Brick Two-Family
For Sale
$1,198,000
4115 Manhattan Avenue, Brooklyn, NY 11224
Residential, Brooklyn, NY
Property Size2,200 SF
Lot Size0.07 Acres
Price / SF$544.55
Days on Market65
Property Features for 4115 Manhattan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Interior features
Laundry Area, Refrigerator, Terrace
Basement
Unfinished
Subdivision
Seagate
Standard status
Active
Size
2,200 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8130
Amenities
off-street parking
basement
Building Details
Year built
1910
Floors in Building
2
Flooring type
Parquet Wood
Building materials
Brick
Roof type
Flat
Listing Agency:
Empire State Realty Group
Listed By:
Waqas Azhar
(646) 932-4442
Added: Aug 18
Changed: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# 503883
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.
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Investment Insights
Based on property information with market context.
This 2,200-square-foot brick duplex contains two residential units, each with a living room, dining area, and kitchen. The first-floor unit includes an additional room, while the upper unit has its own side entrance. Parquet flooring is present through much of the home. A full, unfinished basement has separate exterior access, and gas heating serves the property. The lot measures 0.0702 acres, and the home was built in 1910.
The property is in Sea Gate, a gated waterfront community in Brooklyn, with beach access nearby. Coney Island beaches and boardwalk, local shops, dining, schools, and transportation are also in the surrounding area. Zoning is R3-1.
The property is in Sea Gate, a gated waterfront community in Brooklyn, with beach access nearby. Coney Island beaches and boardwalk, local shops, dining, schools, and transportation are also in the surrounding area. Zoning is R3-1.
Key Highlights
- 2,200 square feet of living space on a 0.0702‑acre lot
- Brick construction; built in 1910
- Two residential units, each with a living room, dining area, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,048
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,960
$1.5M
Cap Rate 7%
$1,100,686
$1.1M
Cap Rate 9%
$856,089
$856.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$112.2K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.1K $50.03/SF
− OpEx
−$33.0K −$15.01/SF
NOI
$77.0K $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%
$1,540,960
Cap Rate 7%
$1,100,686
Cap Rate 9%
$856,089
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.1K – $1.28M
NOI $77,048 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$959.5K
$839.6K – $1.12M
NOI $67,164 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate unit entrances and a shared driveway provide privacy and off-street parking.
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: 2,200 square feet of living space on a 0.0702‑acre lot; Brick construction; built in 1910; Two residential units, each with a living room, dining area, and kitchen
