894 Greene Avenue
Description
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...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 façade, 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.
Amenities
- Deck
- Exposed Brick
- High Ceilings
- Walk Up
- Central AC
- Stainless Steel Appliances
- Voice Intercom
- Video Intercom
Property Details for 894 Greene Avenue
| Status | Temporarily Off Market |
|---|---|
| Days on Market | 3 |
| Taxes | $404 / month |
| Maintenance | - |
| Min. Down Pymt | 25% |
| Total Rooms | 11.5 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1899 |
| Lot Size | 1,800 SF / 18' x 100' |
| County | Kings County |
| Buyer's Agent Compensation | 1% |
Building
894 Greene Ave
Location
Building Information for 894 Greene Avenue
Payment Calculator
$11,370 per month
30 year fixed, 6.15% Interest
$10,966
$404
$0
Property History for 894 Greene Avenue
| Date | Event & Source | Price |
|---|---|---|
| 07/24/2025 | Temporarily Off Market Manual | — |
| 07/22/2025 | Listed (Active) Manual | $2,400,000 |
| 07/19/2025 | Listed (Active) Manual | $2,400,000 |
| 10/19/2021 | Sold Manual | $2,280,000 |
| 10/19/2021 | $2,280,000 +18.9% / yr | |
| 09/12/2021 | Contract Signed Manual | — |
| 08/17/2021 | Listed (Active) Manual | $2,199,500 |
| 05/03/2020 | Permanently Off Market Manual | — |
| 12/20/2019 | Temporarily Off Market Manual | — |
| 12/18/2019 | Listed (Active) Manual | $2,195,000 |
| 08/04/2019 | Permanently Off Market Manual | — |
| 05/07/2019 | Listed (Active) Manual | $2,195,000 |
| 03/08/2018 | $1,595,000 | |
| 01/30/2018 | $1,239,795 | |
| 01/23/2018 | $1,595,000 | |
| 01/18/2018 | $1,190,000 +4.6% / yr | |
| 10/12/2017 | $1,239,795 | |
| 08/07/2006 | $710,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 894 Greene Avenue
Schools near 894 Greene Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 26 Jesse Owens PublicPK to 5 | ||
Jhs 57 Whitelaw Reid Public6 to 8 | ||
The Brooklyn Academy Of Global Finance Public9 to 12 | ||
Madiba Prep Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Neighborhood Map and Transit
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