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406 Chestnut StreetBrooklyn, NY 11208

For Sale

$789,000

Smart Buyer Rebate $7,225

406 Chestnut Street, Brooklyn, NY 11208

Beautiful Two-Family Home with Incredible Income Potential!

Welcome to 406 Chestnut Street, a charming and well-maintained two-family townhouse in the heart of East New York, Brooklyn. Nestled on a classic 20 × 100 ft lot, this property offers approximately 1,700 sq ft of living space across three levels—ideal for homeowners and investors alike.

The second-floor apartment features three spacious bedrooms, a sun-filled living room, and a full kitchen—perfect for a growing family or steady rental income. The first-floor unit includes two comfortable bedrooms, an open living area, and access to the private backyard. The finished basement offers a one-bedroom suite, great for guests, extended family, or potential accessory use (with proper approvals).

Located on a quiet, tree-lined block, this home is convenient to local shops, schools, and transportation. The area’s R5B zoning preserves the neighborhood’s character while still allowing opportunities for future upgrades or extensions.

Whether you choose to live in one unit and rent the other or hold it as a high-yield investment, 406 Chestnut Street delivers space, flexibility, and long-term value in one of Brooklyn’s most promising neighborhoods.

Realtors—bring your buyers! This home offers tremendous value and won’t last long. Schedule your showing today before it’s gone!

Listed by Jair J. Johnson

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Kings Home Realty Advisory Grp

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718-504-9686

Last updated November 12, 2025

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Source: OneKey #933353

Listing Facts

  • TypeMulti-family
  • NeighborhoodCity Line
  • Bedrooms5
  • Bathrooms3
  • Days on Prevu33
  • Taxes$2,676.36/year

Location

Mortgage Calculator

Listing History

11/07/2025
Listed by Kings Home Realty Advisory Grp
$789,000

Estimated Closing Costs

Total
$25,201
Attorney Fees
$4,000
Title Insurance
$3,551
Bank Attorney
$1,500
Mortgage Recording Tax
$12,150
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $789,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 406 Chestnut Street

Exterior

Construction

  • Number Of Units Total: 2
  • Property Attached: Yes
  • Year Built: 1899
  • Construction Materials: Brownstone

Measurements

  • Building Area Total: 1,704
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.04
  • Lot Size Square Feet: 2,000

Financial

Taxes

  • Parcel Number: 04192-0030
  • Tax Annual Amount: $2,676.36
  • Tax Assessed Value: $48,060.00
  • Tax Year: 2024

Interior

Features

  • Interior Features: First Floor Bedroom, Beamed Ceilings

Rooms

  • Basement: Finished
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5

Parking

Parking

  • Parking Features: On Street

Schools

Elementary School

  • Elementary School: East New York Elementary-Excellence
  • Elementary School District: Brooklyn 19

High School

  • High School: Cypress Hills Collegiate Prep School
  • High School District: Brooklyn 19

Middle or Junior School

  • Middle Or Junior School: East New York Middle Sch-Excellence
  • Middle Or Junior School District: Brooklyn 19

Utilities

Equipment

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 5 bedrooms and 3 bathrooms in this multi-family home at 406 Chestnut Street.

What schools are nearby to 406 Chestnut Street?

Nearby schools include the East New York Elementary-Excellence, East New York Middle Sch-Excellence, and Cypress Hills Collegiate Prep School High School.

What are the annual taxes for 406 Chestnut Street?

Annual taxes for this multi-family home are estimated at $2,676.

How does 406 Chestnut Street compare to other multi-family homes in City Line?

This multi-family home is listed 28% below the average price for multi-family homes in City Line and has been on the market for 27 less days than the typical home in this area.

406 Chestnut Street is a 5-bedroom, 3-bath multi-family home for sale in Brooklyn NY 11208. Listed on Prevu for 33 days at $789,000. This residence is located in City Line. The median listing price for multi-family homes in this area is $899,000. Nearby schools include East New York Elementary-Excellence, East New York Middle Sch-Excellence, and Cypress Hills Collegiate Prep School High School. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.