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:
- 8
- Last Refresh:
- May 26 at 7:06 am
Property Features for 815 Avenue Z
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2
- 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
- Hardwood, Tile
- 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.
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.
- Spacious 3‑bedroom, 2‑bath apartment on the second floor.
- Convenient location near shopping, restaurants, schools, and parks.
- Easy access to B and Q subway lines and multiple bus routes.
Overview
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.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$853.0K
NOI $76,768 @ 9.00% cap · cautious / downside scenario
Moderate
$1.10M
NOI $76,768 @ 7.00% cap · market / base-case scenario
Aggressive
$1.54M
NOI $76,768 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.963759
- Latitude
- 40.587182
Nearby Similar for Sale
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.
