35 Crown St Unit 3B · New York, NY 11229

$299,000

1 bd · 1.0 ba · 606 sqft · Condo · 1 Days on market

Built 1926 Good condition

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.6/30.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• DSCR +5.5/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unlock the ultimate Brooklyn value proposition: Unit 3B, a third-floor pre-war one-bedroom home in an elevator building, awaiting your personal customization. A true Crown Heights Uncut Gem located just half a block from Prospect Park and the Brooklyn Botanic Garden. In Estate Condition, this classic residence serves as the perfect blank canvas for your contractor and design vision. Excellent "bones", featuring what is believed to be original 1920s hardwood floors (long preserved by carpet), towering high ceilings, and a classic floor plan. Eat-in kitchen, spacious living room, and a serene bedroom featuring a deep footprint that offers endless layout possibilities. The generous floor plan includes exceptional storage, a windowed bathroom, and a windowed kitchen. Best of all, while the building lacks a central laundry room, the co-op allows an in-unit washer/dryer with board approval. 3B rests within a well-maintained elevator building; residents enjoy premium building perks, including live-in super, wait-listed storage, outdoor bike storage, a keyed package room, and a serene, shared courtyard. Commuting is effortless with the Franklin Avenue subway hub (2, 3, 4, 5, and S lines) right at your doorstep. Subletting is permitted after five years of ownership for a period of two years. Pets allowed upon approval. Note: This is an income-restricted HDFC cooperative capped at 165% of the Area Median Income (AMI), which as of 2026 is: 1-person household: $196,020; 2-person household: $223,905; 3-person household: $251,955.

Key facts

• Eat-in kitchen
• High ceilings
• Elevator building

Tags

• ELEVATOR BUILDING
• ORIGINAL 1920S HARDWOOD FLOORS
• HIGH CEILINGS
• EAT-IN KITCHEN
• SPACIOUS LIVING ROOM
• SERENE BEDROOM

Property features AI

Finance

• HOA & community: Has association

Exterior

• Parking: On-street parking
• Utilities: Public sewer; Natural gas available
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas oven; Refrigerator
• Bedrooms: Entry level: 3
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heating; No central cooling
• Interior features: Eat-in kitchen; No basement; Three total rooms; Pets allowed

🏢 Co-op / cooperative unit. The $299,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $299k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $234 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $299k).
• Cap rate 7.2% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+15.8%/yr); 355 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $3,681/mo this rent would consume 63% of the median local household income ($71k/yr) (locally 4771% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $84k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 64% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $299,000

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 7.23%
• Cash-on-cash: 3.35%
• DSCR: 1.15
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.84×
• Total profit: $-13,694
• Equity at exit: $44,582

10-year hold

• IRR: 11.6%
• Equity multiple: 2.16×
• Total profit: $97,510
• Equity at exit: $25,852

Cash invested: $83,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11229

• Rents YoY: 15.8%
• Active inventory: 355
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $3,681 high
• Mortgage (P&I): −$1,568
• Tax est. 1.5%: −$374 /mo · $4,485/yr
• Insurance: −$125
• HOA est. from 1 same-building comp: −$608
• Vacancy / Maint / Mgmt: −$773
• Net cashflow: $234

Break-even live

Break-even rent $3,385

Max offer price $299,000

Occupancy floor 89%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
755 Washington Ave Brooklyn, NY	1.0	1.0	700	$1,800	$2.57	21d	1	0.44mi
552 Prospect Pl Unit 3A Brooklyn, NY	1.0	1.0	676	$4,500	$6.66	24d	1	0.53mi
668 Nostrand Ave #1 Brooklyn, NY	1.0	1.0	611	$4,200	$6.87	19d	1	0.77mi
955 Sterling Pl Unit 415 Brooklyn, NY	2.0	1.0	680	$5,150	$7.57	24d	1	0.80mi
955 Sterling Pl #1936 Brooklyn, NY	1.0	1.0	540	$3,170	$5.87	21d	1	0.83mi
565 Nostrand Ave Unit 1 Brooklyn, NY	—	1.0	600	$2,000	$3.33	6d	1	0.92mi
545 Vanderbilt Ave Brooklyn, NY	2.0	1.0	600	$4,910	$8.18	3d	3	1.04mi
475 Clermont Ave Brooklyn, NY	2.0	1.0–2.0	807	$5,144	$6.37	4d	7	1.12mi
198 Hancock St Brooklyn, NY	1.0	1.0	400	$2,450	$6.12	24d	1	1.22mi
461 Dean St Brooklyn, NY	1.0	1.0	781	$5,320	$6.81	5d	5	1.23mi
655 Union St #1846 Brooklyn, NY	1.0–2.0	1.0–2.0	727	$5,780	$7.95	3d	2	1.34mi
649 Winthrop St Brooklyn, NY	1.0	1.0	500	$2,500	$5.00	24d	1	1.35mi
151 S Elliott Pl Brooklyn, NY	1.0–2.0	1.0–2.0	655	$4,670	$7.13	2d	2	1.37mi
328 Hancock St Brooklyn, NY	2.0	1.0	500	$2,800	$5.60	24d	1	1.41mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-06-18
   listing id $299,000 Active 1 DOM

   Show marketing remark (1552 chars)

   Unlock the ultimate Brooklyn value proposition: Unit 3B, a third-floor pre-war one-bedroom home in an elevator building, awaiting your personal customization. A true Crown Heights Uncut Gem located just half a block from Prospect Park and the Brooklyn Botanic Garden. In Estate Condition, this classic residence serves as the perfect blank canvas for your contractor and design vision. Excellent "bones", featuring what is believed to be original 1920s hardwood floors (long preserved by carpet), towering high ceilings, and a classic floor plan. Eat-in kitchen, spacious living room, and a serene bedroom featuring a deep footprint that offers endless layout possibilities. The generous floor plan includes exceptional storage, a windowed bathroom, and a windowed kitchen. Best of all, while the building lacks a central laundry room, the co-op allows an in-unit washer/dryer with board approval. 3B rests within a well-maintained elevator building; residents enjoy premium building perks, including live-in super, wait-listed storage, outdoor bike storage, a keyed package room, and a serene, shared courtyard. Commuting is effortless with the Franklin Avenue subway hub (2, 3, 4, 5, and S lines) right at your doorstep. Subletting is permitted after five years of ownership for a period of two years. Pets allowed upon approval. Note: This is an income-restricted HDFC cooperative capped at 165% of the Area Median Income (AMI), which as of 2026 is: 1-person household: $196,020; 2-person household: $223,905; 3-person household: $251,955.

