705 Schenck Avenue, New York City, NY 11207
Listing Courtesy of Compass
$950,000
Potential Rebate: $14,250
Overview
Discover this newly renovated two-family home situated in the vibrant and evolving neighborhood of East New York. This property is perfect for both first-time homebuyers and savvy investors, offering modern living with income potential.
Enter through the parlor level to find an open-concept living room and kitchen, featuring sleek white cabinets, quartz countertops, and stainless steel appliances, including a dishwasher and stove. All bedrooms are positioned at the rear, and you’ll find a staircase leading to a fully finished, windowed basement, complete with tiled flooring and a full bathroom. Access to a private backyard is available from the basement.
The top floor hosts three spacious queen-sized bedrooms, mirroring the layout of the duplex below, but with the added luxury of a private terrace at the front of the home.
Occupy the duplex unit and leverage rental income from the upper unit to offset mortgage costs.The property's location and amenities make it attractive for tenants, promising a good rental yield.
Just two blocks from the Van Siclen Avenue subway station, offering easy access to the rest of New York City.
Local Attractions: Close proximity to Shirley Chisholm State Park and the Gateway Center, with a range of shopping and dining options.
Home Features
- •Baseboard
- •Common On Floor
- •See Remarks
- •Balcony
- •Private Entrance
- •Private Outdoor Space Over 60 Sqft
- •Eat-in Kitchen
- •Granite Counters
Estimated Monthly Payment
$4,834 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$14,250
Monthly savings impact
$40/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20055254
Price Analysis
Compare average listing prices and value metrics for 705 Schenck Avenue against the surrounding New Lots market.
Average List Price
Price Per SqFt
23.18% Lower
than the New Lots price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
