Brick Duplex with Separate
For Sale
$1,198,000
4115 Manhattan Avenue, Brooklyn, NY 11224
Two residential units have distinct entrances, plus an additional room and an unfinished basement.
Property Size2,222 SF
Lot Size0.07 Acres
Price / SF$539.15
Days on Market35
Property Features for 4115 Manhattan Avenue
General Information
Standard status
Active
Size
2,222 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,295
Amenities
First Floor Bedroom
First Floor Full Bath
Primary Bathroom
Master Downstairs
Building Details
Building Size
2,222 SF
Year Built
1910
Units
2
Construction
brick
Listing Agency:
Empire State Realty Group NY
(347) 462-9500
Listed By:
Waqas Azhar
(347) 791-5872
Source:
Croninreale
Added: Sep 22
Changed: Oct 26
Last Checked: Oct 23 at 4:59PM
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 Empire State Realty Group NY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this brick duplex contains two separate residential units. Each has two bedrooms, a living room, dining area, and kitchen; the first-floor unit also includes an additional room. A side entrance serves the upper unit, and the unfinished basement has its own exterior access. Parquet flooring appears through much of the home, and gas heating serves the property. The 3,080-square-foot lot includes a shared driveway and off-street parking.
The home is in Sea Gate, a gated waterfront community near the beach. Coney Island beaches and boardwalk, as well as local shopping, dining, schools, and transportation, are also nearby.
The home is in Sea Gate, a gated waterfront community near the beach. Coney Island beaches and boardwalk, as well as local shopping, dining, schools, and transportation, are also nearby.
Key Highlights
- Brick duplex built in 1910
- Two separate two‑bedroom units, with an additional room in the first‑floor unit
- Upper unit has a separate side entrance; basement has exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,818
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,360
$1.6M
Cap Rate 7%
$1,111,686
$1.1M
Cap Rate 9%
$864,644
$864.6K
Market Conditions
NOI Build-Up for 2,222 SF
Gross rent
$113.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$111.2K $50.03/SF
− OpEx
−$33.4K −$15.01/SF
NOI
$77.8K $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%
$1,556,360
Cap Rate 7%
$1,111,686
Cap Rate 9%
$864,644
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$972.7K – $1.30M
NOI $77,818 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$969.1K
$847.9K – $1.13M
NOI $67,835 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,787 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have distinct entrances, plus an additional room and an unfinished basement.
Where is this duplex located?
The property is located at 4115 Manhattan Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Brick duplex built in 1910; Two separate two‑bedroom units, with an additional room in the first‑floor unit; Upper unit has a separate side entrance; basement has exterior access
