R5 Single-Family Development
299 Webster Avenue Brooklyn, NY 11230
For Sale
$1,695,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,714 SF
Lot Size0.12 Acres
Price / SF$988.91
Days on Market49
Property Features for 299 Webster Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R5
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1
- Parking features
- Garage - Attached
- Basement
- Unfinished
- 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: Jul 11
Last Checked: Jul 26 at 8:06PM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
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
