487 E 93rd Street, Brooklyn, NY 11212
FOR SALE

487 E 93rd Street
Brooklyn, NY 11212

Brownsville
  • Studio
  • 3,440 sqft

$1,200,000

Original price: $1,288,888
Est. Mortgage $6,656/mo*
Get Pre-Qualified

$1,200,000

Original price: $1,288,888
Est. Mortgage $6,656/mo*
Get Pre-Qualified
Studio
3,440 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Legal 4 Family + Legal Basement investment Opportunity *% cap Rate

INCREDIBLE INVESTMENT OPPORTUNITY!! PLEASE READ BELOW FOR NOI REPORT

Legal 4 family with legal 3 bedroom basement for additional income

Exceptional Four-Family Investment Property in East Flatbush

"THIS PROPERTY IS "S IS " TENANTS WONT ALLOW ACCESS

Discover an incredible investment opportunity with this well-maintained four-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location.

Property Features:
Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants.
Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential.
Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation.

**Recent Upgrades:
New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs.
New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants.

Prime Location:
Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options.
Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for tenants.

Investment Highlights:
Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income.
Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing
High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand.


INVESTMENT OPPORTUNITY ! 8 % CAP RATE ,BROWNSVILLE , FREE MARKET property in East Flatbush/BROWNSVILLE SECTION is a great investment... offering versatility, comfort, and an excellent location. It represents a prime investment opportunity with significant income potential. Don’t miss out on this chance to enhance your real estate portfolio.


PROPERTY DETAILS: TAXES $9457

• Multi-Family Property
• Two-story walk-up
• 5 Units
• Lot Size: 30 × 100ft
• Brand new boiler and plumbing throughout building

Expenses:
TAXES- $10,887
INSURANCE-$5,000
WATER-$3000
GAS-$3000 (HEAT & HOT WATER )
ELECTRIC-$1500

• Approximately $23,387

CURRENT RENT ROLL:

• Apt 1F: $2,040
• Apt 1R: $2,417
• Apt 2F: $3,385
• Apt 2R: $2,387
Leases expire march 2026

current up to date rent roll is $122,748 annual ( without basement included

• Basement: $2,500 performa currently vacant

• Annual gross Rent Roll: $122,748 NET OPERATING INCOME AFTER EXPENSE $99,361

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$349
Listed
37 days ago
Last check for updates: about 16 hours ago
Listing by: Exit Realty First Choice, (718) 380-2500
Steven S. Benshabat, (718) 380-2500
Source: OneKey® MLS as distributed by MLS GRID, MLS#983544
Also Listed on OneKey® MLS as distributed by MLS GRID.

Home Details for 487 E 93rd Street

Interior Features

Interior Details
Basement: Finished,See Remarks,Storage Space
Appliances & Utilities
Utilities: None
Heating & Cooling
Heating: OtherNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Other
Fireplace & Spa
No FireplaceNo Spa
Gas & Electric
Gas: Separate Gas Meters: 5
View
No ViewView: None

Exterior Features

Exterior Home Features
Fencing: Back Yard, BrickFoundation: Brick/MortarNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas Open ParkingParking Spaces: 3Parking: Driveway
Water & Sewer
Sewer: Other

Days on Market

Days on Market: 37

Property Information

Year Built
Year Built: 1930Year Renovated: 1930
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi FamilyArchitecture: Other
Building
Construction Materials: BrickNot Attached Property
Property Information
Condition: ActualParcel Number: 046900022

Price & Status

Price
List Price: $1,200,000Price Per Sqft: $349

Active Status

MLS Status: Active

Location

Direction & Address
City: Brooklyn
School Information
Elementary School: Ps 219 Kennedy-KingJr High / Middle School: Middle School For Art And PhilosophyHigh School: East Brooklyn Community High SchoolHigh School District: Brooklyn 18

