


Listing Courtesy of: REBNY / Corcoran Group
290-292 Leonard Street Brooklyn, NY 11211
Active (4 Days)
$4,890,000
Description
MLS #:
RLS20039156
RLS20039156
Type
Single-Family Home
Single-Family Home
County
Kings County
Kings County
Community
Williamsburg,North
Williamsburg,North
Listed By
Christopher V Cavorti, Corcoran Group
Source
REBNY
Last checked Jul 29 2025 at 9:51 AM GMT+0000
REBNY
Last checked Jul 29 2025 at 9:51 AM GMT+0000
Bathroom Details
- Full Bathrooms: 5
- Half Bathroom: 1
Interior Features
- Smoke Free
- Laundry: In Unit
- Laundry: Washer Hookup
- Washer Dryer Allowed
Subdivision
- Williamsburg,North
Heating and Cooling
- Other
Basement Information
- Other
Stories
- 1
Living Area
- 4,025 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Awaye Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Real Estate Board of New York (REBNY). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/29/25 02:51
Combined, the properties feature five residential free market units and one commercial space, spanning nearly 5,000 square feet of gross space. Situated on a 42 x 60 combined lot and Zoned R7A, C2-4, this property offers total buildable of 10,080 SF with a maximum FAR of 4.0 and potential to max FAR to 5.01 FAR with affordable housing (all FAR estimations to be independently verified)
290 Leonard Street is a meticulously maintained 19-foot-wide two-family townhouse offering a spacious 3-bedroom, 2-bath owner's duplex with a private backyard, as well as a top-floor 2-bedroom, 1-bath apartment with its own terrace. The property blends classic exterior pre-war charm with thoughtful modern upgrades, including a finished cellar with laundry and storage. With annual taxes of just $4,490 (Tax Class 1), 290 Leonard Street delivers an Existing CAP rate of 5.47% and a pro forma CAP rate of 6.83%
Next door, 292 Leonard Street is a Corner 23-foot-wide mixed-use townhouse featuring a ground-floor commercial unit with direct backyard access, curb cut and a powder room, plus two spacious 3-bedroom, 1-bath residential apartments above. A full basement adds valuable storage and flexibility. With annual taxes of $5,771 (Tax Class 1), 292 Leonard Street offers an Existing CAP rate of 5.66% and a pro forma CAP rate of 6.16%.
Perfectly positioned on the Corner of Metropolitan Avenue and Leonard Street, a Premium Retail Corridor and just one block from the L and G subway lines. The Leonard Street Portfolio is surrounded by Williamsburg's most popular dining, shopping, parks, and cultural attractions. This portfolio is well-suited for an investor seeking stable, immediate income or a developer looking to maximize the potential of two contiguous lots in one of Brooklyn's fastest-growing and most vibrant neighborhoods.
Don't miss this rare opportunity to acquire a versatile, high income-producing portfolio with strong cash flow and long-term development upside-right in the heart of Williamsburg.