170 Milford Street, Brooklyn, NY 11208
Local realty services provided by:ERA Insite Realty Services
170 Milford Street,Brooklyn, NY 11208
$615,000
- 3 Beds
- 2 Baths
- 1,176 sq. ft.
- Single family
- Active
Listed by: asha r. rampersad
Office: douglas elliman real estate
MLS#:980696
Source:OneKey MLS
Price summary
- Price:$615,000
- Price per sq. ft.:$522.96
About this home
Calling all investors and developers! 170 Milford Street is a blank canvas awaiting its next chapter. Situated on a generous 2,000 sq. ft. lot (20’ x 100’), this property is currently configured as a single-family home but holds a legal two-family status in city records offering a seamless path to a high-yield conversion.
Prime Footprint: 2,000 sq. ft. lot with significant backyard space.
Blank Slate: Needs a full gut renovation; perfect for those looking to customize every detail or maximize rental income.
Investor’s Dream: Currently one meter, but easily modernized for a dual-unit configuration.
Location: Settled in a rapidly developing pocket of Brooklyn with easy access to transit and local amenities.
With the recently passed City of Yes for Housing Opportunity initiative, the upside for this property has never been greater. Whether you are looking to create a luxury owner-duplex with a rental unit or maximize the buildable square footage for a long-term hold, 170 Milford is the ultimate "value-add" play.
Bring your contractor and your vision—this property is priced to sell and won’t last.
Investment & Development Potential
The "City of Yes" Advantage
The City of Yes for Housing Opportunity (enacted/implemented in 2024-2025) provides several specific "levers" that an investor can pull for a property like 170 Milford St (Zoned R5B):
Accessory Dwelling Units (ADUs): You are now legally permitted to add one ADU (up to 800 sq. ft.) to a one- or two-family home. This could be a backyard cottage or a converted garage/cellar, effectively turning this into a high-income three-unit-style property.
Elimination of Parking Mandates: Previously, adding units often required adding off-street parking, which eats up valuable land. Under the new rules, these mandates are lifted, allowing you to use the full 2,000 sq. ft. lot for living space or green space rather than a driveway.
Easier Conversions: The new rules provide more flexibility for "missing middle" housing, making it easier to utilize the maximum floor area ratio (FAR) without the restrictive "sliver laws" or old-school height constraints that used to hamper small-lot developments.
Quick Stats for Pro-Forma
Zoning: R5B (Contextual District)
Lot Dimensions: 20 ft x 100 ft
Max FAR: Generally 1.35 in R5B (Check with an architect for "City of Yes" bonuses which can push buildable area further if specific affordability or ADU criteria are met).
Current Structure: Approx. 1,176 sq. ft. (Significant "air rights" potentially remain to be utilized).
Pro-Tip: Given the 100-foot lot depth, there is ample room to extend the rear of the building to maximize your square footage while still maintaining a sizable private garden for the ground-floor unit—a major selling point in the Brooklyn rental market....
Contact an agent
Home facts
- Year built:1901
- Listing ID #:980696
- Added:49 day(s) ago
- Updated:May 24, 2026 at 10:39 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Dining Description:Formal Dining
- Kitchen Description:Microwave, Pantry, Refrigerator, Walk Through Kitchen
- Basement:Yes
- Basement Description:Full
- Living area:1,176 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1901
- Building area:1,176 sq. ft.
- Lot area:0.05 Acres
- Construction Materials:Aluminum Siding
Schools
- High school:Brooklyn Lab School
- Middle school:Highland Park Community School
- Elementary school:Ps 108 Sal Abbracciamento
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$615,000
- Price per sq. ft.:$522.96
- Tax amount:$826 (2025)
Features and amenities
- Appliances:Microwave, Refrigerator
New listings near 170 Milford Street
- New
$999,999Active6 beds 2 baths1,720 sq. ft.439 Forbell Street, Brooklyn, NY 11208
MLS# 1003840Listed by: MEGA HOMES REALTY INC - New
$3,199,000Active0.13 Acres6801 Ridge Boulevard, Brooklyn, NY 11220
MLS# 501706Listed by: RE/MAX REAL ESTATE PROFESSIONA - New
$1,150,000Active4 beds 3 baths1,130 sq. ft.1613 East 15th Street, Brooklyn, NY 11229
MLS# 501704Listed by: KING ZONE REALTY INC - New
$275,000Active2 beds 1 baths1,000 sq. ft.40 E 43rd Street #3B, Brooklyn, NY 11203
MLS# 1003716Listed by: DOUGLAS ELLIMAN REAL ESTATE - New
$930,000Active3 beds 2 baths1,785 sq. ft.1602 East 34th Street, Brooklyn, NY 11234
MLS# 501680Listed by: TIGER REALTY
$1,499,000Active9 beds 7 baths3,756 sq. ft.933 Cleveland Street, Brooklyn, NY 11208
MLS# 951598Listed by: OUR COMMUNITY REALTY LTD
$1,499,000Active9 beds 7 baths3,723 sq. ft.929 Cleveland Street, Brooklyn, NY 11208
MLS# 951599Listed by: OUR COMMUNITY REALTY LTD- New
$299,999Active1 beds 1 baths750 sq. ft.2942 West 5th Street #9O, Brooklyn, NY 11224
MLS# 1000717Listed by: HOWARD HANNA RAND REALTY - New
$828,900Active3 beds 3 baths1,926 sq. ft.2643 East 24th Street #1A, Brooklyn, NY 11235
MLS# 501668Listed by: RE/MAX EDGE - New
$1,650,000Active9 beds 5 baths2,160 sq. ft.2514 East 24 Street, Brooklyn, NY 11235
MLS# 501697Listed by: TIGER REALTY