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For sale by owner
  • $2,399,500

    359 Monroe St, Brooklyn, NY 11221

    8beds
    4,470sqft
    Loading
    MultiFamily
    Built in 2007
    -- sqft lot
    $2,409,800 Zestimate®
    $537/sqft
    $-- HOA

    What's special

    Separate utilitiesHardwood floors throughoutSpacious layouts
    Rare opportunity to acquire a fully vacant legal 3-family brick building in a prime Bedford-Stuyvesant location near the Clinton Hill and Williamsburg borders. Built in 2007, this meticulously maintained property offers 8 bedrooms, 6 full bathrooms, approximately 3,361 sq ft of above-grade living space, plus a huge finished basement of approximately 1,109 sq ft, for a total usable interior space of approximately 4,470 sq ft. No tenant headaches. Delivered completely vacant and ready for immediate occupancy, leasing, furnished rentals, corporate housing, student housing, multi-generational living, or long-term investment. Modern construction means significantly lower maintenance than many century-old Brooklyn brownstones. Separate utilities, private backyard, and flexible layouts provide exceptional versatility for both investors and owner-occupants. Conveniently located near Manhattan, Williamsburg, universities, hospitals, shopping, dining, and public transportation. Proof of funds or mortgage pre-approval required prior to scheduling private showings. Showings and negotiations are conducted directly by the owner. PROPERTY HIGHLIGHTS Turn-Key & Vacant: Delivered 100% vacant at closing—set your own market rents from Day 1. Modern Construction (Built 2007): Enjoy the durability of a classic brick building without the headache and high maintenance of century-old brownstone upkeep. Spacious Layouts: 8 BR / 6 BA across three functional units featuring hardwood floors throughout and updated kitchens with granite countertops. Bonus Spaces: Includes a huge, fully finished basement and a rare, private backyard perfect for outdoor dining and entertaining. Tenant-Paid Utilities: Separate gas and electric meters for each unit, keeping landlord overhead exceptionally low. Furnished Flexibility: Turn-key furnished options are available (perfect for immediate mid-term rental or corporate housing operations). PROVEN INVESTMENT POTENTIAL Since its acquisition, this property has been highly successful as both a traditional unfurnished rental and a premium furnished rental. It boasts a proven track record of strong, consistent demand from high-quality tenant pools, including: Young professionals & corporate tenants Graduate students & visiting academics Medical professionals from nearby healthcare centers LOCATION, LOCATION, LOCATION Nestled on a beautiful, quiet, tree-lined Bed-Stuy block, the property offers the quintessential Brooklyn lifestyle while remaining highly accessible. Tenants and owners alike will love being minutes away from local universities, top-tier hospitals, bustling neighborhood amenities, cafes, and multiple transit options for a quick, seamless commute into Manhattan. VERSATILITY AT ITS BEST Whether you are seeking: A high-yield, long-term portfolio asset A primary residence where your tenants pay your mortgage A multi-generational compound A turn-key co-living or corporate housing play ...359 Monroe Street delivers on every front. VIEWING REQUIREMENTS Due to high demand and the rare nature of this vacancy: Proof of funds or mortgage pre-approval is required prior to scheduling private showings. No exceptions.
    What the owner loves about this home
    No tenant headaches — delivered empty, ready to lease or occupy immediately Modern construction — lower maintenance than century-old brownstones Proven rental demand — young professionals, medical staff, academics, corporate tenants Flexible use — pure investment, owner-occupied, or multi-generational Outdoor space + finished basement — massive differentiator in Bed-Stuy Tree-lined block near transit, hospitals, universities, and Manhattan
    72 days
    |
    408
    |
    7
    |
    Listed by:

    Property Owner (929) 382-4879

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Baseboard, Gas
      Appliances
      • Included: Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator
      Features
      • Flooring: Carpet, Hardwood
      • Basement: Finished
      Interior area
      • Total interior livable area: 4,470 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: On-street
      Features
      • Exterior features: Brick
      • Has view: Yes
      • View description: City
      Lot
      • Size: 3,328 Square Feet
      Details
      • Parcel number: 018150069

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Roof: Other
      Condition
      • New construction: No
      • Year built: 2007

      Community & HOA

      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $537/sqft
      • Tax assessed value: $1,279,000
      • Annual tax amount: $8,894
      • Date on market: 6/1/2026

        Estimated market value

        $2,409,800

        $2.29M - $2.53M

        $4,765/mo

        Price history

        DateEventPrice
        6/6/2026Listed for sale$2,399,500+9.1%$537/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1010004 Report a problem
        7/11/2018Listing removed$2,199,000$492/sqft
        Source: Strategic Group Report a problem
        6/22/2018Price change$2,199,000-8.3%$492/sqft
        Source: Strategic Group Report a problem
        6/14/2018Price change$2,399,000-4%$537/sqft
        Source: Strategic Group Report a problem
        6/11/2018Listed for sale$2,499,000+204.8%$559/sqft
        Source: Strategic Group Report a problem
        5/10/2007Sold$820,000$183/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,894 +4.7%$76,740 +6.1%
        2024$8,493 $72,300 +13.1%
        2023-- $63,900 +9.1%
        2022-- $58,560 -8.8%
        2021-- $64,200 -15.7%
        2020$7,907 +6%$76,200 -9.6%
        2019$7,459 +7.3%$84,300 +153.6%
        2018$6,955 +8.8%$33,245 +6%
        2017$6,394 +4.2%$31,364
        2016$6,133 $31,364 +0.8%
        2015$6,133 +71.9%$31,129 +6%
        2014$3,569 $29,367 +6%
        2013-- $27,705 +6%
        2012-- $26,137
        2011-- $26,137
        2010-- $26,137
        2009-- $26,137 +1%
        2008-- $25,876 +1289.7%
        2007-- $1,862
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bedford-Stuyvesant

        Getting around

        93 / 100
        Walker's Paradise
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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