Beautiful Two-Family Home with Incredible Income Potential!
Welcome to 406 Chestnut Street, a charming and well-maintained two-family townhouse in the heart of East New York, Brooklyn. Nestled on a classic 20 × 100 ft lot, this property offers approximately 1,700 sq ft of living space across three levels—ideal for homeowners and investors alike.
The second-floor apartment features three spacious bedrooms, a sun-filled living room, and a full kitchen—perfect for a growing family or steady rental income. The first-floor unit includes two comfortable bedrooms, an open living area, and access to the private backyard. The finished basement offers a one-bedroom suite, great for guests, extended family, or potential accessory use (with proper approvals).
Located on a quiet, tree-lined block, this home is convenient to local shops, schools, and transportation. The area’s R5B zoning preserves the neighborhood’s character while still allowing opportunities for future upgrades or extensions.
Whether you choose to live in one unit and rent the other or hold it as a high-yield investment, 406 Chestnut Street delivers space, flexibility, and long-term value in one of Brooklyn’s most promising neighborhoods.
Realtors—bring your buyers! This home offers tremendous value and won’t last long. Schedule your showing today before it’s gone!
Listed by Jair J. Johnson
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Kings Home Realty Advisory Grp
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718-504-9686
Last updated November 12, 2025
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Source: OneKey #933353
Listing Facts
TypeMulti-family
NeighborhoodCity Line
Bedrooms5
Bathrooms3
Days on Prevu12
Taxes$2,676.36/year
Location
Mortgage Calculator
Listing History
11/07/2025
Listed by Kings Home Realty Advisory Grp
$789,000
Estimated Closing Costs
Total
$25,201
Attorney Fees
$4,000
Title Insurance
$3,551
Bank Attorney
$1,500
Mortgage Recording Tax
$12,150
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $789,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 406 Chestnut Street
Exterior
Construction
Number Of Units Total: 2
Property Attached: Yes
Year Built: 1899
Construction Materials: Brownstone
Measurements
Building Area Total: 1,704
Building Area Units: Square Feet
Lot Size Acres: 0.04
Lot Size Square Feet: 2,000
Financial
Taxes
Parcel Number: 04192-0030
Tax Annual Amount: $2,676.36
Tax Assessed Value: $48,060.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, Beamed Ceilings
Rooms
Basement: Finished
Has Basement: Yes
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 5
Parking
Parking
Parking Features: On Street
Schools
Elementary School
Elementary School: East New York Elementary-Excellence
Elementary School District: Brooklyn 19
High School
High School: Cypress Hills Collegiate Prep School
High School District: Brooklyn 19
Middle or Junior School
Middle Or Junior School: East New York Middle Sch-Excellence
Middle Or Junior School District: Brooklyn 19
Utilities
Equipment
Heating: Baseboard
Sewer: Public Sewer
Utilities: Natural Gas Available
Water Source: Public
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