237 Bainbridge Street presents a strong opportunity to acquire a newly constructed 8-family multifamily building in the heart of Brooklyn. Built in 2013, the property spans approximately 5,989 square feet and sits within a 30-foot-wide building, offering a desirable mix of one- and two-bedroom residences.
The property benefits from high in-place income, very low expenses, and annual real estate taxes of $11,231, supported by a 421A tax abatement in place through 2031. Upon expiration of the abatement period, future ownership may have the opportunity to increase rents or explore a potential condominium conversion, subject to applicable approvals. Located just a 5-minute walk from the A/C subway lines, 237 Bainbridge offers excellent access, strong investment fundamentals, and a highly compelling option for 1031 exchange buyers.
Active
$3,800,000
237 Bainbridge St, Brooklyn, NY 11233
8beds
5,989sqft
Multi Family
Built in 2013
-- sqft lot
$3,690,000 Zestimate®
$634/sqft
$-- HOA
What's special
- 12 days |
- 134 |
- 7 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Douglas Elliman 718-708-3350,
Shai Bernstein,
Noam Gottlieb
Source: StreetEasy,MLS#: S1835346
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 10
- Full bathrooms: 8
- 1/2 bathrooms: 2
Rooms
- Room types: Bike Room
Cooling
- Central Air
Appliances
- Included: Dishwasher
- Laundry: Inside
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 5,989
- Total interior livable area: 5,989 sqft
Property
Features
- Patio & porch: Other, Deck
- Exterior features: Balcony, Garden, Private Roof Deck
- Has view: Yes
- View description: City, Garden
Details
- Parcel number: 016820070
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 2013
Community & HOA
Community
- Subdivision: Stuyvesant Heights
HOA
- Has HOA: Yes
- Amenities included: Laundry, Roof Deck
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $634/sqft
- Tax assessed value: $1,632,000
- Annual tax amount: $11,220
- Date on market: 6/24/2026
Estimated market value
$3,690,000
$3.51M - $3.87M
$4,191/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Listed for sale | $3,800,000+1.3%$634/sqft |
Source: StreetEasy #S1835346 Report a problem | ||
| 11/5/2016 | Listing removed | $3,750,000$626/sqft |
Source: Douglas Elliman #2425597 Report a problem | ||
| 10/1/2016 | Price change | $3,750,000-6.3%$626/sqft |
Source: Douglas Elliman #2425597 Report a problem | ||
| 5/23/2016 | Listed for sale | $4,000,000+1500%$668/sqft |
Source: Douglas Elliman Report a problem | ||
| 3/10/2016 | Listing removed | $2,100 |
Source: Zillow Rental Network Report a problem | ||
| 1/20/2016 | Price change | $2,100-14.3% |
Source: Zillow Rental Network Report a problem | ||
| 1/12/2016 | Price change | $2,449+2.1% |
Source: brooklyn Report a problem | ||
| 12/24/2015 | Price change | $2,399-5.9% |
Source: Postlets Report a problem | ||
| 12/9/2015 | Price change | $2,550+21.4% |
Source: Postlets Report a problem | ||
| 9/1/2015 | Price change | $2,100-12.5% |
Source: Zillow Rental Network Report a problem | ||
| 8/22/2015 | Price change | $2,400+0% |
Source: Postlets Report a problem | ||
| 6/12/2015 | Price change | $2,399+14.2% |
Source: Postlets Report a problem | ||
| 4/11/2014 | Price change | $2,100+5% |
Source: Owner Report a problem | ||
| 3/7/2014 | Price change | $2,000-9.1% |
Source: Owner Report a problem | ||
| 2/5/2014 | Listed for rent | $2,200 |
Source: leo match Report a problem | ||
| 6/14/2012 | Sold | $250,000+6.4%$42/sqft |
Source: Public Record Report a problem | ||
| 5/20/2009 | Sold | $235,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $43,202 +7.5% | $734,400 +20% |
| 2024 | $40,205 | $611,820 +20% |
| 2023 | -- | $509,850 +20% |
| 2022 | -- | $424,800 +25% |
| 2021 | -- | $339,750 +3% |
| 2020 | $2,357 | $329,850 +20% |
| 2019 | $2,357 | $274,860 +20% |
| 2018 | -- | $229,050 -5% |
| 2017 | $30,678 +1159.9% | $241,200 -5% |
| 2016 | $2,435 | $253,800 -20% |
| 2015 | $2,435 -0.6% | $317,250 -39.4% |
| 2014 | $2,449 | $523,861 +2748.6% |
| 2013 | -- | $18,390 +2.5% |
| 2012 | -- | $17,940 -5.1% |
| 2011 | -- | $18,900 |
| 2010 | -- | $18,900 -5.5% |
| 2009 | -- | $20,008 +6% |
| 2008 | -- | $18,876 +6% |
| 2007 | -- | $17,808 +6% |
| 2006 | -- | $16,800 +1.4% |
| 2005 | -- | $16,564 +7.9% |
| 2004 | -- | $15,356 +7.9% |
| 2003 | -- | $14,236 +8% |
| 2002 | -- | $13,182 |
| 2001 | -- | $13,182 +3.5% |
| 2000 | -- | $12,742 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bedford-Stuyvesant
Nearby schools
GreatSchools rating
- 5/10Ps 262 El Hajj Malik El Shabazz Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 8/10Ms 35 Stephen DecaturGrades: 6-8Distance: 0.4 mi
- 1/10Boys and Girls High SchoolGrades: 9-12Distance: 0.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Kings County
- New York
- 11233
- Brooklyn
- Bedford-Stuyvesant
- 237 Bainbridge St
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