1112 ALBEMARLE Road
About This Property
Long-time Brooklyn residents know about the stately mansions found along Albemarle Road, the park-like boulevard that forms the heart of this Landmarked neighborhood in Prospect Park South. 1112 Albemarle road was built in 1899 by famed developer Dean Alvord, who created a suburban like enclave in bustling Brooklyn, with huge homes and even bigger lots, this one at 8000 SF including a park-like backyard with mature trees and a long private driveway leading to a detached two-car garage.
The Queen Anne style home is over 5500 square feet, and retains many original features and woodwork. Stained glass windows, fireplaces, an enclosed front porch, a large foyer leading to an impressive central staircase (one of two), this home has features and idiosyncrasies that have been lost to time. The main level features imported french tile flooring and contains a number of large rooms and salons, including a formal dining room, living room, family room, library, sunroom, and a powder room as well as the large kitchen.
The second floor has 5 large bedrooms, all with at least two exposures and abundant closets, along with two full bathrooms. The third floor, in addition to two more bedrooms, contains the attic studio, a massive open space with 5 huge windows and soaring vaulted ceilings. Re-imagine this as an incredible primary bedroom, art studio, gym, office or playroom.
The basement offers additional space for storage as well as laundry. Mechanicals were updated in 2019, as was the roof.
The house has been in one family for decades and is ready to be transformed into whatever the next owners desire. The location is one of the most desirable in all of Brooklyn, near to prospect Park, with convenient subway access and great restaurants and cafes in adjacent Ditmas Park.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | Price Decreased |
$3,499,000
↓ $201K
(5.4%) | |
| Price Decreased | |||
| Jun 15, 2026 | Listed by Berkshire Hathaway HomeServices New York Properties | $3,700,000 | |
| Listed by Berkshire Hathaway HomeServices New York Properties | |||
| Sep 24, 2025 | No longer available | - | |
| No longer available | |||
| Sep 5, 2025 | Price Decreased |
$3,999,000
↓ $400K
(9.1%) | |
| Price Decreased | |||
| Sep 23, 2024 | Listed by 5 Boro Realty Corp | $4,399,000 | |
| Listed by 5 Boro Realty Corp | |||
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Discover the enchanting charm of 1112 Albemarle Rd, a mesmerizing home nestled on a picturesque tree-lined block in the highly sought-after neighborhood. This stunning property boasts an expansive 8,000 sq ft lot, providing ample outdoor space for relaxation and recreation, while the impressive 5,492 sq ft building offers a perfect blend of elegance and functionality. Step inside to find a thoughtfully designed interior featuring an office room and a cozy library, ideal for both work and leisure. The home includes six spacious bedrooms, ensuring comfort and privacy for family and guests alike. With four full bathrooms and one half bath, this residence is designed to accommodate modern living with ease. Additional highlights include private parking and a dedicated garage, providing convenience and security. The surrounding neighborhood is known for its vibrant community atmosphere, proximity to local amenities, and easy access to parks, making it an ideal place to call home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017