NY > Brooklyn
Brooklyn, NY 11210,1586 East 22nd ST
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Brooklyn, NY 11210,1586 East 22nd ST
Brooklyn, NY 11210,1586 East 22nd ST
Brooklyn, NY 11210,1586 East 22nd ST
Brooklyn, NY 11210,1586 East 22nd ST
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Nia Casilla

Nia Casilla

+1(646) 712-0400
$ 1,900,000
Est. payment /mo
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Active

1586 East 22nd ST Brooklyn, NY 11210

11 Beds

6 Baths

5,451 SqFt

UPDATED:

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

Listed by Re/Max Real Estate Professiona
agent

Nia Casilla

Licensed Associate Broker | License ID: 10301208805

+1(646) 712-0400

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1586 East 22nd ST

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