2296 Atlantic Ave Brooklyn, NY 11233
Ocean Hill NeighborhoodEstimated payment $6,095/month
Highlights
- Wood Flooring
- Multiple cooling system units
- Back Yard
- P.S. 165 Ida Posner Rated 9+
About This Home
Welcome to 2296 Atlantic Avenue, this exceptional three-family turnkey investment property delivers immediate cash flow and long-term upside, boasting an impressive ~8.6% cap rate. Fully occupied with stable, paying tenants, the building is well maintained and requires minimal management—making it a true plug-and-play asset for any investor. Each unit features functional layouts designed for tenant comfort and retention, contributing to consistent rental income and a proven occupancy track record. This is a rare opportunity to secure a high-performing, income-generating property with solid financials from day one. Adding even greater value, the neighboring building 2294 Atlantic Avenue is also available and can be purchased as a package deal. Combined, the properties present a unique development opportunity with additional air rights, offering significant upside potential for expansion or redevelopment. R6 Zoning. Ideal for both seasoned investors and developers looking to maximize returns through income and future growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,208
Lot Details
- 1,700 Sq Ft Lot
- Lot Dimensions are 100 x 17
- Back Yard
Home Design
- Flat Roof Shape
- Aluminum Siding
Utilities
- Multiple cooling system units
- Heating System Uses Gas
- 110 Volts
Additional Features
- Wood Flooring
- 3 Full Bathrooms
- Basement Cellar
Listing and Financial Details
- Tax Block 1435
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $2,500
- Utility Expense $1,000
- Gross Income $101,280
- Net Operating Income $94,572
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,237 | $69,720 | $16,380 | $53,340 |
| 2025 | $1,237 | $65,700 | $16,380 | $49,320 |
| 2024 | $1,237 | $51,900 | $16,380 | $35,520 |
| 2023 | $1,241 | $51,900 | $16,380 | $35,520 |
| 2022 | $1,151 | $42,300 | $16,380 | $25,920 |
| 2021 | $1,144 | $40,620 | $16,380 | $24,240 |
| 2020 | $537 | $45,600 | $16,380 | $29,220 |
| 2019 | $1,074 | $50,460 | $16,380 | $34,080 |
| 2018 | $1,038 | $5,091 | $2,392 | $2,699 |
| 2017 | $979 | $4,803 | $3,469 | $1,334 |
| 2016 | $906 | $4,532 | $2,911 | $1,621 |
| 2015 | $547 | $4,278 | $2,203 | $2,075 |
| 2014 | $547 | $4,278 | $2,249 | $2,029 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $1,100,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $375,000 | -- | |
| Deed | $305,000 | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $1,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | $120,000 | First American Title Ins Co | |
| Bargain Sale Deed | $92,000 | Fidelity National Title Ins |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $135,330 | No Value Available | |
| Closed | $264,400 | No Value Available | |
| Previous Owner | $213,750 | Purchase Money Mortgage | |
| Previous Owner | $210,226 | FHA |
Source: Brooklyn Board of REALTORS®
MLS Number: 501149
APN: 01435-0028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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