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69 Monroe Street
About This Property
This legal 2-family brownstone is ideally situated on a quiet, one-way, tree-lined street near the vibrant border of Bedford-Stuyvesant and Clinton Hill. Just two houses from the corner, the property offers timeless charm, flexible use, and significant upside for both end-users and investors.
With a 17.5-foot-wide facade, this brownstone includes additional FAR (Floor Area Ratio)-a rare advantage for those looking to expand vertically or reconfigure the layout to maximize living space. The current interior features modernized layout changes that provide flexibility for future improvements, while preserving the structure's historic appeal.
A fully paved backyard and spacious deck create a private outdoor setting perfect for entertaining or relaxing-an increasingly valuable feature in today's market.
The building offers flexibility for a variety of living or investment strategies. Whether you're considering living in one unit while generating income from the other, accommodating extended family, or exploring long-term rental opportunities, this property has strong potential. Inquire directly to learn more about current tenancy and rental value in the building.
The location offers easy access to dining, shopping, and transportation. Just two blocks away, Franklin Avenue/Fulton Street station provides C train service and connects to the Franklin Avenue Shuttle, which runs between Prospect Park and Eastern Parkway, offering seamless transfers to the 2 and 3 trains. This makes getting to Manhattan, Prospect Park, and cultural destinations across Brooklyn convenient and reliable.
Close by are neighborhood favorites such as Peaches, Saraghina, and Bar LunAtico, along with a wide selection of cafes, boutiques, grocery stores, and essential services along Nostrand Avenue. Fitness centers, the YMCA, and green spaces add to the area's appeal for those seeking both comfort and community.
This brownstone represents a unique opportunity to own a piece of Brooklyn's architectural legacy while customizing it to suit your vision-whether as a residence, investment, or both.
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Cap Rate Calculator
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 4, 2026 | Sold | ||
| Sold | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Relisted | $1,990,000 | |
| Relisted | |||
| Jan 5, 2026 | No longer available | - | |
| No longer available | |||
| Sep 13, 2025 | Price Decreased |
$2,100,000
↓ $175K
(7.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017