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Off market
  • $3,526,800

    398 Wythe Ave, Brooklyn, NY 11249

    6beds
    4,048sqft
    MultiFamily
    Built in 1899
    -- sqft lot
    $3,526,800 Zestimate®
    $871/sqft
    $7,747 Estimated rent

    Home value

    $3,526,800

    $2.93M - $4.23M

    $7,747/mo

    Zestimate® history
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    What's special

    Marcus & Millichap is pleased to present 398 Wythe Avenue in prime South Williamsburg, Brooklyn. The property is a legal 2 family, 4 story brick building that sits on a 22.17 x 90' lot in the heart of South Williamsburg. Each unit consists of 2 full floors and are 3 BR/2 BA units that have been very well maintained. The lower level unit has a 22' x 40' garden patio while the upper level unit has a terrace with views of the Williamsburg Bridge and Manhattan. The property is located 1 block from Domino Park and the Williamsburg Waterfront with phenomenal views of Manhattan. The surrounding area continues to boom with some of the best restaurants and nightlife in all of NYC within a stone's throw of the property. 398 Wythe is a short walk to the L train at Bedford Avenue as well as the JMZ trains on Marcy Avenue. The property is perfect opportunity for an owner/user that wants a live plus income building or an investor that wants immediate cash-flow with tremendous upside at a low price per square foot basis. Many comparable sales in the area have gone for well over $1,000 PSF. (Contact Listing Agent for more details) The property is also zoned R6/MX-8 which will allow for a a retail conversion. Please reach out to the listing agents to discuss further and schedule a tour.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Total interior livable area: 4,048 sqft

    Property

    Lot
    • Size: 1,890 Square Feet
    Details
    • Parcel number: 024410030

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1899

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $871/sqft
    • Tax assessed value: $3,719,000
    • Annual tax amount: $5,986

    Price history

    DateEventPrice
    6/18/2024Listing removed$3,990,000$986/sqft
    Source: StreetEasy #1527614977773247281 Report a problem
    6/8/2024Listing removed--
    Source: Zillow Rentals Report a problem
    5/21/2024Listed for rent$9,000$2/sqft
    Source: Zillow Rentals Report a problem
    4/9/2024Price change$3,990,000-3.3%$986/sqft
    Source: StreetEasy #1527614977773247281 Report a problem
    3/8/2024Listed for sale$4,125,000+65%$1,019/sqft
    Source: StreetEasy #1527614977773247281 Report a problem
    3/19/2021Sold$2,500,000-5.7%$618/sqft
    Source: Public Record Report a problem
    10/10/2020Listing removed$2,650,000$655/sqft
    Source: Marcus & Millichap Real Estate Investment Services Inc Report a problem
    8/28/2020Price change$2,650,000-10.2%$655/sqft
    Source: Marcus & Millichap Real Estate Investment Services Inc Report a problem
    7/9/2020Listed for sale$2,950,000-15.6%$729/sqft
    Source: Marcus & Millichap Real Estate Investment Services Inc Report a problem
    5/22/2020Listing removed$3,495,000$863/sqft
    Source: Marcus & Millichap Real Estate Investment Services Inc Report a problem
    1/14/2020Price change$3,495,000-9.2%$863/sqft
    Source: Marcus & Millichap Real Estate Investment Services Inc Report a problem
    11/4/2019Listed for sale$3,850,000+296.7%$951/sqft
    Source: Marcus & Millichap Real Estate Investment Services Inc Report a problem
    11/30/2004Sold$970,500+1337.8%$240/sqft
    Source: Public Record Report a problem
    9/17/1999Sold$67,500$17/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,986 +4.6%$223,140 +4.6%
    2024$5,721 $213,300 -6.4%
    2023-- $228,000 -8.7%
    2022-- $249,780 -8.8%
    2021-- $273,960 -17.5%
    2020$5,321 +5.9%$332,160 +25.8%
    2019$5,024 +7.2%$264,120 +1079.4%
    2018$4,685 +2.6%$22,394
    2017$4,565 +5.1%$22,394 +0.9%
    2016$4,342 $22,204 +6%
    2015$4,342 +70.4%$20,948 +5.9%
    2014$2,548 $19,780 +6%
    2013-- $18,662
    2012-- $18,662 +0.9%
    2011-- $18,504 +6%
    2010-- $17,457 +5.9%
    2009-- $16,484 +6%
    2008-- $15,552
    2007-- $15,552 +0.9%
    2006-- $15,420 +6%
    2005-- $14,548 +5.9%
    2004-- $13,737 +6%
    2003-- $12,960
    2002-- $12,960 +0.8%
    2001-- $12,851 +6%
    2000-- $12,124
    Find assessor info on the county website

    Neighborhood: Williamsburg

    Nearby schools

    GreatSchools rating