1034 Winthrop St Brooklyn, NY 11212
East Flatbush NeighborhoodEstimated payment $5,864/month
Highlights
- Wood Flooring
- Heating System Uses Steam
- Back Yard
- Brick Front
About This Home
Investment opportunity in Brooklyn with POTENTIAL TO BE DELIVERED VACANT. Featuring 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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,553
Year Built
- Built in 1930
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
- Property is zoned R6
Parking
- On-Street Parking
Home Design
- Mixed Use
- Poured Concrete
- Brick Front
Interior Spaces
- 3,280 Sq Ft Home
- 2-Story Property
- Wood Flooring
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
Listing and Financial Details
- Tax Block 4628
Community Details
Overview
- 3 Units
Building Details
- Fuel Expense $5,000
- Insurance Expense $8,250
- Gross Income $105,000
- Net Operating Income $82,197
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | Pending | -- | -- | -- |
| 05/07/2026 05/07/26 | For Sale | $999,999 | -- | $305 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $22,500 | Long Island Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $24,500 | Commercial | |
| Previous Owner | $159,250 | Commercial | |
| Previous Owner | $88,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 501246
APN: 04628-0007
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The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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