3 Beds
2 Baths
1,176 SqFt
3 Beds
2 Baths
1,176 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $573
MLS Listing ID 980696
Style A-Frame
Bedrooms 3
Full Baths 2
HOA Y/N No
Rental Info No
Year Built 1901
Annual Tax Amount $826
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Single Family Residence
Source onekey2
Property Description
Prime Footprint: 2,000 sq. ft. lot with significant backyard space.
Blank Slate: Needs a full gut renovation; perfect for those looking to customize every detail or maximize rental income.
Investor's Dream: Currently one meter, but easily modernized for a dual-unit configuration.
Location: Settled in a rapidly developing pocket of Brooklyn with easy access to transit and local amenities.
With the recently passed City of Yes for Housing Opportunity initiative, the upside for this property has never been greater. Whether you are looking to create a luxury owner-duplex with a rental unit or maximize the buildable square footage for a long-term hold, 170 Milford is the ultimate "value-add" play.
Bring your contractor and your vision—this property is priced to sell and won't last.
Investment & Development Potential
The "City of Yes" Advantage
The City of Yes for Housing Opportunity (enacted/implemented in 2024-2025) provides several specific "levers" that an investor can pull for a property like 170 Milford St (Zoned R5B):
Accessory Dwelling Units (ADUs): You are now legally permitted to add one ADU (up to 800 sq. ft.) to a one- or two-family home. This could be a backyard cottage or a converted garage/cellar, effectively turning this into a high-income three-unit-style property.
Elimination of Parking Mandates: Previously, adding units often required adding off-street parking, which eats up valuable land. Under the new rules, these mandates are lifted, allowing you to use the full 2,000 sq. ft. lot for living space or green space rather than a driveway.
Easier Conversions: The new rules provide more flexibility for "missing middle" housing, making it easier to utilize the maximum floor area ratio (FAR) without the restrictive "sliver laws" or old-school height constraints that used to hamper small-lot developments.
Quick Stats for Pro-Forma
Zoning: R5B (Contextual District)
Lot Dimensions: 20 ft x 100 ft
Max FAR: Generally 1.35 in R5B (Check with an architect for "City of Yes" bonuses which can push buildable area further if specific affordability or ADU criteria are met).
Current Structure: Approx. 1,176 sq. ft. (Significant "air rights" potentially remain to be utilized).
Pro-Tip: Given the 100-foot lot depth, there is ample room to extend the rear of the building to maximize your square footage while still maintaining a sizable private garden for the ground-floor unit—a major selling point in the Brooklyn rental market.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Interior Features First Floor Full Bath, Formal Dining, Pantry, Primary Bathroom, Walk Through Kitchen
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Appliance Gas Range, Microwave, Refrigerator
Exterior
Parking Features None
Utilities Available Electricity Available, Natural Gas Available
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
Schools
Elementary Schools Ps 108 Sal Abbracciamento
Middle Schools Highland Park Community School
High Schools Brooklyn 19
School District Brooklyn 19
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
MORTGAGE CALCULATOR
