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.