Two-Bedroom Co-op
427 15th Street 2-D, Brooklyn, NY 11215
For Sale
New
$865,000
Pre-war residence with separated living and dining rooms, in-unit laundry hookup, and private basement storage.
Property Size800 SF
Price / SF$1,081
Days on Market6
Property Features for 427 15th Street 2-D
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
in-unit laundry hookup
private storage unit
laundry room
bicycle room
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Empire
Listed By:
Jean Marrone · License NY #10401276592
(718) 938-9568
Source:
Howardhannanyc
Added: Nov 10
Changed: Nov 14
Last Checked: Nov 14 at 11:30AM
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 Keller Williams Realty Empire
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.
This second-floor co-op apartment in a 1920 building offers 800 square feet, with two bedrooms and one bathroom arranged on opposite sides of the home. The layout separates the formal living room from the kitchen and dining area. Hardwood floors, exposed brick, and windows on three exposures bring natural light and character to the interiors. The windowed bathroom has been updated, and a linen closet contains an in-unit laundry hookup. A private basement storage unit transfers with the apartment.
The property is on 15th Street near Prospect Park’s Long Meadow entrance at Bartel-Pritchard Square and the 15th Street F/G subway station. The building is within the Park Slope Historic District Extension. Basement amenities include a shared laundry room and bicycle room; pets are permitted.
The property is on 15th Street near Prospect Park’s Long Meadow entrance at Bartel-Pritchard Square and the 15th Street F/G subway station. The building is within the Park Slope Historic District Extension. Basement amenities include a shared laundry room and bicycle room; pets are permitted.
Key Highlights
- 800‑square‑foot, two‑bedroom, one‑bathroom co‑op on the second floor
- Three exposures, hardwood floors, and exposed brick
- Separate living room and kitchen‑dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,423
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,460
$488.5K
Cap Rate 7%
$348,900
$348.9K
Cap Rate 9%
$271,367
$271.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$45.3K $56.64/SF
− Vacancy
−$906 −$1.13/SF
EGI
$44.4K $55.51/SF
− OpEx
−$20.0K −$24.98/SF
NOI
$24.4K $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 Rate 5%
$488,460
Cap Rate 7%
$348,900
Cap Rate 9%
$271,367
Alternative Uses
Best Use
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Brooklyn, NY
Properties on Market for Residential income properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war residence with separated living and dining rooms, in-unit laundry hookup, and private basement storage.
Where is this residential income property located?
The property is located at 427 15th Street 2-D Brooklyn, NY.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 800‑square‑foot, two‑bedroom, one‑bathroom co‑op on the second floor; Three exposures, hardwood floors, and exposed brick; Separate living room and kitchen‑dining area