2. 2026-06-18
   remarks 689-char remark

   Show marketing remark (1552 chars)

   Unlock the ultimate Brooklyn value proposition: Unit 3B, a third-floor pre-war one-bedroom home in an elevator building, awaiting your personal customization. A true Crown Heights Uncut Gem located just half a block from Prospect Park and the Brooklyn Botanic Garden. In Estate Condition, this classic residence serves as the perfect blank canvas for your contractor and design vision. Excellent "bones", featuring what is believed to be original 1920s hardwood floors (long preserved by carpet), towering high ceilings, and a classic floor plan. Eat-in kitchen, spacious living room, and a serene bedroom featuring a deep footprint that offers endless layout possibilities. The generous floor plan includes exceptional storage, a windowed bathroom, and a windowed kitchen. Best of all, while the building lacks a central laundry room, the co-op allows an in-unit washer/dryer with board approval. 3B rests within a well-maintained elevator building; residents enjoy premium building perks, including live-in super, wait-listed storage, outdoor bike storage, a keyed package room, and a serene, shared courtyard. Commuting is effortless with the Franklin Avenue subway hub (2, 3, 4, 5, and S lines) right at your doorstep. Subletting is permitted after five years of ownership for a period of two years. Pets allowed upon approval. Note: This is an income-restricted HDFC cooperative capped at 165% of the Area Median Income (AMI), which as of 2026 is: 1-person household: $196,020; 2-person household: $223,905; 3-person household: $251,955.

3. 2026-06-18
   listed $299,000 Active 1 DOM

   Show marketing remark (1552 chars)

   Unlock the ultimate Brooklyn value proposition: Unit 3B, a third-floor pre-war one-bedroom home in an elevator building, awaiting your personal customization. A true Crown Heights Uncut Gem located just half a block from Prospect Park and the Brooklyn Botanic Garden. In Estate Condition, this classic residence serves as the perfect blank canvas for your contractor and design vision. Excellent "bones", featuring what is believed to be original 1920s hardwood floors (long preserved by carpet), towering high ceilings, and a classic floor plan. Eat-in kitchen, spacious living room, and a serene bedroom featuring a deep footprint that offers endless layout possibilities. The generous floor plan includes exceptional storage, a windowed bathroom, and a windowed kitchen. Best of all, while the building lacks a central laundry room, the co-op allows an in-unit washer/dryer with board approval. 3B rests within a well-maintained elevator building; residents enjoy premium building perks, including live-in super, wait-listed storage, outdoor bike storage, a keyed package room, and a serene, shared courtyard. Commuting is effortless with the Franklin Avenue subway hub (2, 3, 4, 5, and S lines) right at your doorstep. Subletting is permitted after five years of ownership for a period of two years. Pets allowed upon approval. Note: This is an income-restricted HDFC cooperative capped at 165% of the Area Median Income (AMI), which as of 2026 is: 1-person household: $196,020; 2-person household: $223,905; 3-person household: $251,955.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,170
• − Mortgage interest: −$16,749
• − Property taxes: −$4,485
• − Insurance: −$1,495
• − Repairs & maintenance: −$3,534
• − Management: −$3,534
• − HOA: −$7,296
• − Depreciation: −$8,698
• Taxable loss: −$1,620
• Est. tax savings @ 24.0%: +$389
• After-tax cash flow: $3,191/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab

This pre-war one-bedroom condo in Crown Heights is in excellent condition with original hardwood floors and a classic floor plan. It's a great opportunity for an investor to add value through cosmetic updates and improvements.

Value-add opportunities

• Resale Paint exterior — Enhances curb appeal and property value
• Rental Clean windows — Improves natural light and air circulation
• Both Replace carpet in kitchen — Original hardwood floors are preserved, but replacing carpet could improve aesthetics and functionality
• Both Paint interior walls — Fresh paint can make the space feel more modern and inviting

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior — Enhances curb appeal and property value ↑
• Rental Clean windows — Improves natural light and air circulation ↑
• Both Replace carpet in kitchen — Original hardwood floors are preserved, but replacing carpet could improve aesthetics and functionality ↑
• Both Paint interior walls — Fresh paint can make the space feel more modern and inviting ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 78,377
• Household income: $70,603
• Rent vs Own: 53.1% rent · 46.9% own
• Severe rent burden: 4771.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Asian 22% Hispanic / Latino 9% Black 6% Two or more races 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Scotch-Irish 6% Subsaharan African 6% Romanian 1%
• Foreign-born: 47% · China, Canada, Vietnam
• Languages at home: 40% English-only · Russian/Polish/Slavic 22% Chinese 16% Spanish 6%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -761.52%
• Current HPI: 361.7011
• Rent YoY: ▲ 15.81%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+0.0% since first listed

3 events — show timeline

• 2026-06-18 Listed $299,000 RLS at REBNY
• 2026-06-17 Listed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2026-06-16 Listed $299,000 BNYMLS