206 WASHINGTON Park
$5,500,000
MLS# RLS20124211 · Fort Greene
Listed November 4, 2026 · New today
9 Beds 10 Baths 4,600 Sq.Ft.
About This Property
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Prime Fort Greene investment opportunity, offering a 10-unit multi-family brownstone with eight free-market apartments, decorative fireplaces, and a private backyard, directly overlooking the iconic Fort Greene Park.
Overview:
Annual Income: $327,955 Annual Operating Expenses: $65,013 Net Operating Income (NOI): $262,942 Cap Rate: 4.78% Total Units: 10 residential Unit Mix: 8 free-market / 2 rent-stabilized Building Size: 4,600 SF Building Dimensions: 23' x 50' Lot Dimensions: 23' x 100' With 80% free-market apartments, the property offers an attractive opportunity for investors seeking income growth through future upgrades and rent optimization.
Positioned on Fort Greene Park, one of Brooklyn's most desirable residential settings, the property benefits from an exceptional location by Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a park-front multi-family asset with strong long-term investment fundamentals.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
- Smoke-free
Home features
- Washer/dryer in unit
- Fireplace
- View
- Private garden
- Private outdoor space (over 60 sq ft)
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$29,755 / month
- Principal and interest$27,811
- Property taxes$1,944
Due at closing
- Down payment (20%)$1,100,000
- NYS “mansion tax” (2.25%)$123,750
- Mortgage recording tax (1.925%)$84,700
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Listing Courtesy of Corcoran Group
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.