This four-family property presents a unique opportunity for investors and end-users looking to add value. The home includes a fully finished basement, offering additional usable space, as well as a private driveway for added convenience.
While the property has solid bones and a functional layout, it does require updates and improvements, making it ideal for buyers seeking a renovation project or value-add investment. Each unit is currently maintained, but there is significant potential to modernize and increase rental income.
With its generous configuration, there is also the possibility to convert the property into an eight-family dwelling (subject to proper approvals), further enhancing its income-producing potential.
This is a must-see opportunity for those looking to customize, expand, and unlock long-term value.
For sale
Price cut: $16K (6/3)
$1,159,000
688 Pennsylvania Avenue, Brooklyn, NY 11207
--beds
--baths
3,116sqft
Quadruplex, Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$372/sqft
$-- HOA
What's special
Fully finished basementPrivate driveway
- 83 days |
- 156 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Winzone Realty Inc 718-899-7000,
Neriya Borukhov 718-896-5555
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 994260
Facts & features
Interior
Heating
- Natural Gas, Steam
Cooling
- None
Features
- Eat-in Kitchen, Formal Dining
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,116
- Total interior livable area: 3,116 sqft
Property
Parking
- Parking features: Other
Lot
- Size: 2,470 Square Feet
Details
- Parcel number: 042980030
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick, Stone
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Other
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $372/sqft
- Tax assessed value: $155,700
- Annual tax amount: $10,756
- Date on market: 5/3/2026
- Cumulative days on market: 84 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Price change | $1,159,000-1.4%$372/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #994260 Report a problem | ||
| 5/3/2026 | Listed for sale | $1,175,000+173.3%$377/sqft |
Source: OneKey® MLS as distributed by MLS GRID #994260 Report a problem | ||
| 6/3/2011 | Listing removed | $430,000$138/sqft |
Source: FIRST CHOICE Report a problem | ||
| 3/3/2011 | Listed for sale | $430,000$138/sqft |
Source: FIRST CHOICE Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,810 +7.4% | $155,700 -8.7% |
| 2024 | $10,064 | $170,550 +8.6% |
| 2023 | -- | $157,050 +11.1% |
| 2022 | -- | $141,300 +7.9% |
| 2021 | -- | $130,950 +9.7% |
| 2020 | $8,338 +8% | $119,340 |
| 2019 | $7,724 | $119,340 +108.1% |
| 2018 | -- | $57,341 +8% |
| 2017 | $6,753 -1.3% | $53,094 |
| 2016 | $6,840 | $53,094 +3.3% |
| 2015 | $6,840 +66.2% | $51,421 +8% |
| 2014 | $4,115 | $47,633 +8% |
| 2013 | -- | $44,109 +8% |
| 2012 | -- | $40,842 |
| 2011 | -- | $40,842 +3.3% |
| 2010 | -- | $39,555 +8% |
| 2009 | -- | $36,641 +8% |
| 2008 | -- | $33,930 +8% |
| 2007 | -- | $31,417 |
| 2006 | -- | $31,417 +3.3% |
| 2005 | -- | $30,427 +8% |
| 2004 | -- | $28,186 +8% |
| 2003 | -- | $26,100 +8% |
| 2002 | -- | $24,167 |
| 2001 | -- | $24,167 +3.3% |
| 2000 | -- | $23,406 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: East New York
Nearby schools
GreatSchools rating
- 8/10Ps 213 New LotsGrades: PK-5Distance: 0.1 mi
- 8/10Van Siclen Community Middle SchoolGrades: 6-8Distance: 0.4 mi
- 5/10East New York Family AcademyGrades: 6-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Ps 13 Roberto Clemente
- Middle: Van Siclen Community Middle School
- High: W H Maxwell Career And Tech Hs
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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