Newly Built Bedford-Stuyvesant
408 MONROE St Brooklyn, NY 11221
408 MONROE St, Brooklyn, NY, 11221
$3,395,000
For Sale
$3,395,000
Luxurious two-family brick townhouse in prime Bedford-Stuyvesant location.
Property Size4,700 SF
Lot Size0.04 Acres
Price / SF$722.34
Days on Market121
Property Features for 408 MONROE St
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Listing agency
(646) 483-8600
Listed by
Daniel Kandinov · License #10401365105 (NY)
(646) 483-8600
Source
Elliman
Added: Mar 24 Updated: Jul 6 at 12:00PM Checked: Jul 21 at 8:46AM
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 Daniel Kandinov
Investment Insights
Based on property information with market context.
Located on a tree-lined street in Bedford-Stuyvesant, 408 Monroe Street is a newly built, two-family brick townhouse offering approximately 4,700 square feet of living space. The expansive residence features thoughtful design, premium finishes, and flexible functionality across five levels, including a private roof deck, a finished basement with direct interior and exterior access, and a landscaped zen garden. The parlor level features soaring ceilings, herringbone white oak floors, and natural light. The living and dining areas flow into a chef's kitchen with custom cabinetry, thick quartz island and countertops, a pot filler, a vented hood, and Bertazzoni and Dacor paneled appliances. A built-in wet bar, wall mounted wine display, and coffee station add convenience, while double sliding glass doors extend the living space onto a full-width deck overlooking the private backyard. A powder room with a floating stone vanity completes this level. The third floor offers a primary suite with garden views, a walk-in closet and dressing area, and a bathroom with a soaking tub, walk-in rainfall shower, smart toilet, and double vanities. A study overlooks Monroe Street, and three hallway closets complete the primary level. The top floor features a guest bedroom with a walk-in closet and en-suite bath, two additional bedrooms, a skylit bathroom, and a laundry room with a folding station. The private roof deck offers skyline and treetop views. The finished basement, accessible internally and from the exterior, has a full ceiling height and offers flexibility as a playroom, gym, home office, or creative studio, and includes a half bath and mechanical closet. The garden-level two-bedroom, one-bath apartment has a modern kitchen and in-unit washer/dryer, and is suited for additional income or a guest apartment, with seamless connection to the main unit. Additional features include Marvin windows, multi-zone Mitsubishi central air, Delta fixtures, smart home wiring with app-controlled lighting and security, and Bluetooth speakers. The property is located near the A and C trains and Citibike, offering access across Brooklyn and into Manhattan.
Key Highlights
- Newly built two‑family brick townhouse with approximately 4,700 sq ft of luxurious living space.
- Prime Bedford‑Stuyvesant location on a tree‑lined street near popular restaurants and transportation.
- Enjoy a private roof deck with skyline views, a landscaped zen garden, and a finished basement with interior/exterior access.
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 | $239.7k | $51.00 |
| − Vacancy | −$4.6k | −$0.97 |
| EGI | $235.1k | $50.03 |
| − OpEx | −$70.5k | −$15.01 |
| NOI | $164.6k | $35.02 |
4,700 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.35M
$2.06M – $2.74M
NOI $164,602 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,486 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$3.89M
$3.41M – $4.54M
NOI $272,412 @ 7.0% cap · market cap 8.02%
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 - Luxurious two-family brick townhouse in prime Bedford-Stuyvesant location.
Where is this duplex located?
The property is located at 408 MONROE St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: Newly built two‑family brick townhouse with approximately 4,700 sq ft of luxurious living space.; Prime Bedford‑Stuyvesant location on a tree‑lined street near popular restaurants and transportation.; Enjoy a private roof deck with skyline views, a landscaped zen garden, and a finished basement with interior/exterior access.
