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495 Linwood StreetBrooklyn, NY 11208

For Sale

$999,000

Smart Buyer Rebate $12,475

CALLING ALL INVESTORS - Outstanding Investment Opportunity

This classic red brick multi-family home offers exceptional value and immediate upside, located just one block from the C train at Shepherd Avenue and within a half-mile of the J, A, and 3 subway lines—providing fast, easy access to Manhattan and the rest of the city.

Currently configured as two spacious rental units, both fully occupied with excellent tenants. The property spans 2,900 square feet and includes seven total bedrooms and three full bathrooms, all within a beautifully maintained Colonial-style brick building. The home features hardwood floors throughout, natural gas steam heating, and excellent light and space.

The first-floor apartment spans over ~1,000 square feet and features a charming railroad-style layout with three bedrooms. The large, separate kitchen is equipped with granite countertops, ivory wood cabinetry, a stainless steel refrigerator, and a stove with oven/range. The marble-tiled bathroom and oversized windows flood the unit with natural light, adding to its warmth and appeal.

The second-floor apartment is a very spacious ~1000 square foot four-bedroom, one-bathroom home with excellent storage throughout, including a walk-in closet off the primary bedroom. This unit features hardwood flooring, central heating, and a modern open-concept kitchen and living room layout. The kitchen is fitted with stainless steel appliances and generous counter and cabinet space, ideal for comfortable everyday living.

Set on a 20' x 100' lot, this fully attached home is perfect for investors seeking reliable income with growth potential, or homeowners looking to live in one unit while earning rental income from the others.

In mint condition, this is a turn-key property with long-term value, with DOB-approved plans in place to convert the finished basement (another ~1000 sq ft) into a legal third unit, this property is primed for expansion. All city approvals have been secured, allowing construction to begin right away.

Investors only. Units are both currently occupied with tenants on long-term leases.

Listed by ALEXANDER A MAHGOUB

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License #10301209001

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Compass

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(347) 575-3344

Listed by MALCOLM L ADAMS

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License #10301212117

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Compass

Last updated August 30, 2025

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Source: REBNY #RLS20027855

Listing Facts

  • TypeSingle-family
  • NeighborhoodEast New York
  • Bedrooms7
  • Bathrooms3
  • Days on Prevu98
  • Taxes$3,720/year
  • Size2,900 sqft
  • Price per sqft$344

Location

Mortgage Calculator

Listing History

08/19/2025
Price Decreased
$999,000
05/31/2025
Listed by Compass
$1,070,000

Estimated Closing Costs

Total
$31,303
Attorney Fees
$4,000
Title Insurance
$4,496
Bank Attorney
$1,500
Mortgage Recording Tax
$17,307
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $999,000 and a 10% 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 495 Linwood Street

Association

Amenities

  • Pets Allowed: Building No, No

Compensation

Commissions

  • Buyer Agency Compensation: 2.5Percent

Exterior

Construction

  • Number Of Units Total: 2
  • Property Condition: Excellent
  • Stories Total: 2
  • Structure Type: Duplex, Townhouse
  • Year Built: 1901
  • Entry Level: 1

Measurements

  • Building Area Total: 2,900
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 20
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $3,720.00

Interior

Measurements

  • Living Area: 2,900
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Rooms Total: 14

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: East New York
  • Tax Block: 04019
  • Tax Lot: 0006

Utilities

Equipment

  • Laundry Features: See Remarks

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., 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.