Agent Information

Listing Agent
Listing ID: 983544

Building

Building Area
Building Area: 3440 Square Feet

Community

Not Senior Community

Lot Information

Lot Area: 3000 sqft

Listing Info

Special Conditions: None

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Business

Expense
Tenant Pays: Electricity, Gas

Miscellaneous

BasementMls Number: 983544Attic: NoneAttribution Contact: 718-380-2500Showing Requirements: 24 Hour Notice, Appointment Only, Call Listing Agent, Lockbox, Occupied, See Remarks

Price History for 487 E 93rd Street

DatePriceEventSource
04/13/2026$1,200,000PendingToActiveOneKey® MLS as distributed by MLS GRID #983544
10/30/2025$1,200,000PendingOneKey® MLS as distributed by MLS GRID #853176
09/17/2025$1,200,000PriceChange
OneKey® MLS as distributed by MLS GRID #853176
05/05/2025$1,288,888PriceChange
OneKey® MLS as distributed by MLS GRID #853176
03/28/2025$1,299,999PriceChange
OneKey® MLS as distributed by MLS GRID #L3568800
01/10/2025$1,350,000PriceChange
StreetEasy #S1727290
01/05/2025$1,299,999PriceChange
StreetEasy #S1727290
08/21/2024$1,350,000PriceChange
StreetEasy #1727290
07/22/2024$1,400,000Listed For SaleStreetEasy #1727290
04/04/2024$1,300,000Sold
N/A
12/14/2023ListingRemovedMy State MLS #11203916
09/18/2023$1,475,000PriceChange
My State MLS #11203916
09/03/2023$1,300,000Listed For SaleMy State MLS #11203916
12/28/2022ListingRemovedStreetEasy
03/23/2022$1,499,999PriceChange
StreetEasy
03/09/2022$1,500,000Listed For SaleStreetEasy
04/28/2020$1,800ListingRemovedAgent Provided
03/05/2020$1,800Listed For RentAgent Provided
09/04/2017$1,025,000ListingRemovedAgent Provided
06/06/2017$1,025,000PriceChange
Agent Provided
05/05/2017$1,050,000PriceChange
Agent Provided
04/21/2017$1,100,000PriceChange
Agent Provided
12/23/2015$1,250,000Listed For SaleAgent Provided
08/29/2013$699,000ListingRemovedAgent Provided
03/06/2013$699,000Listed For SaleAgent Provided
12/22/2011$425,000Sold
N/A
05/13/2010$664,113Sold
N/A
07/26/2007$618,000Sold
N/A

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Property Tax and Assessment

Year2024
Tax$11,409
Assessment$419,000
Home facts updated by county records

Comparable Sales for 487 E 93rd Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
371 E 95th St, Brooklyn, NY
0.21
Multi-Family Home
$1,285,000
12/01/25
7
5
3,198
594 E 92nd St, Brooklyn, NY
0.19
Multi-Family Home
$1,225,000
03/23/26
9
3.5
-
381 Rockaway Pkwy, Brooklyn, NY
0.26
Multi-Family Home
$1,075,000
06/02/25
7
4
3,198
400 Rockaway Parkway, Brooklyn, NY
0.21
Multi-Family Home
$999,000
02/12/26
1
1
3,198
2304 Strauss Street, Brooklyn, NY
0.29
Multi-Family Home
$1,081,500
03/04/26
7
4
3,198
309 Rockaway Pkwy, Brooklyn, NY
0.35
Multi-Family Home
$1,125,000
10/20/25
7
4
3,198

Assigned Schools

These are the assigned schools for 487 E 93rd Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Brownsville
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Brownsville

At least 781 Trulia users voted on each feature.

