1227 Dean St Brooklyn, NY 11216
Crown Heights NeighborhoodEstimated payment $17,144/month
Highlights
- Cooling Available
- 5-minute walk to Nostrand Avenue Station
- 1-Story Property
- Patio
About This Home
Welcome to 1227 Dean Street. A stately and fully renovated four-family brownstone in the heart of Crown Heights, blending historic charm with real investment potential.
The home measures 20.5x 50 and sits on a beautiful tree-lined block. The spacious owner's duplex spans the garden and parlor floors, offering three bedrooms, two full baths, and bright, open living spaces. Original brownstone details-mantels, woodwork, and moldings-have been carefully preserved throughout. The finished basement adds flexibility, perfect for a media room, gym, or home office. A large private garden offers rare outdoor space. Laundry is already installed. This unit is move-in ready and can be delivered furnished.
On the third floor, you'll find a fully renovated three-bedroom, one-bath apartment with bay windows and stainless steel appliances. It's currently rented for $4,250/month.
The top floor features two thoughtfully renovated one-bedroom units bringing in a combined $4,950/month. All tenants have signed leases, and there's potential to increase total rental income by at least $1,100/month. Fully rented, the building can bring in up to $18,000/month, delivering a 6.3% cap rate.
Location is unbeatable-just three blocks from the A and C trains, two blocks from local buses, and surrounded by popular restaurants, cafes, and groceries. Nostrand Avenue, right around the corner, brings energy to the area with local favorites and daily conveniences. Manhattan is just minutes away.
Whether you're an investor or looking to live in the duplex and rent the rest, 1227 Dean is a rare opportunity in one of Brooklyn's fastest-growing neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,612
Year Built
- Built in 1905
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100.00x20.00
Home Design
- Entry on the 1st floor
Interior Spaces
- 1-Story Property
- Decorative Fireplace
Bedrooms and Bathrooms
- 8 Bedrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
- Washer Hookup
Additional Features
- Patio
- Cooling Available
Community Details
- Crown Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0016 / 01824
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,474 | $353,250 | $4,500 | $348,750 |
| 2024 | $15,474 | $393,300 | $4,500 | $388,800 |
| 2023 | $14,321 | $362,700 | $4,500 | $358,200 |
| 2022 | $13,486 | $364,950 | $4,500 | $360,450 |
| 2021 | $13,323 | $429,300 | $4,500 | $424,800 |
| 2020 | $4,465 | $345,600 | $4,500 | $341,100 |
| 2019 | $9,228 | $323,460 | $4,500 | $318,960 |
| 2018 | $8,619 | $67,765 | $1,131 | $66,634 |
| 2017 | $7,981 | $62,747 | $1,235 | $61,512 |
| 2016 | $7,930 | $61,508 | $1,334 | $60,174 |
| 2015 | $4,863 | $56,954 | $1,475 | $55,479 |
| 2014 | $4,863 | $56,286 | $1,617 | $54,669 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | For Sale | $3,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,700,000 | -- | |
| Deed | $1,650,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,430,000 | Unknown | |
| Previous Owner | $1,559,500 | Purchase Money Mortgage | |
| Previous Owner | $390,500 | Unknown |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20032783
APN: 01207-0057
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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