$5,500,000
9 bd · 10 ba · 4,600 sqft
206 Washington Park, Brooklyn, NY 11205
Multi-family · Built 1930 · $1,196/sqft ·
$29,901/mo est. payment
Flood factor 1/10
About this home
Inquire for setup sheet and interior photos Prime Fort Greene investment opportunity, offering a 10-unit multi-family brownstone with eight free-market apartments, decorative fireplaces, and a private backyard, directly overlooking the iconic Fort Greene Park. Overview: Annual Income: $327,955 Annual Operating Expenses: $65,013 Net Operating Income (NOI): $262,942 Cap Rate: 4.78% Total Units: 10 residential Unit Mix: 8 free-market / 2 rent-stabilized Building Size: 4,600 SF Building Dimensions: 23' x 50' Lot Dimensions: 23' x 100' With 80% free-market apartments, the property offers an attractive opportunity for investors seeking income growth through future upgrades and rent optimization. Positioned on Fort Greene Park, one of Brooklyn's most desirable residential settings, the property benefits from an exceptional location by Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a park-front multi-family asset with strong long-term investment fundamentals.
Facts and features
Bedrooms
- Bedrooms: 9
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 10
Other Property Info
- Source Listing Status: Active
- County: Brooklyn
- Source Property Type: Multi-Family
- Property Subtype: Multi-Family Home
- Source Neighborhood: Fort Greene
- Postal City: Brooklyn
Building and Construction
- Total Square Feet Living: 4600 Sq. Ft.
- Year Built: 1930
- Building Area Total: 1150
- Building Area Units: Square Feet
- Property Age: 96
- House Style: Other Style
- Prewar: Yes
Schools
- 6
Ps 20 Clinton Hill
elementary · K-5 · 0.1 mi
- 6
Urban Assembly Academy Of Arts And Letters
elementary · K-8 · 0.1 mi
- 10
Brooklyn Technical High School
high · 9-12 · 0.2 mi
William T Dillon Child Study Center
elementary · PK-K · 0.2 mi
- 10
Compass Charter School
elementary · K-5 · 0.1 mi
- 4
Ms 113 Ronald Edmonds Learning Center
middle · 6-8 · 0.1 mi
Price history
- Nov 4, 2026 · Listed$5,500,000
- Jun 26, 2025 · Listing Removed—
- Jun 18, 2025 · Listed For Rent$3,750
- Nov 24, 2020 · Listing Removed—
- Nov 2, 2020 · Listed For Rent$2,950
- Sep 10, 2018 · Listing Removed$2,299
- Sep 5, 2018 · Listed For Rent$2,299
- Jun 2, 2015 · Listing Removed$3,000
Tax history
- 2026$23,337 tax · $1,030,500 assessed
- 2025$22,492 tax · $1,030,500 assessed
- 2024$21,039 tax · $858,600 assessed
- 2023$19,119 tax · $847,800 assessed
- 2022$17,657 tax · $1,059,750 assessed
- 2021$17,703 tax · $1,246,950 assessed
- 2020$17,434 tax · $1,341,450 assessed
- 2019$16,326 tax · $1,280,700 assessed
Where it is
Listed by Amar Jehs · Corcoran Williamsburg Bedford · CorcoranGroup
