R5 Single-Family Development
For Sale
$1,695,000
299 Webster Avenue, Brooklyn, NY 11230
SINGLE_FAMILY - Brooklyn, NY
Property Size1,714 SF
Lot Size0.12 Acres
Price / SF$988.91
Days on Market59
Property Features for 299 Webster Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Garage - Attached
Basement
Unfinished
Subdivision
Flatbush
Standard status
Active
Size
1,714 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
9107
Building Details
Year built
1901
Floors in Building
2
Flooring type
Hardwood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Ideal Properties Realty, LLC
(718) 576-2663
Listed By:
Dalia Samouha
(718) 576-2663
Added: Jun 8
Changed: Aug 3
Last Checked: Aug 5 at 10:06PM
MLS# 502105
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This property is a 3-story single-family home configured on a 50x108 lot. It includes a private driveway and three garage spaces located in the rear, offering a practical layout for residential use.
The site is zoned R5, providing a residential development framework subject to architect and city approvals. The offering is positioned for builders and developers evaluating condominium or other residential development possibilities.
As reflected in the listing details, the property is currently maintained as a single-family structure while the R5 zoning supports exploration of redevelopment options, depending on approvals.
The site is zoned R5, providing a residential development framework subject to architect and city approvals. The offering is positioned for builders and developers evaluating condominium or other residential development possibilities.
As reflected in the listing details, the property is currently maintained as a single-family structure while the R5 zoning supports exploration of redevelopment options, depending on approvals.
Key Highlights
- 50x108 lot with R5 zoning; potential for condominium or residential development (subject to architect and city approvals)
- 3‑story single‑family home configuration with a private driveway
- Three garage spaces in the rear with attached garage parking
Financial Insights For Apartment 5plus
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 | $97.1k | $56.64 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $95.1k | $55.51 |
| − OpEx | −$42.8k | −$24.98 |
| NOI | $52.3k | $30.53 |
1,714 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$747.5K
$654.1K – $872.1K
NOI $52,327 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,343 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - R5-zoned single-family home on a 50x108 lot with private driveway and three rear garage spaces.
Where is this single family property located?
The property is located at 299 Webster Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 50x108 lot with R5 zoning; potential for condominium or residential development (subject to architect and city approvals); 3‑story single‑family home configuration with a private driveway; Three garage spaces in the rear with attached garage parking
