
1586 E 22nd St Unit 6 Brooklyn, NY 11210
Midwood NeighborhoodEstimated payment $12,770/month
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
RE/MAX Real Estate Professionals License #10401245204 Listed on: 05/18/2025

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
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/18/2025 05/18/25 | For Sale | $1,900,000 | -- | $349 / Sq Ft |
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