Welcome to 565 Eastern Parkway – A Remarkable Opportunity for Homeowners and Investors Alike!
This vacant 2-family townhouse offers exceptional potential for both personal use and income generation. Located on the iconic Eastern Parkway, this is a rare opportunity to create your dream home or maximize its investment potential in one of Brooklyn's most sought-after neighborhoods.
Boasting an impressive footprint, this is a great-sized townhouse with tremendous upside, making it the perfect opportunity to bring your contractor and vision to create a truly spectacular home tailored to your needs.
Key Features:
3-Story Townhouse: Three spacious living floors plus a full cellar, offering endless possibilities for redesign and customization.
Separate entrance for garden level apartment
Generous Dimensions: The building measures 20' × 50' on all four levels and sits on an expansive 20' × 100' lot.
Flexible Owner's Layout: An ideal opportunity to create a spacious owner's duplex on the upper floors while renting out the garden apartment for additional income to help offset your mortgage.
Excellent Investment Potential: A rare value-add opportunity in a prime Brooklyn location.
Additional Highlights:
Large front yard overlooking the picturesque Eastern Parkway
30-foot backyard
Just moments from the Nostrand Ave, Kingston Ave, and Franklin Ave subway stations
Surrounded by an abundance of restaurants, cafés, bars, and just minutes from Prospect Park
Offered at $1.895M, this is an exceptional opportunity to restore and customize a classic Brooklyn townhouse exactly to your taste. Whether you're an end user looking to create your forever home or an investor seeking a value-add project, 565 Eastern Parkway offers tremendous upside.
Don't miss this rare opportunity to bring your contractor and transform this property into something truly extraordinary
Active
Price cut: $55K (8/10)
$1,895,000
565 Eastern Pkwy, Brooklyn, NY 11216
6beds
3,000sqft
Multi Family
Built in 1901
-- sqft lot
$1,914,000 Zestimate®
$632/sqft
$-- HOA
What's special
Three spacious living floorsFull cellar
- 52 days
- 632
- 38
Zillow last checked:
Listing updated:
Listed by:
Lang Realty LLC 305-890-1374,
Rafael Gutnick
Source: StreetEasy,MLS#: S1837976
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Garden
Details
- Parcel number: 012620061
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1901
Community & HOA
Community
- Subdivision: Crown Heights
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $632/sqft
- Tax assessed value: $1,823,000
- Annual tax amount: $7,956
- Date on market: 7/13/2026
Estimated market value
$1,914,000
$1.82M - $2.01M
$4,292/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Price change | $1,895,000-2.8%$632/sqft |
Source: StreetEasy #S1837976 Report a problem | ||
| 7/13/2026 | Listed for sale | $1,950,000+34.5%$650/sqft |
Source: StreetEasy #S1837976 Report a problem | ||
| 6/9/2026 | Sold | $1,450,000$483/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,742 +2.6% | $109,380 +1.4% |
| 2024 | $7,546 | $107,880 +2.2% |
| 2023 | -- | $105,600 +7.3% |
| 2022 | -- | $98,460 -8.8% |
| 2021 | -- | $108,000 +1.1% |
| 2020 | $6,882 +3.8% | $106,800 +6.3% |
| 2019 | $6,627 +7.3% | $100,500 +240.2% |
| 2018 | $6,179 +8.8% | $29,539 +6% |
| 2017 | $5,681 +4.3% | $27,867 |
| 2016 | $5,449 | $27,867 +2.9% |
| 2015 | $5,449 | $27,094 +3.8% |
| 2014 | -- | $26,092 +6% |
| 2013 | -- | $24,616 +6% |
| 2012 | -- | $23,223 |
| 2011 | -- | $23,223 +2.9% |
| 2010 | -- | $22,579 +3.8% |
| 2009 | -- | $21,744 +6% |
| 2008 | -- | $20,514 +6% |
| 2007 | -- | $19,353 |
| 2006 | -- | $19,353 +2.9% |
| 2005 | -- | $18,816 +3.8% |
| 2004 | -- | $18,120 +6% |
| 2003 | -- | $17,095 +6% |
| 2002 | -- | $16,128 |
| 2001 | -- | $16,128 +2.9% |
| 2000 | -- | $15,680 |
Find assessor info on the county website






