2159 E 2nd St Brooklyn, NY 11223
Gravesend NeighborhoodEstimated payment $9,179/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
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

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