Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
226 Ave Z

For Sale · Listing by Corcoran Group

226 Ave Z

Gravesend, Brooklyn

$2,300,000

Interested in this property?
Active For Sale • Multi Family

$2,300,000

$671 per sq ft

226 Ave Z

Gravesend, Brooklyn

MLS® #RLS20125700

RLS at REBNY

Listing by Corcoran Group

7
Bedrooms
4
Baths
3,426
Sq. Ft.
1965
Year Built

Quick Summary

Bedrooms 7
Bathrooms 4
Living Area 3,426 sq ft
Lot Size 8,002 sq ft
Year Built 1965
Ownership None
Property Taxes $16,095/yr
Parking Garage (1)
Neighborhood Gravesend
Floor 1 of 2

Property Highlights

  • Climate Control: Other
  • Parking: Private garage with 1 space

Property Details

Type Multi Family
Ownership None
Total Rooms 10
Baths 4 Full
Floor 1 of 2
Cooling Other
Pets Yes
Year Built 1965
Living Area 3,426 sq ft
Parking Garage Available (1 spaces)
Parking Features Garage
Structure Type MultiFamily
Furnished Unfurnished
Lot Size 8,002 sq ft
Block/Lot 06953/0042

Listing History

Event Date Price Change
Listed Nov 7, 2026 $2,300,000 -
Currently Nov 7, 2026 $2,300,000 -

Description

### A Rare Double-Lot Opportunity in Gravesend — Renovated Two-Family with Parking & Expansion Potential Welcome to 226 Avenue Z, a unique opportunity to own a beautifully renovated two-family property situated on an expansive double lot in the heart of Gravesend, Brooklyn. Extensively renovated within the past decade, this property offers a combination of generous living space, modern updates, and flexibility for both end users and investors. Featuring **7 bedrooms, 4 bathrooms, and a fully finished basement**, the home provides versatile living arrangements for multigenerational living, rental income, or an owner-occupied investment. Both residential units feature **split-system heating and cooling throughout**, offering year-round comfort and energy-efficient climate control. **What truly sets this property apart is its oversized double lot and exceptional parking capacity.** A private one-car garage, along with rear parking for approximately 4–5 additional vehicles, provides a level of convenience rarely found in Brooklyn. For buyers with an eye toward future possibilities, **architectural plans have already been drafted for a potential conversion from a two-family to a three-family residence**, subject to zoning requirements and city approvals. This presents an opportunity to explore additional rental income and long-term investment potential. Located in Gravesend, the property offers convenient access to neighborhood shopping, restaurants, everyday essentials, and public transportation, including the D train at Bay 50th Street. Coney Island's beaches, boardwalk, and entertainment destinations are also within easy reach. Whether you're seeking a spacious home, an income-producing investment, or a property with room to grow, **226 Avenue Z delivers a rare combination of space, parking, modern upgrades, and future potential—all on a double lot in Brooklyn.**

Features & Amenities

Interior Features

See Remarks

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Structure MultiFamily

Financial Details

RE Taxes $16,095/yr ($1,341/mo)

Gravesend offers a broad housing mix including semi-detached single-family homes, postwar co-op towers, and newly constructed boutique condominiums spread across a grid of low-traffic residential streets in southern Brooklyn. The D, F, and N subway lines serve the neighborhood at multiple stations along Kings Highway and Avenue U, connecting to Midtown Manhattan in about 45 minutes. Calvert Vaux Park provides 73 acres of green space and waterfront access along Coney Island Creek.

Gravesend Live Market Data

View Neighborhood

Active Listings

11

Median Asking Price

$850K

Median $/Sqft

$634

Avg Days on Market

N/A

New This Week

3

Price Reduced

18%

Sold (30 Days)

1

Median Sale Price

$440K

Live data from RLS at REBNY • Updated 11/6/26, 10:35 PM EST

Recently Sold in Gravesend

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Location

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226 Ave Z, Gravesend, Kings County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4
Floor Plan 5

Building Information

Official NYC property records for this building

1965
Year Built
61 years old
3
Floors
2
Residential Units
R5
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $91,380
Land Value: $40,020
Exemptions: $1,400

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 8,002 SF
Building Area: 3,426 SF
Built FAR: 0.43
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $16,095, or roughly $1,341 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 4 full bathrooms.

The listed interior living area is 3,426 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1965, making it approximately 61 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $2,300,000 for 3,426 sq ft, the asking price per square foot is approximately $671. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20125700
First Listed: 11/6/2026
On Market: 11/7/2026
Price Changed: 11/6/2026
Contract Date: 10/25/2026

Listing Courtesy of Corcoran Group - Soranlly Adames-Lopez

Listing Contact: (718) 577-7299

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/7/2026 at 3:35 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Gravesend Market Update

1 sale last 30 days · $850K median · 11 months supply

Read Full Report

New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Gravesend Borough Brooklyn
County Kings
Floor 1 of 2
Year Built 1965
First Listed 11/6/2026
Parking Garage (1)
Living Area 3,426 sqft
Annual Tax $16,095

Monthly Costs Estimate

Down Payment 20%

$460,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $1,341
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$28,750

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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