RealtyLens
for saleRealtyLens property overview
$1,175,000

464 E New York Ave

Brooklyn, NY, 11225
View more Brooklyn, NY property pages
2Beds
1Baths
860Sqft
$1366$/sqft

Listing Notes

Development Opportunity in Wingate Bordering Prospect Lefferts Gardens Located at the intersection of vibrant Wingate and charming Prospect Lefferts Gardens, this 20 ft x 100 ft lot presents an exceptional opportunity for developers or end users with vision. Whether you're looking to build your dream residence or invest in a project with serious potential, this property delivers on all fronts. This legal two-family home, currently configured as a single-family, boasts a generous Residential FAR of 2.43 and Facility FAR of 4.8, allowing for a maximum usable floor area of 4, 860 square feet. With just 860 square feet currently built, there are over 4, 000 square feet of unused FARan ideal canvas for expansion or redevelopment. Set on a tree-lined street, the property enjoys the best of both worlds: the residential tranquility of Wingate and the vibrant culture of Prospect Lefferts Gardens. Just a short distance away is Hamlet Coffee Company, a local favorite known for its exceptional coffee and cozy neighborhood vibe, along with other shops, green spaces, and convenient transit options. Whether you're a seasoned developer in search of your next project or an end user ready to design a personalized home in one of Brooklyn's most promising enclaves, 464 E New York Ave is full of untapped potential.

Market Insights

Above nearby median+60%

$1366/sqft vs a nearby median of $853/sqft.

Nearby median$853/sqft
Nearby properties12
Property size860 sqft
  • +60% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 860 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$826k$738k$914k · 33% confidence
vs ask $1.18M+$349k (+29.7%)

Asking price is about 29.7% above where comps + adjustments land — there is room to negotiate.

$961/sqft median across 4 tight comps × 860 sqft= $826k
  • Visible condition issues−$41k −5.0%
  • Transit access+$21k +2.5%
  • Pre-war character+$21k +2.5%
Cumulative NYC adjustments+$0+0.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+60% vs nearby

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 MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
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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
41 days
Last price change
No change recorded
Listed
Apr 1, 2026
Photos
7 photos
Property type
multi family
Status
for sale

Features & Amenities

Outdoor SpaceDenShoppingFixer Upper

Photos

Building Facts

Year built
1899
Stories
2
Total units
2
Residential units
2
Building area
850 sqft
Lot size
2,000 sqft
Land use
One and two family buildings
Building class
B2

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,175,000for sale

Public Records

DOB violations0 open

0 total recorded against the building

HPD violations5 open

5 total recorded

ACRIS documents8

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)34,400

Top: heat/hot water

Top complaint types in ZIP 11225

  • HEAT/HOT WATER5,538
  • Illegal Parking3,881
  • Noise - Residential3,864
  • UNSANITARY CONDITION1,814
  • Noise - Street/Sidewalk1,654

Recent HPD

  • Apr 15, 2004Class A · SECTION 27-2005 ADMIN. CODE: REPLACE WITH NEW THE MISSING GLASS LOWER SASH WINDOW REAR ROOM 1ST STY. APT.
  • Apr 15, 2004Class A · SECTION 27-2013 ADMIN. CODE: PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT WALLS & CEILING THROUGHOUT 1ST STY. APT.
  • Apr 15, 2004Class A · SECTION 27-2005 ADMIN. CODE: PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOORING KITCHEN 1ST STY. APT.
  • Apr 15, 2004Class A · SECTION 27-2005 ADMIN. CODE: PROPERLY REPAIR THE BROKEN OR DEFECTIVE ELECTRIC LIGHT FIXTURES THROUGHOUT 1ST STY. APT.

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.