$1,500,000
OPEN TUE 5PM - 6PM

Estimated payment $9,407/month

Total Views 909
6 Beds
6 Baths
4,320 Sq Ft
$347 Price per Sq Ft

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.

Listing Agent

Michelle Zhang

RE/MAX Edge Listed on: 08/13/2025

Open House Schedule

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,005

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 6.00
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1440
  • Building Length: 72.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue U
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 4320
  • Building Stories: 3
  • Street Name I D X: 2nd
  • Street Number I D X: 2159
  • Year Built: 1928
  • Special Features: OpenHouse
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 6
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2000
  • Total Rooms: 24

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 66
  • Roof: Rubber

Utilities

  • Air Conditioning Units: 5+
  • Electric: 200 Amp
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Rental Info

  • Rent Income: 104976

Multi Family

  • Annual Gross Expense: 29200.00
  • Annual Gross Income: 104976
  • Insurance Expense: 5500.00
  • Unit Count: 6
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 15005.00

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
08/13/2025 08/13/25 For Sale $1,500,000 -- $347 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 495013

Brooklyn Board of REALTORS®