**Prime Kensington 3‐Unit Dutch Colonial Property on oversized lot of 8000 sf With Exceptional Development Potential - Approx. 16,000 Buildable SF** (plans avialable upon request) Introducing a rare opportunity in the heart of **Kensington, Brooklyn** - a solid **3‐family home** situated on a highly desirable block, offering both immediate rental income and extraordinary long‐term upside. What truly elevates this offering and sets this property apart for other homes in the area is its remarkable development potential. With an estimated ~16,000 buildable square feet (subject to architeect and DOB Approval) This well‐maintained property features **three spacious residential units**, ideal for end‐users, investors, or those seeking a value‐add project. The layout provides flexibility for owner occupancy, strong rental demand, or full redevelopment. What truly sets this property apart is its **remarkable development potential**. With an estimated **~16,000 buildable square feet**, this site presents a unique chance for developers to create a boutique residential building, luxury rentals, condos, or a mixed‐use concept (subject to zoning verification). The property includes ample private parking a double car garage and aditional parking in the yard, a highly sought‐after amenity in this part of Brooklyn. The driveway and on‐site parking area comfortably accommodate multiple vehicles, providing convenience for current residents and future development plans. Currently generates high monthly income (contact for details)
Active
Price cut: $100K (6/16)
$4,048,000
504 Beverley Rd, Brooklyn, NY 11218
9beds
3,384sqft
Multi Family
Built in 1930
-- sqft lot
$2,585,600 Zestimate®
$1,196/sqft
$-- HOA
What's special
- 31 days |
- 98 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Y H Real Estate 646-339-5358,
Yakov Hershkowitz
Source: StreetEasy,MLS#: S1829277
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
- Full bathrooms: 6
- 1/2 bathrooms: 3
Interior area
- Total structure area: 3,384
- Total interior livable area: 3,384 sqft
Video & virtual tour
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Other, Terrace
- Exterior features: Courtyard, Balcony, Garden, Terrace
- Has view: Yes
- View description: City
Details
- Parcel number: 053570001
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Kensington
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $1,196/sqft
- Tax assessed value: $2,800,000
- Annual tax amount: $12,713
- Date on market: 5/20/2026
Estimated market value
$2,585,600
$2.15M - $3.05M
$4,347/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Price change | $4,048,000-2.4%$1,196/sqft |
Source: StreetEasy #S1829277 Report a problem | ||
| 6/7/2026 | Price change | $4,148,000-2.4%$1,226/sqft |
Source: StreetEasy #S1829277 Report a problem | ||
| 5/28/2026 | Price change | $4,248,000-1.2%$1,255/sqft |
Source: StreetEasy #S1829277 Report a problem | ||
| 5/20/2026 | Listed for sale | $4,298,000-13.9%$1,270/sqft |
Source: StreetEasy #S1829277 Report a problem | ||
| 11/9/2025 | Listing removed | $4,990,000$1,475/sqft |
Source: | ||
| 8/13/2025 | Listed for sale | $4,990,000-9.3%$1,475/sqft |
Source: | ||
| 7/26/2025 | Listing removed | $5,500,000$1,625/sqft |
Source: | ||
| 4/25/2025 | Listed for sale | $5,500,000-8.3%$1,625/sqft |
Source: | ||
| 8/2/2024 | Listing removed | $6,000,000$1,773/sqft |
Source: | ||
| 5/28/2024 | Listed for sale | $6,000,000+1526%$1,773/sqft |
Source: | ||
| 2/6/1997 | Sold | $369,000$109/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,713 +4.3% | $168,000 +21.8% |
| 2024 | $12,187 | $137,940 +13.4% |
| 2023 | -- | $121,620 +22.2% |
| 2022 | -- | $99,540 -8.8% |
| 2021 | -- | $109,140 +15.2% |
| 2020 | $11,301 +5.6% | $94,740 -5.4% |
| 2019 | $10,703 +1.2% | $100,140 +98% |
| 2018 | $10,578 +3.8% | $50,566 +1.2% |
| 2017 | $10,191 +10.5% | $49,991 +6% |
| 2016 | $9,222 | $47,162 +6% |
| 2015 | $9,222 +62.1% | $44,493 +5.6% |
| 2014 | $5,688 | $42,139 |
| 2013 | -- | $42,139 +1.1% |
| 2012 | -- | $41,660 +6% |
| 2011 | -- | $39,302 +6% |
| 2010 | -- | $37,078 +5.6% |
| 2009 | -- | $35,116 |
| 2008 | -- | $35,116 +1.1% |
| 2007 | -- | $34,717 +6% |
| 2006 | -- | $32,752 +6% |
| 2005 | -- | $30,899 +5.6% |
| 2004 | -- | $29,264 |
| 2003 | -- | $29,264 +0.5% |
| 2002 | -- | $29,130 +9% |
| 2001 | -- | $26,727 +11% |
| 2000 | -- | $24,083 |
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: Kensington
Nearby schools
GreatSchools rating
- 5/10Ps 179 KensingtonGrades: PK-5Distance: 0.2 mi
- 5/10Jhs 62 DitmasGrades: 6-8Distance: 0.4 mi
- 6/10Urban Assembly School for Leadership and EmpowermentGrades: 6-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Kings County
- New York
- 11218
- Brooklyn
- Kensington
- 504 Beverley Rd







