170 Milford St, Brooklyn, NY

Name: 170 Milford St, For Sale in Brooklyn - eXp Realty
Brand: Douglas Elliman Real Estate
SKU: 980696
Price: 675000 USD

House

For Sale

Listed price in listed location currency (USD).

$675,000

320

MLS® 980696

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1176 sqft

Garage

Taxes $826

Days Active 12

Lot Size

Approx. Age 1901

Avg. Price Per Sqft $573

MLS® Number 980696

Property Address: 170 Milford St, Brooklyn, NY, 11208-2416

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number980696

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1901

BasementFull

DrivewayNone

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 4, 2026List Date

$675,000List Price

Home Appraisal

This property is estimated to sell between: $658,000 and $684,000.

Similar properties in this area sold on average for: $658,416

Expected to sell in 63 days. Similar properties sold in 75 days. This home has been on eXp Realty for 12 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

Commute

Starting Address

Destination Address

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