Ocean Hill Brownstone - Full Gut Renovation Opportunity - 3 Units Classic Brooklyn brownstone located in the heart of Ocean Hill rich with history, culture, and architectural charm. 495 Bainbridge Street is a fully vacant three-story townhome, offering a rare canvas for homeowners and developers alike to bring a dream vision to life. This expansive 2,331 sq ft property sits on an 18.5" x 100" lot, providing a generous footprint to reimagine the house to suit modern living while preserving its original character. The property boasts beautiful original details including carved stonework, wrought iron railings, and elevated front stoop entry-ready to be restored to their former glory. Property Highlights: Lot Size: 18.5 ft x 100 ft - 4 FLOORS (Cellar / Garden level / 1st floor / 2nd floor) Interior Sq Ft: 2,331 sq ft Zoning: R6 Delivered Fully Vacant Full Gut Renovation Needed - Bring your architect and contractor Original Details Intact - Great potential to restore period features Multi-unit Potential - Explore conversion or rental income opportunities Whether you're an investor looking to transform a classic structure, a developer with a vision for a modern multi-unit layout, or an end-user ready to craft your dream home in one of Brooklyn's rising neighborhoods-this is your blank canvas. Located just blocks from the J, Z, A, and C subway lines, you're minutes from downtown Brooklyn and Manhattan, with quick access to local restaurants, parks, and cultural institutions. Ocean Hill is experiencing exciting revitalization, and this is your opportunity to be part of its growth. This is the kind of property that doesn't come along often. Unlock its potential and create something truly special.
Listed by Curtis Quow
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License #10301222501
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Serhant
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(347) 385-1105
Last updated July 08, 2025
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Source: REBNY #RLS20026698
Listing Facts
TypeMulti-family
NeighborhoodOcean Hill
Bedrooms6
Bathrooms3
Days on Prevu104
Taxes$4,452/year
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
05/27/2025
Listed by Serhant
$1,300,000
Estimated Closing Costs
Total
$48,370
Attorney Fees
$4,000
NYC Mansion Tax
$13,000
Title Insurance
$5,850
Bank Attorney
$1,500
Mortgage Recording Tax
$20,020
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,300,000 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.
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.