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Four-Family Property with Basement
For Sale
$1,999,000

688 Pennsylvania Avenue, Brooklyn, NY 11207

Residential Income, Brooklyn, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market122

Property Features for 688 Pennsylvania Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement, Dining Room
Interior features Eat-in Kitchen, Formal Dining
Basement Full
Elementary school Ps 13 Roberto Clemente
Middle school Van Siclen Community Middle School
High school W H Maxwell Career And Tech Hs
Elementary school district Brooklyn 19
Middle school district Brooklyn 19
High school district Brooklyn 19
Standard status Active
APN 04298-0030
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10757

Utilities

Heating system Steam, Natural Gas
Water source Public

Building Details

Year built 1923
Number of units 4
Building materials Brick, Stone
Listing Agency: Winzone Realty Inc
Listed By: Neriya Borukhov · License #10401357643
Added: May 3 Changed: Sep 1 Last Checked: Sep 1 at 5:06AM
MLS# 994260

Copyright © 2026 OneKey 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.

Built in 1923, this four-family Brooklyn property sits on a 0.0567-acre lot with brick-and-stone construction. The building includes four residential units, a fully finished basement, an eat-in kitchen, and formal dining areas. A private driveway adds convenient access, while public water service and natural-gas steam heat support the property’s existing infrastructure.

Each unit is maintained, though the property requires updates and improvements. The finished basement provides additional usable space, and the existing configuration offers a foundation for a renovation project. Any conversion to an eight-family dwelling would require proper approvals.

Key Highlights

  • Four‑family property in Brooklyn
  • 0.0567‑acre lot with a private driveway
  • Fully finished basement with additional usable space

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,339
Businesses Nearby

Demographics for 11207, NY

100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - 1923 brick-and-stone building with a private driveway and finished basement space.
Where is this quadplex located?
The property is located at 688 Pennsylvania Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four‑family property in Brooklyn; 0.0567‑acre lot with a private driveway; Fully finished basement with additional usable space
More about this property
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