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296 Arlington Avenue
House in East New York •  building info
6bd • 2ba • 2,400ft² $396 per ft²
List Price

$950,000

Key Details
Days on market
48
Last price change
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Estimated payment
$5,419/mo
Taxes
$293/mo
Maintenance
N/A
Description
Welcome to 296 Arlington Avenue, a rare 2-family gem in Cypress Hills, Brooklyn, offering space, income, and exceptional potential under one roof. This well-maintained home features two large 3-bedroom, 1-bath apartments, each with a spacious living/dining room combination and well-kept kitchen—ideal for end-users, investors, and multigenerational occupancy. Generously sized bedrooms and excellent closet space throughout provide the comfort and functionality today's buyers and renters demand. A full basement with two separate outside entrances—one front-facing and one leading directly to the private backyard—adds incredible flexibility for storage, recreation, workspace, or future customization (with any necessary approvals). The oversized, fully private backyard is perfect for entertaining, gardening, or simply enjoying your own outdoor oasis in the city. With its smart layout, ample space, and solid condition, this property is easy to move into, rent out, or thoughtfully upgrade over time to build even more value. This home is an outstanding option for an owner-occupant looking to live in one spacious 3-bedroom unit while generating rental income from the other, or for an investor seeking strong cash-flow potential in a high-demand Brooklyn rental market. It also works beautifully for multigenerational living, allowing extended family to enjoy separate apartments while sharing the basement and backyard. Highland Park is just minutes away, offering additional green space, playgrounds, and recreational amenities that further enhance the lifestyle appeal. With multiple income streams, desirable layouts, and strong tenant appeal, this property checks all the boxes for long-term stability and appreciation. Centrally located near Atlantic Avenue and major routes such as Fulton Street, Jamaica Avenue, and the Jackie Robinson Parkway, 296 Arlington Avenue offers convenient access to Brooklyn, Queens, and Manhattan. The neighborhood is well-served by public transportation, including nearby buses and trains, and is surrounded by essential amenities such as laundromats, supermarkets, restaurants, and local shops. If you are searching for a move-in ready 2-family home with excellent rental potential, a private backyard, flexible basement access, and a prime Brooklyn location, 296 Arlington Avenue is a must-see.

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Home features
Hardwood floors
Private outdoor space

Roof Deck

Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$950,000
Asking Price: $950,000
Term
30 Years
Down Payment
$95,000 (10%)
Min: 10% (95,000)
Rate
6.0 %
Mortgage Amount
$855,000
Mortgage Payment
$5,126
Taxes
$293
Estimated closing cost
$27,000
Total monthly cost $5,419
Listing Courtesy of Property Professionals Realty

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