Updated a year ago
Off Market
894 Greene Ave
Bedford Stuyvesant, Brooklyn | Stuyvesant Ave & Malcolm X Blvd
12 Rooms7 Beds4.5 Baths3,024 Square FeetMulti-Family
$2,400,000
floors / apts4 / 3
Lot Size18'x100'
Built Size18'x42'
ZoneR6B
Building TypeTownhouse
RE Taxes$4,848
Price Per SF
$794
Outdoor space and views
- Backyard
- Balcony
- Terrace
- East Exposure
- City Views
- Garden Views
Building Amenities
- Voice Intercom
Property Description for 894 Greene Ave
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.
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.
Building Details for 894 Greene Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts4/3
Transit and Citi Bike
Subway
Kosciuszko St
0.27 miles
Citi Bike
Lexington Ave & Stuyvesant Ave
0.08 miles
Lafayette Ave & Stuyvesant Ave
0.11 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 71388TH
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