The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,600,000
251 Stanhope St Unit 1
Brooklyn, NY, 11237
View more Brooklyn, NY property pages12Beds
6Baths
4,875Sqft
$328$/sqft
Listing Notes
This property is in excellent condition! A diamond. Great opportunity to own a six-unit multifamily building in Bushwick, Brooklyn. Located between Knickerbocker and Irving Avenue. Three-story building built at 25 ft x 100 ft lot, consisting of 4875 SF. 6 two bedroom units in pristine condition, lovely backyard plus finished basement. Possible duplex with backyard for end user. 5 units are RS and 1 RC. Annual income $114, 504.00 Great for investor or end user. The building is near restaurants, bars, cafes, and retail stores. This property boasts a prime location and excellent potential for growth Call for more info or to schedule a viewing.
Market Insights
Below nearby median-55%
$328/sqft vs a nearby median of $726/sqft.
Nearby median$726/sqft
Nearby properties12
Property size4,875 sqft
- -55% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 4,875 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.34M$3.04M – $3.65M · 50% confidence
vs ask $1.60M−$1.74M (−109.0%)
Asking price is about 109.0% below the fair value — likely to draw competing offers if it's still on market.
$726/sqft median across 8 tight comps × 4,875 sqft= $3.54M
- Open Class C HPD violations−$212k −6.0%
- Days-on-market gravity−$106k −3.0%
- Transit access+$88k +2.5%
- Pre-war character+$88k +2.5%
- Visible condition issues−$53k −1.5%
Cumulative NYC adjustments−$195k−5.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 739 days
- Last price change
- No change recorded
- Listed
- May 3, 2024
- Photos
- 13 photos
- Property type
- single family
- Status
- for sale
Features & Amenities
BasementTwo Or More Stories
Photos
Building Facts
- Year built
- 1931
- Stories
- 3
- Total units
- 6
- Residential units
- 6
- Building area
- 4,875 sqft
- Lot size
- 2,500 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C2
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,600,000for sale
Public Records
DOB violations3 open
4 total recorded against the building
HPD violations11 open
4 class C (immediately hazardous)
ACRIS documents20
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)27,921
Top: illegal parking
Top complaint types in ZIP 11237
- Illegal Parking3,351
- Noise - Street/Sidewalk3,250
- Noise - Residential2,735
- Blocked Driveway1,734
- Noise - Commercial1,619
Recent DOB
- Apr 6, 2018V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- May 15, 2014V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Feb 27, 2001V-DOB VIOLATION - ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Feb 7, 2000V-DOB VIOLATION - ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- Oct 21, 2024Class C · § 27-2031 ADM CODE PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LOCATED AT APT 3R, 3rd STORY, 2nd APARTMENT FROM WEST AT NORTH
- Oct 21, 2024Class C · § 27-2033 ADM CODE PROVIDE READY ACCESS TO BUILDINGS HEATING SYSTEM DOOR LOCKED AT BOILER ROOM
- Feb 11, 2024Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 3R, 3rd STORY, 2nd APARTMENT FROM WEST AT NORTH
- Feb 11, 2024Class B · § 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE VENTILATION AT CEILING IN THE BATHROOM LOCATED AT APT 3R, 3rd STORY, 2nd APARTMENT FROM WEST AT NORTH
Recent Transfers (ACRIS)
- Sep 24, 1997DEED
- Sep 2, 1969DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.