Brick Duplex with Shared
New
For Sale
$1,788,000
8694 15th Avenue, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size2,160 SF
Lot Size0.05 Acres
Price / SF$827.78
Days on Market2
Property Features for 8694 15th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3
Interior features
A/C Unit - Wall, Central Air - Split, Dishwasher, Laundry Area
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
2,160 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9812
Amenities
backyard
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Buildings
1
Listing Agency:
Brooklyn4U Rltyof DykerHeights
Listed By:
Gracie Borrometi
(718) 236-1800
Added: Oct 28
Last Checked: Oct 29 at 2:06AM
MLS# 505699
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 2,160-square-foot brick duplex was built in 1940 and contains two apartments, each with its own boiler and hot water heater. The first-floor residence has three bedrooms, a living room, dining room, and eat-in kitchen, along with a finished basement accessible from separate front and rear entrances. The second-floor apartment has two bedrooms, a living room, dining room, and kitchen. Hardwood and tile flooring, wall-unit air conditioning, split-system central air, a dishwasher, and a laundry area are among the interior features. The property also has a shared driveway and access to a backyard.
Located in Brooklyn, the property is zoned R4 and sits on a 0.0527-acre lot. The building is offered vacant and has a two-family configuration.
Located in Brooklyn, the property is zoned R4 and sits on a 0.0527-acre lot. The building is offered vacant and has a two-family configuration.
Key Highlights
- Two‑family brick property with 2,160 square feet of building area
- First‑floor unit has 3 bedrooms; second‑floor unit has 2 bedrooms
- Finished basement with separate front and rear entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,647
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,940
$1.5M
Cap Rate 7%
$1,080,671
$1.1M
Cap Rate 9%
$840,522
$840.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$110.2K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$108.1K $50.03/SF
− OpEx
−$32.4K −$15.01/SF
NOI
$75.6K $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%
$1,512,940
Cap Rate 7%
$1,080,671
Cap Rate 9%
$840,522
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.6K – $1.26M
NOI $75,647 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$942.0K
$824.3K – $1.10M
NOI $65,943 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.09M
NOI $125,194 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,948
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include individual heating and hot water systems, with a finished basement and backyard access.
Where is this duplex located?
The property is located at 8694 15th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: Two‑family brick property with 2,160 square feet of building area; First‑floor unit has 3 bedrooms; second‑floor unit has 2 bedrooms; Finished basement with separate front and rear entrances
