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$1,288,700
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Property Description
487 Hart Street - Turnkey Two-Family Investment Opportunity in Prime Brooklyn Welcome to 487 Hart Street, a well-maintained two-family stucco townhouse set on a 20 x 75 lot, offering an exceptional opportunity for both investors and end users alike. With 1,680 square feet of interior space and strong existing cash flow, this property is great for those seeking income potential with low monthly carrying costs. The home is currently configured as two income-producing rental units, generating $93,600 annually with additional upside and a strong 7.2 % cap rate. The first-floor residence is a spacious 3-bedroom, 1-bath duplex featuring hardwood floors throughout, ceramic tile flooring in the lower level, and direct access to a private backyard The top-floor apartment offers a bright 2-bedroom, 1-bath layout with hardwood floors and a skylight that fills the home with natural light. Both units have been thoughtfully updated with renovated kitchens and bathrooms, making this a true turnkey asset. Perfectly suited for an investor seeking immediate returns or an end user looking to offset ownership costs with rental income, 487 Hart Street presents a rare opportunity in a great location.
Full Property Details
Full Property Details for 487 Hart St
General
- Sold For: $1,288,700
- Taxes: $4,944
- Status: Closed
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20081165
- Added to Site: 149 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: High Ceilings, Smoke Free
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Decorative
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: In Unit
Additional Information
- Pool: Yes
- Pool Description: Building None
Exterior
- Exterior Features: Private Outdoor Space Over 60 Sqft
Location
- County: Kings
- Subdivision: Bushwick
Community
- Pets Allowed: Yes
Structural Information
- Structure Type: Townhouse
- Basement Desc.: Other
- Stories/Levels: 2
- Square Feet: 1,680
- Living Area: 1,680 Sq. Ft.
- Year Built: 1901
- Other Struct. Feat.: Green Building
Lot Features
- Property View: Other
- Lot Size: 1500
- Lot Dimensions: 75.00 x 20.00
Financial Considerations
- Tax Amount: $4,944
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 03214-0038
- Block: 3214
- Lot Number: 38
Listing Courtesy of Corcoran Group
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Schools
Schools serving 487 Hart St
School District:New York City Geographic School District 32
| Name | Grades | Distance |
|---|---|---|
Ps 274 Kosciusko 800 Bushwick Avenue, Brooklyn, NY 11221 | PK-5 | 0.2 mi |
Is 347 School Of Humanities 35 Starr Street, Brooklyn, NY 11221 | 6-8 | 0.4 mi |
Is 349 Math Science And Technology 35 Starr St, Brooklyn, NY 11211 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 487 Hart St
Date
Details
Price
Change
Source
8/17/2026
Sold
$1,288,700
3.1%
MLS
7/06/2026
Price Reduced
$1,250,000
-3.77%
MLS
6/01/2026
Price Reduced
$1,299,000
-1.96%
MLS
5/13/2026
Price Reduced
$1,325,000
-5.02%
MLS
4/04/2026
Listed
$1,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
487 Hart Street, New York City, NY 11221 (MLS# RLS20081165) is a Multi-Family property that was sold at $1,288,700 on August 17, 2026. Want to learn more about 487 Hart Street? Do you have questions about finding other Multi-Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

