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141 Schenectady Avenue
About This Property
An opportunity to transform it into an income-producing investment with two units. An opportunity to create a stunning single-family home that is waiting for your personal touch. Or make it both: an owners duplex with a rental unit to help defray costs.
Any which way you look at it, this spacious townhome and lot is an unpolished gem begging to have its brilliance brought to the fore. With two stories, a basement, and a large backyard, this existing property has the potential to become an amazing home! All it will take is vision, a contractor/architect, and the right offer. PLUS, for the developers out there, you may be able to add another floor due to unused air rights.
The current footprint of the townhouse is 19 ft x 52 ft; the lot is 19 ft x 90 ft.
As currently configured, there is a kitchen and bathroom on every floor (including the basement), and two bedrooms sit on the top floor. With these bones, theres plenty of space to create your dream home.
The backyard of this property is a standout feature, providing ample space for outdoor living and entertaining. The backyard allows for various opportunities to create a private oasis, including room for a garden, outdoor furniture, or even a jacuzzi! Those perfect New York City summer nights will be even more magical as you enjoy them with family and friends in your new private backyard - deck included!
Location is everything, and this property sits in a prime lot across from St. Johns Park, while also sitting between three subway lines across two stations: the A, C lines and the 2, 3, 4, 5 lines. This vibrant neighborhood is rapidly growing in popularity and is becoming one of the most sought-after areas in Brooklyn. Recently named by the New York Times as one of the most trending neighborhoods for 2025, youll be close to some of the citys best restaurants, cafes, and bars, as well as beautiful parks and cultural attractions.
Dont regret missing the opportunity to turn this property into something exceptional. Schedule a showing today!
The bottom two floors will be delivered vacant at closing. There is a non-stabilized tenant on the top-floor through 12/2025.
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Listed by Keller Williams NYC | $995,000 | |
| Listed by Keller Williams NYC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017