---
title: "164 UNDERHILL Avenue, New York City, NY 11238"
description: "164 UNDERHILL Avenue, New York City, NY 11238 — Multi Family Home in Prospect Heights, Brooklyn, NY. Listing Price $3,400,000. 4 bed, 7 bath, 4,441 sqft Illustrative Buyer Commission Share of $51,000 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/164-underhill-avenue-ny-11238"
source: "Real Estate Rebate Team"
status: "Active"
---

# 164 UNDERHILL Avenue, New York City, NY 11238

Multi Family Home in Prospect Heights, Brooklyn, NY

Courtesy of Corcoran Group

## At a Glance

- **Listing Price**: $3,400,000
- **Beds**: 4
- **Total Baths**: 7
- **Sqft**: 4,441
- **Monthly Taxes**: $2,021 / mo
- **Price per Sqft**: $766
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $3,400,000
- **Illustrative Buyer Commission Share**: -$51,000*
- **Illustrative Net Cost**: $3,349,000

*Illustrative Buyer Savings of $51,000 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (3)

![164 UNDERHILL Avenue, New York City, NY 11238 — photo 1 of 3](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/48d7f046-b8d7-457d-81e5-a6abe35bbd77.jpg)
![164 UNDERHILL Avenue, New York City, NY 11238 — photo 2 of 3](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/36612d40-b999-427a-9200-fa06c923a3f9.jpg)
![164 UNDERHILL Avenue, New York City, NY 11238 — photo 3 of 3](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/911c40cc-6ac6-4fd3-9398-bf43172dd150.jpg)

## Property Overview

Perfect 1031 Tax Exchange Property!

 Welcome to 164 Underhill Avenue, a remarkable property nestled in the heart of Brooklyn's coveted Prospect Heights neighborhood. This fully renovated five-family residence blends modern luxury with classic charm, making it an outstanding investment opportunity or a spacious home for an owner-occupant.

 Spanning 4,441 square feet, the property offers four bedrooms and seven bathrooms, providing both space and privacy. The owner's duplex stands out with two bedrooms, two-and-a-half bathrooms, and a private garden perfect for relaxing or entertaining. The kitchen features stainless steel appliances, two-toned custom cabinetry, and elegant marble countertops, creating a sophisticated yet functional space. Carrara marble bathrooms add a refined touch throughout. Split system heating and cooling provides year round comfort.

 The second and third floors include a renovated studio and a one-bedroom apartment, both offering strong rental income and consistent demand. All units are set up separately with mechanicals for heating, cooling and hot water.

 Set on a picturesque, tree-lined block, the property provides a quiet urban retreat while being close to the Brooklyn Botanic Garden and Prospect Park. Enjoy easy access to neighborhood favorites like Radio Bakery, Leland Eating and Drinking House, and Union Market, with the Grand Army Plaza Farmers Market just a short walk away. Conveniently connect to the 2, 3, 4, 5, B, D, N, Q, and R trains at Atlantic Terminal, and it's also within walking distance of Barclays Center.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 4
- **Total Baths**: 7
- **Rooms**: 15
- **Sqft**: 4,441 sqft
- **Stories**: 2
- **Year Built**: 1900
- **Price per Sqft**: $766
- **Monthly Taxes**: $2,021 / mo
- **Listed On**: Oct 20, 2025
- **Days on Market**: 327 Days

### Residence Features

- Building Other
- Private Outdoor Space Over 60 Sqft
- Smoke Free

## Sales Evidence

### Recent closed sales

164 UNDERHILL Avenue has 2 recorded sales since September 2021, the most recent for $1,397,164 in August 2024. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 1 (Apartment) | 2 | — | $1,397,164 | — | August 12, 2024 | City record · MLS |
| Entire property (Single Family Residence) | 5 | 3,400 | $1,850,000 | $544/ft² | October 13, 2021 | MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable house sales in Prospect Heights is $3,640,000, based on 8 sales between October 2021 and June 2026. This home is asking $3,400,000, $240,000 below that median. The middle half of those sales closed between $2,790,000 and $5,149,999.

- **Median closed price**: $3,640,000
- **Middle half**: $2,790,000 – $5,149,999
- **Based on**: 8 house sales in Prospect Heights
- **Period**: October 2021 – June 2026
- **Median $/ft²**: $1,091/ft²

Across the 3 of these sales with a published asking price, the median closed at 95.7% of what it originally asked. 100% of them closed below the original ask.

