Partially Restored Two-Family
1191 Dean St Brooklyn, NY 11216
1191 Dean St, Brooklyn, NY, 11216
$2,999,500
For Sale
$2,999,500
MULTI_FAMILY - Brooklyn, NY
Property Size4,000 SF
Lot Size0.05 Acres
Price / SF$749.88
Days on Market127
Property Features for 1191 Dean St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Laundry Room, Bedroom 4
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5526
Building Details
- Floors in Building
- 3
Listing agency
5 BORO REALTY CORP
(917) 705-0005
Listed by
Nina Sabag
855-305-DEAL
Added: Mar 17 Updated: Jul 16 at 10:24PM Checked: Jul 21 at 11:06AM
MLS# 11674876
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1191 Dean St is a classic three-story Brooklyn townhouse configured as a two-family home. The property retains historic character, with original woodwork and intricate ceiling details among the features already restored. Approximately 65% of the restoration work has been completed, leaving room for a new owner to finish the renovation and tailor the final result to their preferences, whether as a primary residence with rental income or as a fully restored two-family investment.
The home is located in Crown Heights on a tree-lined block, in the heart of the neighborhood described as having nearby restaurants, cafes, parks, and cultural attractions. Public transportation access and convenient connectivity to Manhattan are noted as well.
For buyers, this is a renovation-forward opportunity for an end user, investor, or developer seeking a partially restored historic structure. The existing work and preserved architectural elements can support a straightforward plan to continue the restoration through to completion, while the two-family layout provides flexibility in how the property can be lived in and managed.
The home is located in Crown Heights on a tree-lined block, in the heart of the neighborhood described as having nearby restaurants, cafes, parks, and cultural attractions. Public transportation access and convenient connectivity to Manhattan are noted as well.
For buyers, this is a renovation-forward opportunity for an end user, investor, or developer seeking a partially restored historic structure. The existing work and preserved architectural elements can support a straightforward plan to continue the restoration through to completion, while the two-family layout provides flexibility in how the property can be lived in and managed.
Key Highlights
- Two‑family, three‑story Brooklyn townhouse at 1191 Dean Street, Brooklyn, NY 11216
- Approximately 65% of original historic restoration completed, including original woodwork and ceiling details
- Historic townhouse with generous living space across three floors and high ceilings
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.0k | $51.00 |
| − Vacancy | −$3.9k | −$0.97 |
| EGI | $200.1k | $50.03 |
| − OpEx | −$60.0k | −$15.01 |
| NOI | $140.1k | $35.02 |
4,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-story two-family townhouse with historic details already restored, offering a clear path to complete renovation.
Where is this duplex located?
The property is located at 1191 Dean St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,500.
What are key features of this property?
This property features: Two‑family, three‑story Brooklyn townhouse at 1191 Dean Street, Brooklyn, NY 11216; Approximately 65% of original historic restoration completed, including original woodwork and ceiling details; Historic townhouse with generous living space across three floors and high ceilings