  • 91 % Say there are sidewalks

  • 88 % Say it's walkable to grocery stores

  • 71 % Say it's dog friendly

  • 65 % Say it's walkable to restaurants

  • 65 % Say kids play outside

  • 64 % Say streets are well-lit

  • 51 % Say there's holiday spirit

  • 48 % Say yards are well-kept

  • 48 % Say neighbors are friendly

  • 47 % Say car is needed

  • 43 % Say there are community events

  • 38 % Say people would walk alone at night

  • 34 % Say they plan to stay for at least 5 years

  • 30 % Say parking is easy

  • 29 % Say it's quiet

  • 24 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Lawrence Darnell
    "School concerts and street fairs. As well as the Labor Day parade is only a few streets away from the parade route."
    0
    Flag
  • Kaleem Morrison
    "Giving back organizations & The People in the neighborhood are very friendly they look out for each other "
    0
    Flag
  • Kong
    "One of the most dangerous places to live surrounded by public housing, gangs, drugs, unhealthy restaurants without culture. Highest murder rates in the city. "
    1
    Flag
  • Rhayana Francis
    "You see people walking their dogs with no leash and don’t clean up after them most times. I think more doggy poop bins should be near by. "
    5
    Flag
  • Trulia User
    "Rules to living in East Flatbush; 1) Learn the Alternate Side Parking Rules, 2) If you don’t find parking on the street by 5PM, then you’ll have to look 5AM, 3) There’s a lot of working families that are predominantly immigrants so respect everyone’s culture, and 4) Get used to house parties and loud music on the weekends, and especially around Labor Day Weekend."
    2
    Flag
  • Trulia User
    "I move here from East New York, Brooklyn at 8-9 years old then everyone treated me as a family member born there but I wasn’t born here , I was raised here here even when I move to the Bronx I was coming out here everyday after school or for work .. and it’s a mixed culture neighborhood with unity and love for each other ."
    17
    Flag
  • Trulia User
    "Great commute to the city. Not far from buses and train stations. I commute daily from east Flatbush to lower Manhattan on a daily basis to go back and forth from work to home. My children also commute back and forth on the trains and buses to get to school, activities and even on the weekends to spend time with tripwire families. "
    7
    Flag
  • Trulia User
    "It’s not too bad. Living in East Flatbush has its challenging moments nut over all the public transportation in this area is really accessible. It takes me about 40 minutes to get back and forth to work "
    4
    Flag
  • Trulia User
    "Love it. It feels like a secret place in Brooklyn. I have my own drive way so I’m good. Nice people "
    0
    Flag
  • Trulia User
    "great parks,and good schools ,everything is close by. laundromat, deli's, shopping stores, library transportation! "
    0
    Flag
  • Trulia User
    "I would like a dog park built somewhere cause my kids love playing with cool dogs. It's very crafty for dogs to enjoy living in the neighborhood where we live.."
    0
    Flag
  • Trulia User
    "There plenty of space on the sidewalks to walk with your dogs without getting in other peoples way. "
    0
    Flag
  • Trulia User
    "I’ve lived in this area for 7 years people are nice, area is clean, most of the citizens don’t pick up after their dogs, lots of kids in the park and the hospital is good "
    11
    Flag
  • Trulia User
    "Needs improvement, Still effected by red lining and disenfranchisement. There are no close activities for kids and not many healthy food options "
    0
    Flag
  • Trulia User
    "There are many shops and retail stores. it can get quite busy on the weekends but is overall a nice place to live in. "
    0
    Flag
  • Trulia User
    "It’s not unique but it’s convenient for everyday shopping and transportation . The buses are near by."
    3
    Flag
  • Trulia User
    "Too much to list summer time and spring is good times it’s a diverse area and different cultures Resturant and events and we have the kings theater! "
    0
    Flag
  • Trulia User
    "the bus and train always running noise and there are a lot of beautiful people that live around here "
    0
    Flag
  • Trulia User
    "There are a lot of dogs in the neighborhood that you see while you are walking around. The dogs are on leashes "
