Listing Courtesy of Douglas Elliman Real Estate
$1,195,000
Potential Rebate: $17,925
<p>Introducing a strong investment opportunity in the heart of Brownsville - a 4-unit brick property on Rockaway Parkway, ideally positioned near Linden Boulevard. With nearly 3,200 sq. ft. of interior space, this property offers both solid income potential and long-term value in a rapidly developing Brooklyn neighborhood.</p> <p>The building features four residential units - three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath unit - providing multiple rental income streams. The finished basement adds tremendous versatility, offering two additional bathrooms and two kitchenettes, ideal for supplemental space or future configuration potential.</p> <p>Situated near Sutter Avenue (3 train) and Utica Avenue (4 train), the property offers convenient access to Manhattan and other parts of Brooklyn, making it a desirable location for tenants seeking connectivity and accessibility.</p> <p>Residents will also enjoy proximity to Lincoln Terrace Park, which offers outdoor amenities such as tennis courts, basketball, and a playground - a great neighborhood attraction that supports tenant retention and rental appeal. Additionally, a bilingual school just up the block adds to the area's community-focused environment.</p> <p>With its size, layout, and location, this property represents a rare opportunity to acquire a high-yield multi-unit asset in a growing area with consistent rental demand. Whether you're looking to expand your portfolio or start your investment journey, this Brownsville property delivers strong fundamentals and room for upside.</p>
$6,841 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$17,925
Monthly savings impact
$50/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20055565

Compare average listing prices and value metrics for 136 ROCKAWAY Parkway against the surrounding Brownsville market.
than the Brownsville price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Brownsville.
Brownsville is a neighborhood with deep roots and a strong sense of community survival. Known for its high concentration of public housing, it is also a cultural incubator that has produced legends like Mike Tyson. For buyers seeking Brownsville Brooklyn real estate, the market is primarily focused on small multi-family investment properties.
Living in Brownsville is about grit and community. As a Brooklyn NYC neighborhood, it remains one of the most affordable and authentic areas left.
The market for homes for sale in Brownsville is investor-heavy. You can find stone and brick rowhouses at price points unseen elsewhere in Brooklyn.
The lifestyle in Brownsville is centered on the block. Community centers like the Brownsville Recreation Center are vital hubs.
Brownsville is served by the 3 and L trains. Transit access is solid.
Betsy Head Park recently underwent a massive $30 million renovation.
Amenities: The purely local shopping on Pitkin Avenue.
Brownsville is best for investors and pioneer homeowners looking for rock-bottom prices.

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