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170 Milford Street

Brooklyn, NY 11208
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Bed 3

Bed

Bath 2

Bath

SqFt1,176

Sqft

Acres0.05

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $615,000

AD Id : 76794884

MLS Id : 980696

Beds : 3

Lot Size : 0.05 Acre

Living Area Size : 1,176

Year Built : 1901

County : Kings (Brooklyn)

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 8 Basement: Full
  • Flooring Information

    Wood
  • Interior Features

    Pantry Appliances: Gas Range, Microwave, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1901 Building Area Total: 1176 Construction Materials: Aluminum Siding Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0459 Lot Size Square Feet: 2000

  • Listing Price Information

    Listing Price: $615000 Original Price: $675000

  • Tax Information

    Parcel Number: 04008-0026 Annual Tax: $826.12

  • Parking Information

    No Garage, None

  • School Information

    Elementary School: Ps 108 Sal Abbracciamento
    Junior High School: Highland Park Community School
    Senior High School: Brooklyn Lab School
  • Utility Information

    Natural Gas Available, Electricity Available
  • Location Information

    Direction: Use Google maps WaterSource: Public
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Nearby Home Value

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983 Crescent Street, Brooklyn, NY, 11208 $550,000 -- -- 3,536 3,536 SqFt
193 Forbell Street, Brooklyn, NY, 11208 $980,000 3 3 1,392 1,392 SqFt
193 Forbell Street, Brooklyn, NY, 11208 $980,000 3 3 1,392 1,392 SqFt
3476 Fulton Street, Brooklyn, NY, 11208 $999,000 -- -- --
37 Grant Avenue, Brooklyn, NY, 11208 $739,000 3 2 1,272 1,272 SqFt
86 Nichols Avenue, Brooklyn, NY, 11208 $975,000 5 3 1,720 1,720 SqFt
956 Hegeman Avenue, Brooklyn, NY, 11208 $929,000 3 2 900 900 SqFt
180 Fountain Avenue, Brooklyn, NY, 11208 $739,500 3 2 1,497 1,497 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/17/2026 @ 03:33

MLS: 980696 LISTED BY: Asha Rampersad, Douglas Elliman Real Estate 516-354-6500 SOURCE: OneKey MLS

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