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568 Drew Street, Brooklyn, NY, 11208

8beds
3baths
2,500sqft
$1,180,000
$472price/sqft
$7,360/moest. monthly cost
$294,400/yrincome needed

About This Home

**Investor Opportunity – Income-Producing Property (Subject to Court Approval)** Strong value-add opportunity for investors seeking a multi-unit asset with upside potential. Ideal for buy-and-hold, rental optimization, or portfolio expansion. All property details are subject to independent verification by the buyer and their representative. **Sale is contingent upon third-party court approval (not a short sale).** **Property Layout:** * **1st Floor – Apt 1F:** 2 bedrooms, living room/kitchen combination, full bathroom * **1st Floor – Apt 1B:** 2 bedrooms, living room, kitchen, full bathroom * **2nd Floor:** 4 bedrooms, living room, dining room, kitchen, full bathroom **Investment Highlights:** * Multi-unit configuration with strong rental potential * Full finished basement – additional usable space * Shared driveway access * Detached 2-car garage (roof replaced in 2021) * Opportunity to increase rents and maximize NOI **Showing Instructions (Strictly Enforced):** * Do not approach or question tenants under any circumstances * All inquiries must be directed to the listing broker * Buyers must be accompanied by their agent—no exceptions * All visitors must sign in prior to entry * Shoes must be removed when entering the 1st and 2nd floors **Important:** Any attempt to bypass listing procedures or contact tenants directly may result in denied access and reporting to MLS. **Condition of Sale:** Property is being sold **as-is**, with all existing violations, liens, and fines to be assumed by the buyer. Serious, qualified investors only. Proof of funds recommended with all offers.

Getting Around

81
WalkingVery Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1930

Materials

  • Foundation: Concrete Perimeter

Notable Dates

  • Major remodel year: 2022

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Open Floorplan,Storage
  • Window features: Double Pane Windows
  • Flooring: Ceramic Tile
  • Fireplace features: None
  • Attic: None

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 2,500
  • Total interior livable area: 2,500 sqft

Property

Details

  • Parcel number: 3042250030
  • Attached to another structure: Yes
  • Special condition: Probate Listing,Third Party Approval

Features

  • Patio & porch: None
  • Fencing: Brick

Lot

  • Lot size: 2,248 sqft
  • Features: Back Yard,Near Public Transit,Near School,Near Shops
  • Lot size dimensions: 20 x 58

Parking

  • Total spaces: 2
  • Parking features: Shared Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,966$71,592
Home Insurance *$431$5,172
Property Taxes $550$6,600
Electricity $413$4,957
Total$7,360$88,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$252,342/yr
40% on housing$220,800/yr
45% on housing$196,266/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$472This listing

vs Other Active Listings

Avg $/sqft

ZIP 11208$469
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11208$470
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-22Listed for sale$1,180,000
2025-09-24Pending sale$1,180,000
2025-08-01Listed for sale$1,180,000
2025-08-01Listing removed$1,180,000
2025-07-31Listed for sale$1,180,000
2004-11-17Sold$485,000
2004-01-30Sold$381,100

For Sale by Agent

AgentBrian McCaffrey
BrokeragePrime Place Realty

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