2159 E 2nd St Brooklyn, NY 11223
Gravesend NeighborhoodEstimated payment $9,047/month
Highlights
- Wood Flooring
- Multiple cooling system units
- Back and Front Yard
- P.S. 95 - The Gravesend Rated A-
- Heating System Uses Steam
About This Home
Prime Avenue U / MidWood Location – Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20’ x 72’ on a 20’ x 100’ lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5–5.5% cap rate. Building is located near Avenue U’s vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow property—no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,005
Year Built
- Built in 1928
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back and Front Yard
Home Design
- Brick Exterior Construction
- Block Foundation
- Rubber Roof
Interior Spaces
- 4,320 Sq Ft Home
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Utilities
- Multiple cooling system units
- Heating System Uses Steam
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Block 7129
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $5,500
- Utility Expense $600
- Gross Income $104,976
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 |
|---|---|---|---|---|
| 2025 | $15,292 | $458,550 | $8,100 | $450,450 |
| 2024 | $15,292 | $456,840 | $8,100 | $448,740 |
| 2023 | $15,005 | $380,700 | $8,100 | $372,600 |
| 2022 | $7,248 | $387,900 | $8,100 | $379,800 |
| 2021 | $13,457 | $349,650 | $8,100 | $341,550 |
| 2019 | $11,867 | $367,650 | $8,100 | $359,550 |
| 2018 | $11,967 | $94,091 | $1,929 | $92,162 |
| 2017 | $11,591 | $91,132 | $1,981 | $89,151 |
| 2016 | $10,879 | $84,383 | $2,047 | $82,336 |
| 2015 | $7,063 | $78,135 | $2,276 | $75,859 |
| 2014 | $7,063 | $72,378 | $1,977 | $70,401 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | For Sale | $1,500,000 | -- | $347 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 495013
- 2151 E 1st St
- 71 Village Rd N Unit 3E
- 2196 McDonald Ave
- 602 Avenue T Unit 6D
- 602 Avenue T Unit 6A
- 104 Village Rd S
- 106 Village Rd S
- 157 Lake St
- 2255 Adam Clayton Powell Jr Blvd Unit 3-A
- 388 Avenue S Unit 1B
- 388 Avenue S Unit 1A
- 232 Avenue U
- 9 Corso Ct
- 2310 Ocean Pkwy Unit 5J
- 2310 Ocean Pkwy Unit 5F
- 2310 Ocean Pkwy Unit 3J
- 367 Avenue S Unit 4A
- 367 Avenue S Unit 2E
- 2035 E 7th St Unit 3E
- 2035 E 7th St Unit 4D
- 2137 E 1st St Unit 2F
- 321 Avenue X
- 2370 Coney Island Ave
- 2312 Coney Island Ave
- 434 Avenue Y
- 120 Avenue T
- 2711 Coney Island Ave Unit 3Fl
- 2300 E 13th St Unit 1
- 1870 E 12th St
- 2311 E 13th St Unit 1
- 1418 Avenue U
- 2066 E 15th St Unit 3C
- 2580 Ocean Pkwy Unit 6P
- 2458 E 12th St Unit 2
- 2123 E 15th St Unit 2
- 86 Avenue S
- 1715 E 8th St Unit 6f
- 1840 E 14th St
- 1601 Dahill Rd
- 1610 Dahill Rd