A rare turnkey investment opportunity in the heart of Bedford-Stuyvesant. This fully renovated four-family brownstone delivers strong in-place income, modern upgrades throughout, and meaningful rent growth upside as several units remain below market — all on a quiet, tree-lined block just off the sought-after Lewis Avenue corridor.
Each of the four free-market apartments features well-proportioned layouts, hardwood floors, updated kitchens with stainless steel appliances and tile backsplash, renovated bathrooms, and in-unit washer/dryer. Original architectural details — including classic fireplace mantles — have been thoughtfully preserved, adding character that supports long-term tenant retention and rental stability.
The building has been meticulously maintained with upgraded mechanicals and efficient systems, keeping operating expenses lean and ownership hands-off. Gas is paid by tenants, further compressing the expense ratio. With current rents running below market across several units, a new owner captures immediate value-add potential through organic rent optimization on turnover.
At the asking price, the in-place financials reflect a compelling cap rate relative to comparable Bed-Stuy multifamily trades, with pro forma NOI providing additional yield compression as rents normalize to market. The low expense load, zero deferred maintenance, and fully occupied rent roll minimize execution risk and support a clean close — ideal for a 1031 exchange buyer, passive investor, or institutional portfolio seeking stabilized Brooklyn exposure.
Bedford-Stuyvesant continues to attract significant private and public investment, with sustained rent growth, tightening vacancy, and strong buyer demand underpinning long-term appreciation. 492 Monroe Street offers the full package: cash flow today, upside tomorrow, and a basis that works.
Select interior photos are virtually staged.
Active
$2,575,000
492 Monroe St #4FAM, Brooklyn, NY 11221
10beds
3,820sqft
Multi Family
Built in 1910
-- sqft lot
$2,507,100 Zestimate®
$674/sqft
$-- HOA
What's special
Classic fireplace mantlesRenovated bathroomsOriginal architectural detailsQuiet tree-lined blockHardwood floorsWell-proportioned layoutsTile backsplash
- 30 days |
- 276 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
FIND Real Estate 516-668-2987,
Tomer Shmuel,
Dani Ohayon
Source: StreetEasy,MLS#: S1826202
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Dishwasher, Washer/Dryer
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 3,820
- Total interior livable area: 3,820 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Garden
- Has view: Yes
- View description: Garden, Park/Greenbelt
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: Stuyvesant Heights
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $674/sqft
- Annual tax amount: $9,156
- Date on market: 5/26/2026
Estimated market value
$2,507,100
$2.38M - $2.63M
$4,519/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $2,575,000$674/sqft |
Source: StreetEasy #S1826202 Report a problem | ||
Public tax history
Tax history is unavailable.
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
- 3/10Ps 308 Clara CardwellGrades: PK-8Distance: 0.2 mi
- 1/10Boys and Girls High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Kings County
- New York
- 11221
- Brooklyn
- Bedford-Stuyvesant
- 492 Monroe St Unit 4FAM








