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for saleRealtyLens property overview
$2,000,000
216 Neptune Ave
Brooklyn, NY, 11235
View more Brooklyn, NY property pages9Beds
4.25Baths
1,620Sqft
$1235$/sqft
Listing Notes
Presenting an exceptional investment opportunity with 220 Neptune Ave, Brooklyn, NY 11235, offered as a package deal for $4,000,000. These semi-attached, two-story brick properties, each featuring two residential units, are sold as-is, providing a unique chance for renovation or redevelopment in the highly sought-after Brighton Beach neighborhood. With R6 zoning, a lot size of 1,943 sq. ft. per property, and a combined 3,240 sq. ft. of finished space, the potential for development is substantial. Built in 1925, these properties boast proximity to the beach, shopping centers, and public transit, making them ideal for investors or developers aiming to capitalize on the area's growth. Contact us today for more details or to schedule a showing!
Market Insights
Above nearby median+108%
$1235/sqft vs a nearby median of $595/sqft.
Nearby median$595/sqft
Nearby properties8
Property size1,620 sqft
- +108% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,620 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$954k$868k – $1.04M · 50% confidence
vs ask $2.00M+$1.05M (+52.3%)
Asking price is about 52.3% above where comps + adjustments land — there is room to negotiate.
$595/sqft median across 8 tight comps × 1,620 sqft= $964k
- Days-on-market gravity−$29k −3.0%
- Transit access+$24k +2.5%
- Pre-war character+$24k +2.5%
- Special flood hazard zone−$19k −2.0%
- Visible condition issues−$10k −1.0%
Cumulative NYC adjustments−$10k−1.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 items to check
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 490 days
- Last price change
- No change recorded
- Listed
- Jan 7, 2025
- Photos
- 2 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Sep 17, 1986 · $215,000
Features & Amenities
Two Or More StoriesInvestment OpportunityBeachShopping
Building Facts
- Year built
- 1925
- Stories
- 2
- Total units
- 2
- Residential units
- 2
- Building area
- 1,620 sqft
- Lot size
- 1,942 sqft
- Land use
- One and two family buildings
- Building class
- B1
From NYC public records where available.
Price History
May 4, 2026Initial record
$2,000,000for sale
Public Records
DOB violations0 open
0 total recorded against the building
HPD violations5 open
23 total recorded
ACRIS documents31
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)35,678
Top: illegal parking
Top complaint types in ZIP 11235
- Illegal Parking10,744
- Blocked Driveway3,107
- HEAT/HOT WATER2,354
- Noise - Residential2,049
- Dirty Condition870
Recent HPD
- May 5, 2026Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Jun 10, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Apr 11, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 22, 2023Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
Recent Transfers (ACRIS)
- May 30, 2023DEED
- Jan 12, 2023DEED, LE
- Aug 20, 1981DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.