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    Modern Townhouse in Prime Location Title is generated by Realmo AI

    272 Greene Ave, Brooklyn, NY 11238

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    For Sale
    $3,850,000

    Stunning 5-story, 2-family townhouse with parking in Clinton Hill.

    Type:Multi Family
    Property size:
    3,300 SF
    Price / SF:
    $1,166/SF
    Added:
    Apr 1, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 1 at 4:37 am

    Property Features for 272 Greene Ave

    General Information

    Standard status
    Active
    Size
    3,300 SF
    Property subtype
    Multi Family

    We can help!

    Listing Contact
    Jessica Henson

    Listing agent Jessica Henson

    Listing office

    Listing date Apr 1, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jessica Henson

    HighLights

    • Prime Clinton Hill location with excellent walk, bike, and transit scores (95, 76, and 100 respectively), near trendy restaurants, cafes, shops, and subway lines.
    • Modern, architect‑designed (Inès Lamunière) 2‑family townhouse with a striking all‑white stucco facade and expansive windows.
    • Income‑generating potential: Live in the upper triplex and rent out the lower duplex.
    • Includes a private garage for convenient parking or additional storage.
    • High‑end, minimalist interiors with concrete floors, white epoxy stairs, plaster walls, and floor‑to‑ceiling windows.
    • Energy‑efficient with an all‑electric split system, central air/heat, and triple‑glazed windows for sound reduction.

    Overview

    This new 5-story, 2-family townhouse with a garage is located in Clinton Hill. Designed by a Swiss architect, the property offers over 3,300 square feet of living space. The residence features an all-white stucco facade with expansive windows. Inside, concrete floors and stairs are finished in white epoxy, complemented by white plaster walls and floor-to-ceiling windows. The upper triplex unit, spanning 1,900 square feet with an entrance on Classon Avenue, includes 3 bedrooms and 3 baths. The first level has two bedrooms with views, and a full bath. The next floor features a large living area, a minimalist kitchen, a half bath, and a washer/dryer. The top floor offers a triangular bedroom and full bath, leading to a private rooftop terrace. The lower duplex unit, accessible from Greene Avenue, provides a private courtyard. This 1,400-square-foot unit has 2 bedrooms and 2.5 baths, featuring a 28’ x 15’ living area with a streamlined kitchen and a full bathroom overlooking the courtyard. The lower level includes spaces for sleeping or a home studio/office, a walk-in closet, a half bath, and a washer/dryer. The townhouse has an all-electric split system with central air and heat, and triple-glazed windows. The garage is adjacent to the Greene Avenue entrance. The two units can be combined to create a single-family home. The property is located on a tree-lined intersection in Clinton Hill, near restaurants, cafes, bars, shops, Pratt Institute, and subway lines. The location has a walk score of 95, a transit score of 100, and a bike score of 76.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.960174
    Latitude
    40.687188

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    FAQs

    What type of property is this?
    Duplex - Stunning 5-story, 2-family townhouse with parking in Clinton Hill.
    Where is this duplex located?
    The property is located at 272 Greene Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: Prime Clinton Hill location with excellent walk, bike, and transit scores (95, 76, and 100 respectively), near trendy restaurants, cafes, shops, and subway lines.; Modern, architect‑designed (Inès Lamunière) 2‑family townhouse with a striking all‑white stucco facade and expansive windows.; Income‑generating potential: Live in the upper triplex and rent out the lower duplex.
    (212) 913-9058
    We can help!
    Listing Contact
    Jessica Henson
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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