164 UNDERHILL Avenue, New York City, NY 11238
Listing Courtesy of Corcoran Group
$3,400,000
Potential Rebate: $51,000
Overview
Welcome to 164 Underhill Avenue, a remarkable property nestled in the heart of Brooklyn's coveted Prospect Heights neighborhood. This fully renovated five-family residence blends modern luxury with classic charm, making it an outstanding investment opportunity or a spacious home for an owner-occupant.<br> <br> Spanning 4,441 square feet, the property offers four bedrooms and seven bathrooms, providing both space and privacy. The owner's duplex stands out with two bedrooms, two-and-a-half bathrooms, and a private garden perfect for relaxing or entertaining. The kitchen features stainless steel appliances, two-toned custom cabinetry, and elegant marble countertops, creating a sophisticated yet functional space. Carrara marble bathrooms add a refined touch throughout. Split system heating and cooling provides year round comfort. <br> <br> The second and third floors include a renovated studio and a one-bedroom apartment, both offering strong rental income and consistent demand. All units are set up separately with mechanicals for heating, cooling and hot water. <br> <br> Set on a picturesque, tree-lined block, the property provides a quiet urban retreat while being close to the Brooklyn Botanic Garden and Prospect Park. Enjoy easy access to neighborhood favorites like Radio Bakery, Leland Eating and Drinking House, and Union Market, with the Grand Army Plaza Farmers Market just a short walk away. Conveniently connect to the 2, 3, 4, 5, B, D, N, Q, and R trains at Atlantic Terminal, and it's also within walking distance of Barclays Center.
Home Features
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Estimated Monthly Payment
$18,822 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$51,000
Monthly savings impact
$142/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).
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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 Corcoran Group
Data Source: TRESTLE #RLS20055655
Price Analysis
Compare average listing prices and value metrics for 164 UNDERHILL Avenue against the surrounding Prospect Heights market.
Average List Price
Price Per SqFt
35.14% Lower
than the Prospect Heights price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Prospect Heights
Overview of Prospect Heights
Prospect Heights is the cool, cultural cousin of Park Slope. Smaller, diverse, and anchored by Brooklyn's biggest cultural heavyweights (The Museum, The Library, The Garden), it has rapidly become a top destination. For buyers seeking Prospect Heights Brooklyn real estate, it offers brownstone charm with a slightly more relaxed, younger energy.
Living in Prospect Heights is convenient. Vanderbilt Avenue has become a premier dining street (often closed to cars for "Open Streets"). As a central Brooklyn NYC neighborhood, it is steps from everything that matters in the borough.
Real Estate & Housing Market
The market for homes for sale in Prospect Heights is a mix of stunning brownstones and pre-war co-ops. The blocks are generally quieter and sometimes wider than Park Slope.
New luxury condos, particularly the massive Pacific Park development (near Barclays), are adding modern inventory to the historic stock.
Lifestyle & Community
The lifestyle in Prospect Heights is culturally rich. You can spend a Saturday at the Brooklyn Museum, walk through the Botanic Garden, and have dinner at Olmsted. It feels intelligent and fun.
The community is a blend of long-time Caribbean residents and newer professionals. It has a strong, welcoming identity.
Transportation & Accessibility
Prospect Heights is excellent for transit. You have the 2/3 at Grand Army Plaza, the B/Q at 7th Ave, and the C nearby. Atlantic Terminal is a short walk.
It is centrally located, making it easy to get to both Manhattan and the beaches.
Parks, Schools & Amenities
Prospect Park and Grand Army Plaza form the neighborhood's southern border. The Saturdays Farmer's Market at Grand Army Plaza is one of the best in the city.
Amenities are world-class: The Brooklyn Museum, Brooklyn Botanic Garden, and Brooklyn Public Library (Central Branch) are all right here.
Who This Neighborhood Is Best For
Prospect Heights is best for culture vultures, foodies, and buyers who want the Park Slope perks but prefer a slightly smaller, more low-key neighborhood.
