242 ALBANY Avenue, New York City, NY 11213
Listing Courtesy of Corcoran Group
$2,250,000
Potential Rebate: $33,750
Overview
<strong>Welcome to 242 Albany Avenue, a brand new gut renovated two family townhouse situated on a landmarked block in the heart of Crown Heights. Spanning approximately 2,525 interior square feet with an additional 1,214 square feet of exterior space, this residence combines thoughtful design, modern comfort and historic Brooklyn character.<br> </strong><br> The owner's duplex showcases wide plank white oak floors, exposed brick, and a floating glass staircase that creates an elegant and cohesive architectural statement. The parlor level features an open living and dining area that transitions seamlessly into a beautifully appointed U shaped kitchen. This bright and inviting space is designed for effortless everyday living as well as comfortable entertaining. From the kitchen, double doors lead to a private deck that flows to a tranquil garden, offering a peaceful outdoor retreat suited for both gatherings and quiet relaxation. Southeast facing windows bring abundant sunlight into the living and kitchen areas throughout the day.<br> <br> The second level of the duplex features ceilings that rise to nearly ten feet. Here you will find a spacious primary bedroom complete with an en suite bathroom with dual sinks. Two additional bedrooms, a second full bathroom and a dedicated laundry station complete this thoughtfully planned floor. <br> <br> The lower level of the duplex includes a versatile recreation room with a half bathroom and substantial storage options, making it ideal for a variety of lifestyle needs.<br> <br> The garden level hosts a well appointed two bedroom, one bathroom rental unit with direct access to the backyard. This space provides excellent income potential or flexibility for extended living arrangements.<br> <br> Additional highlights include white oak hardwood flooring, restored exposed brick, a striking glass staircase integrated into the living area, and a double door entry that enhances the home's presence on this historic block.<br> <br> Crown Heights offers a vibrant mix of culture, dining and convenience. Nearby attractions include Brower Park, the Brooklyn Children's Museum, Barboncino, Basil, Mayfield, Catfish, Glady's and Café Cotton Bean. Access to the A, C, 3 and 4 trains along with several local bus routes makes travel throughout Brooklyn and the rest of New York City simple and efficient.<br>
Home Features
- •Central Air
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
- •Washer Dryer Allowed
Estimated Monthly Payment
$11,498 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$33,750
Monthly savings impact
$94/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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Listing Courtesy of Serhant
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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 #RLS20063487
Price Analysis
Compare average listing prices and value metrics for 242 ALBANY Avenue against the surrounding Crown Heights market.
Average List Price
Price Per SqFt
16.69% Lower
than the Crown 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.
Crown Heights
Overview of Crown Heights
Crown Heights is a neighborhood of contrasts and energy. Combining the Caribbean heritage of the West Indian Day Parade with a booming young professional scene, it is one of Brooklyn's most dynamic areas. For buyers seeking Crown Heights Brooklyn real estate, it offers proximity to cultural institutions and spacious pre-war housing.
Living in Crown Heights is vibrant. Franklin Avenue is one of the trendiest dining strips in the borough, while Eastern Parkway offers a grand, tree-lined promenade designed for sunday strolls.
Real Estate & Housing Market
The market for homes for sale in Crown Heights is diverse. To the north, you find grand townhouses and limestone mansions. To the south, large pre-war elevator buildings offer co-ops and rentals.
It is a market that offers value compared to neighboring Prospect Heights, while sharing many of the same amenities.
Lifestyle & Community
The lifestyle in Crown Heights is eclectic. Residents drink cocktails at intricate speakeasies on Franklin Ave, buy spices at Caribbean markets on Nostrand, and visit the Brooklyn Children's Museum.
The community is a unique blend of Afro-Caribbean families, the Chabad-Lubavitch Jewish community, and new residents.
Transportation & Accessibility
Crown Heights has distinct transit advantages. The 2/3/4/5 express trains on Eastern Parkway whisk commuters to Wall Street in 20 minutes.
The A/C trains serve the northern section, providing excellent coverage.
Parks, Schools & Amenities
Brower Park is a local favorite, and the neighborhood borders the Brooklyn Botanic Garden. The Weeksville Heritage Center provides deep historical context to the area.
Amenities are rich: varied dining, proximity to the Brooklyn Museum, and strong community centers.
Who This Neighborhood Is Best For
Crown Heights is best for diversity seekers, commuters (the express trains are unbeatable), and buyers wanting spacious pre-war apartments near Prospect Park.
