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287 23rd Street, Brooklyn (South Slope), NY, 11215 | $1,499,000
Welcome to 287 23rd Street, a rare opportunity to own a spacious and versatile two-family home in the heart of Greenwood Heights, one of Brooklyn's fastest-growing and most sought-after neighborhoods. Built in 1901, this classic property offers approximately 2, 947 square feet across three levels on a 2, 500 SF lot, combining size, flexibility, and exceptional upside for both end-users and investors alike.
The home is currently configured as a two-bedroom, one-bath unit over a spacious two-bedroom, one-bath reverse duplex, plus a studio with one bath in the above-grade basement. With a total of 5 bedrooms and 3 full bathrooms, the layout provides ample living space, income potential, or the ability to accommodate multi-generational living.
What truly sets this property apart is its R6B zoning, offering approximately 2, 000 additional buildable square feet (consult architect), making it an outstanding opportunity for future development or expansion. Whether you're looking to create your dream home or maximize long-term investment value, the potential here is undeniable.
The property features solid bones, classic charm, and low-maintenance aluminum vinyl siding, but does require some TLC-making it an ideal value-add opportunity for buyers with vision. With incredibly low annual property taxes of just $3, 426, this is a rare chance to secure a high-upside asset in a prime Brooklyn location.
Perfectly positioned on a quiet, tree-lined block between 5th and 6th Avenues, you're just moments from the vibrant energy of Park Slope and Sunset Park. Enjoy easy access to local cafes, restaurants, shopping, and green spaces including Green-Wood Cemetery. Commuting is seamless with nearby access to the R and D trains, offering quick connections to Manhattan and beyond.
This is a unique opportunity to secure a property that offers both immediate usability and long-term growth in a thriving Brooklyn market. Bring your contractor and your vision to unlock its full potential.
Features
- Town: Brooklyn
- Rooms: 10
- Laundry: InUnit
- Year Built: 1901
- Cooling: Unknown Type
- Service Level: None
- Built Size: 25'x25'
- OLR#: RLS20074431
- Days on Market: 79 days
- Website: https://www.raveis.com
/prop/RLS20074431/28723rdstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Revived Residential
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
287 23rd Street, Brooklyn (South Slope), NY, 11215
$1,499,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,199,200 | $1,199,200 | $1,199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,809 | $7,384 | $10,120 |
| Total Monthly Payment | $6,934 | $7,509 | $10,245 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535