, bus, shops, schools.
Large all‑brick building with 3015 sq ft of living space, 8 bedrooms, and 3 baths.
Suitable for various uses: large family, medical office, home office, investor, or end‑user seeking rental income.
Includes a 1‑car garage plus an additional off‑street parking space.
All units are vacant, allowing for immediate occupancy or renovation.

We can help!

Contact an agent

Carmela Hagan

Learn more

For Sale

$1,500,000

Legal two-family with ADU potential, ideal for various uses.

Type:Multi Family

Property size:

3,015 SF

Price / SF:

$497/SF

Added:: Apr 28, 2026
Days on Market:: 72
Last Refresh:: Apr 28 at 5:33 pm

Property Features for 33 Avenue V

General Information

Standard status: Active
Size: 3,015 SF
Property subtype: Multi Family

Building Details

Year Built: 1960

We can help!

Contact an agent

Carmela Hagan

Listing office SI Premiere Properties

Listing date Apr 28, 2026

Source Elliman

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 SI Premiere Properties

HighLights

Legal 2‑family home with potential for a 3‑family ADU conversion (consult architect).
Excellent location: Walker's Paradise (walk score 95) and Rider's Paradise (transit score 91), walk to train, bus, shops, schools.
Large all‑brick building with 3015 sq ft of living space, 8 bedrooms, and 3 baths.
Suitable for various uses: large family, medical office, home office, investor, or end‑user seeking rental income.
Includes a 1‑car garage plus an additional off‑street parking space.
All units are vacant, allowing for immediate occupancy or renovation.

Overview

This is a large, all-brick legal two-family property with the potential for an additional ground-level walk-in unit, possibly converting it into a three-family dwelling, subject to architectural consultation. The property is also suitable for a medical office or home office, offering excellent visibility. The ground level provides front, back, and interior access. The home features 3015 square feet of living space, with a total of 8 bedrooms and 3 baths. The layout includes 4 bedrooms over 3 bedrooms over 1 bedroom. It includes a 1-car garage and an additional off-street parking space. This property is suitable for a large extended family, doctor, medical professional, investor, flipper, builder, or end-user seeking high net rental income. The location provides convenient access to trains, buses, shops, and schools. All units are currently vacant. The bike score is 65, indicating it is bikeable. The walk score is 95, signifying it is a walker's paradise, and the transit score is 91, indicating it is a rider's paradise.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$153.8k	$51.00
− Vacancy	−$2.9k	−$0.97
EGI	$150.8k	$50.03
− OpEx	−$45.3k	−$15.01
NOI	$105.6k	$35.02

3,015 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,590 @ 7.0% cap · market cap 7.04%

Second Best

Apartment 5plus

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $92,045 @ 7.0% cap · market cap 6.14%

Theoretical Best

Specialty Retail

$2.50M

$2.18M – $2.91M (±1% cap)

NOI $174,749 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.98327
Latitude: 40.593945

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For sale
Duplexes
NY
Brooklyn
11223
33 Avenue V

What type of property is this?

Duplex - Legal two-family with ADU potential, ideal for various uses.

Where is this duplex located?

The property is located at 33 Avenue V Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Legal 2‑family home with potential for a 3‑family ADU conversion (consult architect).; **Excellent location**: Walker's Paradise (walk score 95) and Rider's Paradise (transit score 91), walk to train, bus, shops, schools.; **Large all‑brick building** with 3015 sq ft of living space, 8 bedrooms, and 3 baths.