Brooklyn Two-Family Corner
815 Avenue Z Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Type:Duplex
Property size:
2,192 SFLot size:
0.05 AcresPrice / SF:
$499/SF- Added:
- May 19, 2026
- Days on Market:
- 53
- Last Refresh:
- Jul 10 at 10:06 am
Property Features for 815 Avenue Z
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,192 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10163
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent Mei Hua (Michelle) Dong License #10401364256 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 19, 2026
MLS# 501566
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.
Investment Insights
Based on property information with market context.
This well-maintained, semi-detached brick two-family corner property is located in South Brooklyn. The building, with dimensions of 23x52, is situated on a 23x100 lot. A private driveway provides parking for up to two cars. The first floor features a 2-bedroom, 1-bath apartment with a functional layout. The second floor offers a 3-bedroom, 2-bath apartment with generous living space and abundant natural light. The property is suitable for end-users, investors, or multi-generational living. The corner lot provides excellent sunlight and ventilation. The property is near shopping, restaurants, schools, parks, and everyday essentials. Public transportation is easily accessible, including the B and Q subway lines and multiple bus routes, facilitating commutes throughout Brooklyn and Manhattan. This property presents an opportunity to own a versatile, income-producing property in a convenient Brooklyn neighborhood. The property size is 2192 square feet and the lot size is 0.0528 acres.
Key Highlights
- Private driveway with parking for up to two cars.
- Two‑family property ideal for end‑users, investors, or multi‑generational living.
- Desirable corner lot providing excellent sunlight and ventilation.
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 | $111.8k | $51.00 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $109.7k | $50.03 |
| − OpEx | −$32.9k | −$15.01 |
| NOI | $76.8k | $35.02 |
2,192 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$959.6K – $1.28M
NOI $76,768 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$956.0K
$836.5K – $1.12M
NOI $66,919 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $127,048 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with parking in South Brooklyn.
Where is this duplex located?
The property is located at 815 Avenue Z Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Private driveway with parking for up to two cars.; Two‑family property ideal for end‑users, investors, or multi‑generational living.; Desirable corner lot providing excellent sunlight and ventilation.