A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Prospect Heights. Apartment sales are excluded from it entirely.

### How these sales were negotiated

- **Sold vs original ask**: 95.7% of the original ask
- **Closed below ask**: 100% of 3 sales
- **Listed → in contract**: 38 days (about 5 weeks)
- **In contract → closed**: 57 days (about 8 weeks)

Across the 3 of these sales with a published asking price, the median closed at 95.7% of what it originally asked. 100% of them closed below the original ask.

Half of these homes were in contract within 38 days (about 5 weeks) of coming to market, based on the 7 with a recorded listing date.

Once a deal was agreed, closing took a further 57 days (about 8 weeks), based on the 7 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 8 house sales in Prospect Heights, October 2021 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 164 UNDERHILL Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/164-underhill-avenue)

## Price and Property History for 164 UNDERHILL Avenue

Review the recorded listing activity for 164 UNDERHILL Avenue, including asking-price changes and prior market dates.

| Date | Price | Listing event |
| --- | --- | --- |
| May 4, 2026 | $3,400,000 | Returned to the market |
| October 20, 2025 | $3,400,000 | Listed for sale by Corcoran Group |

## Property Tax History

Taxes at 164 UNDERHILL Avenue were $25,045 in 2026, up 3.2% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $571,500 | $103,500 | $468,000 | $200,356 | $25,045 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $495,450 | $103,500 | $391,950 | $194,091 | $24,261 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $557,280 | $103,500 | $453,780 | $179,719 | $22,465 | 12.5% |
| 2023 (FY 2023/24) | $464,400 | $103,500 | $360,900 | $166,417 | $20,805 | 12.502% |
| 2022 (FY 2022/23) | $456,300 | $103,500 | $352,800 | $154,120 | $18,906 | 12.267% |
| 2021 (FY 2021/22) | $364,950 | $103,500 | $261,450 | $154,120 | $18,857 | 12.235% |
| 2020 (FY 2020/21) | $354,150 | $103,500 | $250,650 | $149,301 | $18,315 | 12.267% |
| 2019 (FY 2019/20) | $329,850 | $103,500 | $226,350 | $138,245 | $17,243 | 12.473% |
| 2018 (FY 2018/19) | $128,013 | — | — | $128,013 | $16,145 | 12.612% |
| 2017 (FY 2017/18) | $118,554 | — | — | $118,554 | $15,079 | 12.719% |
| 2016 (FY 2016/17) | $118,554 | — | — | $118,554 | $15,284 | 12.892% |
| 2015 (FY 2015/16) | $114,847 | — | — | $114,847 | $14,796 | 12.883% |
| 2014 (FY 2014/15) | $106,343 | — | — | $106,343 | $13,670 | 12.855% |
| 2013 (FY 2013/14) | $98,472 | — | — | $98,472 | $12,944 | 13.145% |
| 2012 (FY 2012/13) | $91,196 | — | — | $91,196 | $12,021 | 13.181% |
| 2011 (FY 2011/12) | $91,196 | — | — | $91,196 | $12,250 | 13.433% |
| 2010 (FY 2010/11) | $88,344 | — | — | $88,344 | $11,797 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 3011650053. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 164 UNDERHILL Avenue

Prospect Heights · Multi Family

164 UNDERHILL Avenue, Brooklyn, NY 11238

A building in Prospect Heights, currently featuring 1 active listing.

- **Year Built**: 1900
- **Total Units**: 1
- **Floors**: 2

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/164-underhill-avenue)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11238/164-underhill-avenue-ny-11238) | 4 | 7 | 4,441 sqft | $766 | $3,400,000 | Corcoran Group | Oct 20, 2025 | 327 days |

## Estimated Monthly Payment

**$19,213 / month**, assuming a 20% down payment ($680,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $17,192
- **Property Taxes**: $2,021

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Prospect Heights

Overview of Prospect Heights

[Explore Prospect Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Prospect Heights

- [Park Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope)
- [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill)
- [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene)
- [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill)
- [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park)
- [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus)

## Related Links

- [164 UNDERHILL Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/164-underhill-avenue)
- [Prospect Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.