All-Brick Legal Two-Family
33 Avenue V, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property size:
3,015 SFLot size:
0.06 AcresPrice / SF:
$497/SF- Added:
- Oct 29, 2025
- Days on Market:
- 225
- Last Refresh:
- Jun 10 at 10:06 pm
Property Features for 33 Avenue V
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r5
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 1, Bathroom 1
- Interior features
- A/C Unit - Window
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,015 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1960
- Flooring type
- Hardwood
- Building materials
- Block, Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Carmela Hagan (718) 667-6400
Listing office SI Premiere Properties 62 Seguine Avenue 2nd floor, Staten Island, NY (718) 667-6400
Listing date Oct 29, 2025
MLS# 496985
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.
HighLights
- All‑brick legal 2‑family home with an additional ground‑level walk‑in (possible 3‑family ADU conversion—check with your architect)
- 3,015 sq ft of living space with 8 bedrooms and 3 total baths
- Unit layout includes 4 bedrooms over 3 bedrooms over 1 bedroom
- Ground level offers front, back, and interior access
- 1‑car garage plus an additional off‑street parking space
- Built in 1960 with block/brick construction, hardwood floors, asphalt roof, and window A/C units
Overview
This all-brick legal two-family home offers substantial, flexible interior space, with an additional ground-level walk-in that may support a possible three-family ADU conversion pending architectural review. The layout includes 8 bedrooms and 3 total bathrooms across the home, with bedroom configurations described as 4 bedrooms over 3 bedrooms over 1 bedroom. A one-car garage and an additional off-street parking space add practical convenience for tenants or occupants.
The property is described as having excellent visibility, and the ground level features front, back, and interior access to support straightforward entry and movement. Its ground-floor versatility also makes it well-suited to consider non-residential use such as a medical office or home office, subject to applicable requirements. The home is also noted as being within walking distance to train, bus, shops, and schools.
All units are vacant, which can appeal to investors, builders, and end users looking for flexibility from day one. The combination of a legal two-family base and a potential ADU pathway can fit multiple strategies, including rental income, owner occupancy with income, or a professional-use conversion like a doctor’s office, with final feasibility confirmed with your architect and local approvals.
The property is described as having excellent visibility, and the ground level features front, back, and interior access to support straightforward entry and movement. Its ground-floor versatility also makes it well-suited to consider non-residential use such as a medical office or home office, subject to applicable requirements. The home is also noted as being within walking distance to train, bus, shops, and schools.
All units are vacant, which can appeal to investors, builders, and end users looking for flexibility from day one. The combination of a legal two-family base and a potential ADU pathway can fit multiple strategies, including rental income, owner occupancy with income, or a professional-use conversion like a doctor’s office, with final feasibility confirmed with your architect and local approvals.
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 | $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
NOI $105,590 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,045 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,749 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.983292
- Latitude
- 40.593962
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - All-brick legal two-family with ground-level walk-in and flexible space for medical or home-office use, all units vacant.
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: All‑brick legal 2‑family home with an additional ground‑level walk‑in (possible 3‑family ADU conversion—check with your architect); 3,015 sq ft of living space with 8 bedrooms and 3 total baths; Unit layout includes 4 bedrooms over 3 bedrooms over 1 bedroom