    0
    Flag
  • Trulia User
    "Definitely dog friendly. I see them every day over here. And yes people do clean up after them. People in the area are comfortable around dogs."
    0
    Flag
  • Trulia User
    "Brownsville/East New York is Changing for the better!!! Buyers are now realizing that you can buy a big, beautiful older home, usually with parking, driveway/garage and still be close to the 3/4 train for easy access to north Brooklyn or Manhattan. Many of the homes also have balconies, rare finds in Brooklyn. I live in Manhattan for years and decided to buy a home here. I highly recommend looking in Brownsville/ENY area. "
    0
    Flag
  • Trulia User
    "Brownsville and East New York has some big, old beautiful townhouses. The neighborhood is still affordable compared to the rest of Brooklyn but it is quickly changing. If you are looking to beat the gentrification rush then it’s really worth it"
    1
    Flag
  • Trulia User
    "Good place to live. Convenient to travel to any part of the City. Culturally diverse and sometimes very loud"
    0
    Flag
  • Trulia User
    "It’s ok not a Bad neighborhood it’s clean animal friendly neighborhoodThe neighborhood is OK for animals and pets there’s no problems"
    0
    Flag
  • Trulia User
    "Noisy and crowded during the day. Many people are not friendly and mind their business. Hospital is very close and 2 urgent care facilities are near by"
    0
    Flag
  • Trulia User
    "Lived here for 19 years and it’s a comfortable place to live. The schools and parks are great the bus and train are convenient "
    0
    Flag
  • Trulia User
    "They like that they don’t enforce picking up after their dogs, so they usually leave their dog’s poop lingering "
    0
    Flag
  • Trulia User
    "I’ve lived here for 15 years and you can be into Manhattan within 30 minutes. That is great and convenient."
    1
    Flag
  • Trulia User
    "None. It is not safe here. Shooting in the daylight. Any street function always turn violent. Not safe"
    0
    Flag
  • Trulia User
    "I live there but don’t hang out around hear that my way really don’t like the area . Shopping is ok personality’s are not positive for all "
    0
    Flag
  • Trulia User
    "Easy access to public transportation. Plenty of supermarkets and green groceries shops. It’s called little Caribbean city with many Caribbean restaurants ."
    0
    Flag
  • Chrissy S.
    "The bus is right at the corner. You have the option of catching 3 buses depending on the direction you walk in."
    2
    Flag
  • Chantelle E.
    "This neighborhood is like a family we have each other’s backs no matter what. There’s parks and schools and plenty of stores "
    0
    Flag
  • Frazrcharlene
    "the shops the cultures the easy access to public transportation the quiet nights the schools and churches are welcoming "
    8
    Flag
  • Julius C.
    "It’s noisy at night. To much people hanging out on the street. There’s lots of trash on the street corners"
    5
    Flag
  • Medina R.
    "its alot of pedophiles in Brownsville so keep your kids in site at all times. and alot of shootings in broad day light."
    7
    Flag
  • Nathalia S.
    "The block parties are pretty popular when they used to be done. But you do see a lot of gatherings and people coming together "
    1
    Flag
  • Cidneycooper512
    "We have block parties. Even if you don’t know the person, they will accept you into their yards to have a meal and have fun."
    0
    Flag
  • Mrsjustbizz
    "There are tons of community programs for local children, but communuty/residents do not want to look into them. These programs will help keep these children off the street!"
    1
    Flag
  • Themack223
    "The neighborhood is very dangerous, but when you get to know the people in the neighborhood you’ll be ok."
    0
    Flag

LGBTQ Local Legal Protections

Steven S. Benshabat, Exit Realty First Choice, (718) 380-2500
Agent Phone: (718) 380-2500
Based on information submitted to the MLS GRID as of 2026-02-06 15:18:24 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
487 E 93rd Street, Brooklyn, NY 11212 is a studio, 3,440 sqft multi-family built in 1930. 487 E 93rd Street is located in Brownsville, Brooklyn. This property is currently available for sale and was listed by OneKey® MLS as distributed by MLS GRID on Apr 13, 2026. The MLS # for this home is MLS# 983544.