$1,900,000

1586 E 22nd St Unit 6 Brooklyn, NY 11210

Midwood Neighborhood

Estimated payment $12,770/month

Total Views 1,933
11 Beds
6 Baths
5,451 Sq Ft
$349 Price per Sq Ft

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Baseboard Heating
  • P.S. 197 Kings Highway Academy (The) Rated A-

About This Home

Excellent Investment Opportunity! All Brick Semi-Attached 6 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.

Listing Agent

Long Tommy Ngo

RE/MAX Real Estate Professionals License #10401245204 Listed on: 05/18/2025

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,000

Year Built

  • Built in 1926

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 100 x 30

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 5,451 Sq Ft Home
  • 3-Story Property
  • Stove
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • 200+ Amp Service
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6768

Community Details

Overview

  • 5 Units

Building Details

  • Fuel Expense $5,600
  • Insurance Expense $7,000
  • Utility Expense $1,500
  • Gross Income $196,068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,000

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Total Bathrooms: 6.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Beds Total Level1: 3
  • Beds Total Level2: 4
  • Beds Total Level3: 4
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1817
  • Building Length: 79.00
  • Building Width: 23.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue O
  • Cross Street Name2: Avenue P
  • Gross Lease: 149268
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard
  • Number Of Families: 5
  • Parking Attributes: 1 Space, Other
  • Parking Feature Single: Carport
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 5451
  • Building Stories: 3
  • Street Name I D X: 22nd
  • Street Number I D X: 1586
  • Year Built: 1926
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 11
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 3000

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 19
  • Roof: Flat

Utilities

  • Air Conditioning Units: 1
  • Electric: 110 V, 200 Amp, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 5600.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 30
  • Zoning: R4-1

Rental Info

  • Rent Income: 208000

Multi Family

  • Annual Gross Expense: 14900.00
  • Annual Gross Income: 196068
  • Insurance Expense: 7000.00
  • Miscellaneous Expense: 7900.00
  • Unit Count: 6
  • Annual Utility Expenses: 1500.00

Tax Info

  • Flip Tax Amount: 29000.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2025 05/18/25 For Sale $1,900,000 -- $349 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 492792

Brooklyn Board of REALTORS®