688 Pennsylvania Avenue, Brooklyn, NY, 11207
About This Home
This four-family property presents a unique opportunity for investors and end-users looking to add value. The home includes a fully finished basement, offering additional usable space, as well as a private driveway for added convenience. While the property has solid bones and a functional layout, it does require updates and improvements, making it ideal for buyers seeking a renovation project or value-add investment. Each unit is currently maintained, but there is significant potential to modernize and increase rental income. With its generous configuration, there is also the possibility to convert the property into an eight-family dwelling (subject to proper approvals), further enhancing its income-producing potential. This is a must-see opportunity for those looking to customize, expand, and unlock long-term value.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Construction materials: Brick,Stone
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Features
- Eat-in Kitchen,Formal Dining
Heating & Cooling
- Heating features: Steam
- Cooling features: None
Interior Area
- Total structure area: 3,116
- Total interior livable area: 3,116 sqft
Property
Details
- Parcel number: 042980030
- Attached to another structure: Yes
- Special condition: None
Lot
- Lot size: 2,470 sqft
Parking
- Parking features: Other
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
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,860 | $70,320 |
| Home Insurance * | $453 | $5,436 |
| Property Taxes | $540 | $6,480 |
| Electricity | $514 | $6,179 |
| Total | $7,367 | $88,404 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-03 | Listed for sale | $1,175,000 |
| 2011-06-03 | Listing removed | $430,000 |
| 2011-03-03 | Listed for sale | $430,000 |
View on Zillow