$1,800,000

Estimated payment $12,803/month

Total Views 1,941
-- Bed
8 Baths
5,250 Sq Ft
$343 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Kings Highway (B,Q Line)
  • Baseboard Heating
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Multiple cooling system units
  • Heating System Uses Steam

About This Home

Prime Four-Family Income-Producing Property in Homecrest, Brooklyn – 5% CAP Rate!
Built in 1985 and ideally located just off Kings Highway in the desirable Homecrest neighborhood, this well-maintained four-family brick townhouse offers an excellent investment opportunity with strong cash flow and long-term growth potential.
Spanning approximately 5,250 square feet, the property features four spacious duplex units, each around 1,312 sq. ft. with three bedrooms, 1.5 bathrooms, and in-unit washer and dryer. All apartments are separately metered for gas and electric, with tenants paying their own utilities (except water).
Unit A: Rented for $2,800/month + utilities
Unit B: Projected rent $2,900/month + utilities
Unit C: Rented for $3,500/month + utilities
Owner’s Unit D: Projected rent $3,500/month – will be delivered vacant at closing
The building has been well cared for, featuring a new roof, updated kitchens, hardwood floors, and bright, open layouts with plenty of natural light throughout. Each unit has its own mechanical room, ensuring easy maintenance and privacy for tenants.
Financial Highlights:
Annual Taxes: $40,243
Net Operating Income: Approx. $110,000
Cap Rate: ~5%
Investment Highlights:
? Four large duplex apartments – excellent rental income potential
? Prime Homecrest location off Kings Highway
? Stable tenants and immediate cash flow
? Perfect for investors or owner-occupants
? Easy access to B & Q subway lines, express buses, and major retail corridors
Don’t miss this rare opportunity to own a solid, high-performing multifamily asset in one of Brooklyn’s most sought-after neighborhoods.
Contact us today to schedule a private showing!

Listing Agent

Andrey Kim

eXp Realty BKNY Listed on: 10/25/2025

eXp Realty BKNY

Co-Listing Agent

Tamara Zakharova

eXp Realty BKNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,000

Year Built

  • Built in 1985

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 5,250 Sq Ft Home
  • 3-Story Property
  • Basement Cellar
  • Stove
  • Washer

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6797

Community Details

Building Details

  • 4 Vacant Units
  • Gross Income $147,600
  • Net Operating Income $108,600

Additional Features

  • 4 Units
  • Secure Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,000

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Length: 70.00
  • Building Width: 25.00
  • Co List Office Mls Id: 119040
  • Co List Office Phone: (888) 276-0630
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kings hwy and East 14
  • Gross Lease: 147600
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard, Steam/Radiator
  • Number Of Available Units: 4
  • Number Of Families: 4
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Rent Income Period: 12
  • Residential Features: A/C Unit - Window, Refrigerator, Stove, Washer
  • Fill Sq Ft Total: 5250
  • Building Stories: 3
  • Street Name I D X: 14th
  • Year Built: 1985
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 4
  • Basement Half Bathrooms: 4
  • Flooring: Carpeting, Ceramic, Hardwood
  • Lot Sq Ft: 2500

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 82
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R5B

Rental Info

  • Rent Income: 147600

Multi Family

  • Annual Gross Expense: 39000.00
  • Annual Gross Income: 147600
  • Property Net Operating Income: 108600.00
  • Unit Count: 4

Tax Info

  • Flip Tax Amount: 39000.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $38,972 $471,600 $167,400 $304,200
2024 $38,972 $393,120 $167,400 $225,720
2023 $35,386 $327,600 $167,400 $160,200
2022 $32,651 $273,150 $167,400 $105,750
2021 $29,657 $249,300 $167,400 $81,900
2019 $39,754 $384,120 $167,400 $216,720
2018 $37,428 $296,595 $103,405 $193,190
2017 $35,782 $283,046 $104,665 $178,381
2016 $33,483 $262,080 $106,784 $155,296
2015 $10,533 $262,080 $122,173 $139,907
2014 $10,533 $246,402 $130,758 $115,644
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2026 01/08/26 Price Changed $1,800,000 -2.7% $343 / Sq Ft
12/13/2025 12/13/25 Price Changed $1,849,000 -0.1% $352 / Sq Ft
10/25/2025 10/25/25 For Sale $1,850,000 -- $352 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 496882

Brooklyn Board of REALTORS®

APN: 06797-0082