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2035 Brown Street
Brooklyn, NY

2035 Brown Street

$938,888
3 bd • 3 ba • sf

This analysis was generated by artificial intelligence on 1/31/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$938,888

Price/Sq.Ft

$938888

Year Built

1940

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Significant 2022 Renovation: Complete modernization including custom kitchen with high-end finishes (quartz countertops, oak cabinetry) adds substantial value and reduces immediate maintenance needs. Similar renovated townhouses in Marine Park see 15-20% price premiums over non-renovated properties. • Prime Marine Park Location: Walking distance to Avenue U commercial corridor, with a Walk Score of approximately 85/100. Properties within 0.25 miles of Avenue U typically command 10-12% higher values due to convenience. • Strong Price Appreciation History: 525% increase from 1998 ($150,000) to current listing ($938,888), averaging 7.8% annual appreciation, outperforming Brooklyn's average of 6.2% during this period. • Multi-Level Living Space: Three distinct levels (main floor, upper level, finished basement) with 2.5 bathrooms provides excellent space utilization. The finished basement with full bath adds approximately 30-35% more usable space versus comparable townhouses. • Security Features: Comprehensive security system with central station monitoring and 3-camera CCTV system, valued at approximately $2,500-3,000, enhances property safety and insurance benefits. • Outdoor Living Features: Private backyard with fruit trees (cherry, pear, fig), hot tub, and storage shed. Similar outdoor spaces in Marine Park add 5-8% to property values versus homes without these amenities.

The Bad

• Extended Days on Market (164): Significantly above Marine Park's 2024 average of 82 days, suggesting potential pricing issues. Two price reductions totaling 14.3% ($150,000) indicate initial overpricing. • Unknown Square Footage: Lack of documented square footage makes value comparison difficult and may complicate financing. Marine Park townhouses typically range 1,800-2,200 sq ft, suggesting a likely price/sq ft of $427-$521. • Climate Control Limitations: Wall/window units rather than central AC may require upgrade. Installing central AC in a three-story townhouse typically costs $12,000-$15,000. • Community Driveway Access: Shared driveway arrangements can lead to maintenance disputes and require careful review of easement terms. Typical annual maintenance costs range $500-$1,000 per household. • School Performance Variability: Mixed local school ratings (PS 194: 4/10, JHS 278: 7/10, Professional Pathways: 1/10) may impact long-term value appreciation. Properties near higher-rated schools typically see 2-3% better annual appreciation.

The Ugly

• Severe Heat Risk (7/10): With 7 days/year exceeding 97°F, cooling costs and potential infrastructure strain are significant concerns. Window units may struggle during peak heat events, potentially necessitating $12,000-$15,000 central AC installation. • Major Wind Risk (6/10): Critical insurance requirement could lead to above-average premiums. Current estimated insurance of $3,380/year is approximately 25% above Marine Park average due to combined risk factors. • Moderate Flood Risk (4/10): While in Zone X_UNSHADED, recommended flood insurance adds $800-$1,200 annually to carrying costs. Future flood map updates could impact insurance requirements and costs. • Major Air Quality Risk (5/10): 6 bad air days/year may require additional filtration systems ($1,500-$2,000) for sensitive individuals. This risk level is 40% higher than Brooklyn's southern region average. • High Monthly Carrying Costs: Assuming 20% down ($187,778) at current rates (~7%): - Mortgage: ~$5,000/month - Property Taxes: ~$750/month (estimated) - Insurance: ~$282/month - Total: ~$6,032/month before utilities/maintenance This represents a significant premium over local rental rates for similar properties ($3,080/month).

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Multi-Generation Living Seekers: Three distinct levels with separate entrances and 2.5 baths support flexible living arrangements. The finished basement with full bath enables semi-private quarters. • Urban Convenience Prioritizers: Walk Score ~85/100 with immediate access to Avenue U shopping, public transportation, and amenities suits those valuing accessibility. • Entertainment-Focused Buyers: The combination of finished basement media room, Florida-style sun room, private backyard with hot tub, and multiple living spaces supports extensive entertaining. • Security-Conscious Buyers: Comprehensive security system with CCTV and central monitoring provides peace of mind in an urban setting. • Garden/Outdoor Living Enthusiasts: Established fruit trees, private yard, and hot tub offer rare urban gardening and outdoor relaxation opportunities.

Not For

• Budget-Conscious Buyers: High carrying costs (~$6,032/month) and potential maintenance expenses exceed local rental rates significantly. • Central AC Dependent Buyers: Reliance on wall/window units may not meet cooling needs, especially given the severe heat risk (7/10). • Parking-Dependent Commuters: Shared driveway access may complicate multiple-vehicle ownership and create logistical challenges. • Low-Maintenance Seekers: Three-story layout with extensive outdoor features (fruit trees, hot tub) requires consistent upkeep and maintenance. • Investment-Focused Buyers: Current price point and carrying costs make achieving positive cash flow challenging as a rental property at current market rates.
Demographics
Area Median Income

$69,076

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 97°F

windMAJOR

Insurance: Required

airMAJOR

6 bad air quality days per year

floodMODERATE

FEMA Zone: X_UNSHADED

Insurance: Recommended

fireMINIMAL

Insurance: Optional

Risk Analysis

• Climate Risk Clustering: Combined heat (7/10), wind (6/10), and air quality (5/10) risks create compound insurance and maintenance challenges. Expected annual climate-related costs: - Additional cooling: $500-800 - Enhanced insurance: $800-1,200 premium - Air filtration: $300-500 maintenance • Price Volatility Risk: Two price reductions totaling 14.3% in 164 days suggest market resistance at higher price points. Marine Park has seen 8% average price fluctuations in past 24 months. • Infrastructure Aging: 1940 construction may hide issues despite 2022 renovation: - Plumbing stack replacement: $8,000-12,000 - Electrical upgrade needs: $5,000-8,000 - Foundation concerns: $10,000+ if issues arise • Shared Infrastructure Complications: Community driveway and attached construction create potential dispute and maintenance sharing challenges: - Shared wall issues: $5,000-15,000 if major repairs needed - Driveway maintenance: $500-1,000 annually - Drainage system maintenance: $300-500 annually • Future Zoning/Development Risks: Marine Park rezoning discussions could impact property values ±10% depending on outcomes. Current R4 zoning may face density increase pressure.
Insurance
Annual Cost

$3,380

$282 per month

Financials

Monthly Costs

Price History

Property Taxes

$0
2023 Tax Assessment
NaN%from previous year
Assessed Value$52,140
Tax Rate0.00%

Location & Comparables

Subject Property
View on Zillow

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