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637 VANDERBILT Street
About This Property
637 Vanderbilt Street Windsor Terrace, Brooklyn
Some opportunities are worth waiting for. Offered for the first time in more than 50 years, 637 Vanderbilt Street is a rare two-family home with extraordinary potential, situated on a beautiful tree-lined block just half a block from Prospect Park in the heart of Windsor Terrace.
Set on an oversized 16.67' x 150' lot, the property offers a remarkable combination of space, flexibility, and opportunity, including approximately 2,300 square feet of remaining buildable area. Whether envisioned as a grand single-family residence, a thoughtfully reimagined two-family home with income-producing potential, or an ambitious architectural transformation, the possibilities are compelling.
Beyond the home's existing footprint, an expansive backyard presents the opportunity to create an exceptional private outdoor retreat. Imagine lush landscaping, beautiful gardens, and generous spaces for dining, entertaining, and relaxing, a rare luxury in the heart of Brooklyn.
The location is equally special. Windsor Terrace has long been one of Brooklyn's most cherished residential neighborhoods, known for its quiet, tree-lined streets, strong sense of community, and effortless access to Prospect Park. With the park practically at your doorstep, morning walks, weekend bike rides, afternoons by the lake, and acres of open green space become part of everyday life. Beloved neighborhood restaurants, cafes, local shops, and convenient transportation add to the appeal of this exceptional setting.
Held by the same ownership for more than five decades, 637 Vanderbilt Street represents an increasingly rare opportunity to create something entirely your own in a neighborhood where properties of this nature seldom become available.
An exceptional location. Remarkable development potential. Endless possibilities.
637 Vanderbilt Street is ready for its next chapter.
All development potential and buildable square footage are approximate and subject to independent verification, applicable zoning regulations, and required approvals.
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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 |
|---|---|---|---|
| Oct 23, 2026 | Listed by Serhant | $1,895,000 | |
| Listed by Serhant | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017