1034 Winthrop St Brooklyn, NY 11212
East Flatbush NeighborhoodEstimated payment $5,801/month
Highlights
- Entrance Foyer
- Central Air
- Heating System Uses Steam
About This Home
Investment opportunity in Brooklyn POTENTIAL TO BE DELIVERED VACANT. Strong in-place income with additional upside potential. The property consists of three 2-bedroom residential units and a ground-floor commercial space, all currently occupied with very cooperative tenants in place, providing immediate cash flow from day one. Current income is approximately $105,000 annually, with under-market residential rents offering a clear path to increased returns. Two of the three residential units present the opportunity for rental growth, with comparable renovated units in the area supporting higher market rents. The commercial unit provides stable supplemental income, adding to the overall strength of the asset. An additional income stream is also a possibility further enhancing cash flow. Investors will appreciate the balance of existing income and value-add potential, making this an ideal opportunity for both seasoned and entry-level investors looking to grow their portfolio in a steadily appreciating Brooklyn market. Conveniently located near transportation, shopping, and neighborhood amenities, this property is well-positioned for long-term appreciation and income growth. Whether you’re seeking a stable hold with upside or a value-add play, This property checks all the boxes.
Listing Agent
Keller Williams Rlty Landmark Brokerage Phone: 718-475-2700 License #10401358447 Listed on: 05/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,553
Year Built
- Built in 1930
Lot Details
- 3,280 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- Entrance Foyer
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Schools
- Ps 184 Newport Elementary School
- Brooklyn Collegiate Middle School
- Brooklyn Democracy Academy High School
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 04628-0007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,607 | $220,500 | $13,950 | $206,550 |
| 2025 | $5,428 | $197,100 | $13,950 | $183,150 |
| 2024 | $5,428 | $164,160 | $13,950 | $150,210 |
| 2023 | $4,933 | $205,200 | $13,950 | $191,250 |
| 2022 | $4,560 | $171,000 | $13,950 | $157,050 |
| 2021 | $4,162 | $136,755 | $13,950 | $122,805 |
| 2019 | $4,212 | $110,700 | $13,950 | $96,750 |
| 2018 | $3,934 | $30,934 | $4,678 | $26,256 |
| 2017 | $3,646 | $28,666 | $4,992 | $23,674 |
| 2016 | $3,422 | $26,544 | $5,111 | $21,433 |
| 2015 | $2,222 | $26,544 | $5,963 | $20,581 |
| 2014 | $2,222 | $25,690 | $6,925 | $18,765 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $999,999 | -- | $305 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $22,500 | Long Island Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $24,500 | Commercial | |
| Previous Owner | $159,250 | Commercial | |
| Previous Owner | $88,000 | Commercial |
Source: OneKey® MLS
MLS Number: 994720
APN: 04628-0007
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.