Buy with Yoreevo
$1,370,587
List Price: $1,395,000
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863 Dumont Avenue
House in East New York •  building info
studio • 2,500ft² $558 per ft²
Buy with Yoreevo

$1,370,587

List Price

$1,395,000

Key Details
Days on market
12
Last price change
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Estimated payment
$7,699/mo
Taxes
Maintenance
N/A
Description
863 Dumont Ave, Brooklyn, NY 11207 – Exceptional investment opportunity in the heart of East New York. This legal detached brick 3-family building offers strong existing cash flow with significant upside potential. Configured as a spacious 5-bedroom/1-bath apartment over two 4-bedroom/1-bath apartments, plus a full unfinished basement with both an interior entrance and separate rear access. The property underwent a gut renovation approximately 5 years ago and remains in very good overall condition, requiring only minor cosmetic updating. Fully occupied and producing approximately $9,600 per month in rental income, this property also presents clear upside potential with projected market rents estimated around $13,000 per month. Additional features include detached brick construction, separate utilities with 2 electric meters and 3 gas meters, 1 hot water tank, and 1 furnace. The oversized apartments provide excellent functionality and strong tenant appeal in a high-demand rental market. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways. Easy access to subway lines, bus routes, and the Belt Parkway adds to the property's long-term investment appeal. Excellent opportunity for investors seeking a large income-producing Brooklyn property with strong existing returns and future growth potential.

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Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$1,395,000
Asking Price: $1,395,000
Term
30 Years
Down Payment
$139,000 (10%)
Min: 10% (139,000)
Rate
6.0 %
Mortgage Amount
$1,255,500
Mortgage Payment
$7,527
Taxes
$172
Estimated Yoreevo rebate
$24,413
Estimated closing cost
$51,000
Total monthly cost $7,699
Buy your dream home with us and get an estimated $24,413 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Keystone Realty USA Corp

Information ©2026, OneKey MLS. All rights reserved. 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.