1586 East 22nd ST Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11210
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,451 sqft
Price per Sqft $348
MLS Listing ID 492792
Bedrooms 11
Full Baths 6
Year Built 1926
Annual Tax Amount $29,000
Property Sub-Type Multi-Family
Property Description
Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0%
Investment Highlights:
Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood.
Prime Location: Proximity to transportation and retail increases desirability for renters.
Brick Construction: Durable, low maintenance.
Private Parking: A rare and valuable amenity in Brooklyn.
Location
State NY
County Kings (brooklyn)
Area Midwood
Zoning R4-1
Rooms
Basement Unfinished
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood,Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access Unknown
Building
Story 3
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash