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894 Greene Avenue, Brooklyn, NY 11221

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For Sale

$2,400,000

7 beds • 4 baths • 3,024 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Townhouse
    Property type

  • Newly Listed
    Time on Century 21

  • $793.65
    Price per square foot

Explore this Property

Welcome to 894 Greene Avenue, a stately 3-family brick townhouse nestled in the heart of Bedford-Stuyvesant. This classic Brooklyn brownstone offers substantial in-place income, tenant stability, and value-add potential, making it a compelling investment in one of New York City's most dynamic neighborhoods. The property is fully occupied and generating $12,000/month in rental income, with tenants open to lease renewals at increased rents. Projected income rises to $12,650/month or $151,800 annually with conservative rent increases already under discussion. Perfect for a 1031 exchange, investor acquisition, or multi-generational ownership, this property is a true portfolio builder. It features a well-maintained facade, flexible unit layout, and a large owner's triplex. Situated on a quiet block with access to parks, cafes, and transportation. Financial & Rental Breakdown Current Monthly Rent Roll: $12,000 Projected Monthly Rent Roll: $12,650 Annual Projected Gross Income: $151,800 Configuration: - Owner's Triplex: $6,000 ? $6,250 projected - 2BR Unit: $3,000 ? $3,200 projected - 2BR Unit: $3,000 ? $3,200 projected Comparable Sales 1. **867 Greene Avenue** Sold for $2,375,000 in March 2025 - 4-family, renovated, similar footprint and block - Delivered partially vacant with garden access - Cap Rate at time of sale: 5.1% 2. **898 Lafayette Avenue** Sold for $2,450,000 in May 2025 - 4-family, clean condition, rented with long-term tenants - Slightly smaller square footage, similar rent roll potential - Closed at asking within 20 days Showings & Terms All units are tenant-occupied. Showings are available by appointment only, with 48 hours' notice. Serious inquiries only.
MLS# 11540347

Courtesy Of Compass

(917) 753-4315

Property Features

  • Architecture Style
    Other
  • View Type
    City

Map and Directions

Directions to 894 Greene Avenue, Brooklyn, NY 11221

Home seller CENTURY 21 Milestone Team Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Milestone Team Realty

(718) 291-7000
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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