$3,249,000

1276 Broadway Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated payment $19,870/month

Total Views 1,199
-- Bed
-- Bath
4,626 Sq Ft
$702 Price per Sq Ft

Highlights

  • 5,928 Sq Ft lot
  • 3-minute walk to Gates Avenue
  • Back and Front Yard
  • Wood Flooring
  • Baseboard Heating

About This Home

Prime opportunity to develop up to 22 units, inclusionary or 17 units as of right. FAR of 4 built 2. The property is located in the Stuyvesant Heights section of Brooklyn. Can be delivered vacant. Additional office space with elevator to the basement with CofO. Currently 2 Fam with store and office.Mixed Use Property: 2 Residential units / 2 Commercial units Zoning: C-4-4L, EC-4Lot: 68x87.17 - 2980 sqftBuilding: 68x87.17 - 2 Stories - 4,626 sqft Residential Spaces2nd Floor: No Leases2 Bedroom - Rent: $2,000 pays own heat 3 Bedroom – Rent: $2,900 pays own heat

Listing Agent

Richard Dinerman

Peerless Properties Corp. Listed on: 05/23/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $26,000

Year Built

  • Built in 1931

Lot Details

  • 5,928 Sq Ft Lot
  • Lot Dimensions are 87 x 68
  • Irregular Lot
  • Back and Front Yard
  • Property is zoned C4-4L

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4,626 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Flooring

  • Wood
  • Carpet
  • Laminate

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 200+ Amp Service
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 1623

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $3,000
  • Utility Expense $1,000
  • Gross Income $132,000
  • Net Operating Income $100,200

Property Details

Property Type

Other

Est. Annual Taxes

$26,000

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 5916
  • Building Length: 87.00
  • Building Width: 68.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under
  • Commercial Features Interior: Elevator – Passenger
  • Confirmed By M L S Y N: Yes
  • Cross Street: Greene Av
  • Cross Street Name2: Ralph Av
  • Heat Delivery: Baseboard
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4626
  • Building Stories: 2
  • Street Name I D X: Broadway
  • Street Number I D X: 1276
  • Year Built: 1931
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpeting, Hardwood, Laminate
  • Lot Sq Ft: 5928

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Block
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 46
  • Roof: Asphalt/Tar

Utilities

  • Electric: 110 V, 200 Amp
  • Heating Fuel: Electric, Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3000.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 87
  • Lot Size Width: 68
  • Zoning: C4-4L

Rental Info

  • Rent Income: 11000

Multi Family

  • Annual Gross Expense: 31800.00
  • Annual Gross Income: 132000
  • Property Net Operating Income: 100200.00
  • Annual Utility Expenses: 1000.00

Tax Info

  • Flip Tax Amount: 26000.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $16,250 $492,300 $24,300 $468,000
2024 $16,250 $467,100 $24,300 $442,800
2023 $14,845 $433,350 $24,300 $409,050
2022 $13,772 $377,550 $24,300 $353,250
2021 $12,015 $192,825 $24,300 $168,525
2020 $9,011 $187,200 $24,300 $162,900
2019 $11,952 $156,060 $24,300 $131,760
2018 $11,177 $87,877 $16,420 $71,457
2017 $10,349 $81,369 $17,506 $63,863
2016 $9,713 $75,342 $17,844 $57,498
2015 $6,306 $75,342 $20,971 $54,371
2014 $6,306 $72,900 $24,300 $48,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $3,249,000 -4.4% $702 / Sq Ft
05/23/2025 05/23/25 For Sale $3,400,000 -- $735 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $49,500 --
Deed $49,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Commercial
Closed $138,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 492932

Brooklyn Board of REALTORS®

APN: 01623-0046

New York Kings County Brooklyn 11221 Bed-Stuy

1276 Broadway, Brooklyn, NY

This home is located at 1276 Broadway, Brooklyn, NY 11221 and is currently priced at $3,249,000, approximately $702 per square foot. This property was built in 1931. 1276 Broadway is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, Brooklyn Excelsior Charter School, and Excellence Girls Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Richard Dinerman
Listing Agent
Richard Dinerman
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Peerless Properties Corp.
(929) 556-6736