596 Eastern Pkwy Brooklyn, NY 11225
Crown Heights Neighborhood
6
Beds
3
Baths
3,207
Sq Ft
1,995
Sq Ft Lot
About This Home
As of May 2025Prime Multifamily Investment Opportunity. This three-unit apartment building offers a fantastic investment opportunity in a high-demand area. Built circa 1915, the property features three (3) two-bedroom 1-bathroom apartments, currently all month to month providing steady rental income. Prime Location: Situated on Eastern Parkway with excellent visibility, easy access to public transportation, and strong tenant demand. Strong Income Potential: Comparable two-bedroom rentals in the area support a solid revenue stream.Well-Maintained Building: Professionally managed with no major deferred maintenance, featuring durable masonry and brick construction.Desirable Unit Features: Each apartment has separate electric and gas meters, plus double-hung aluminum frame windows with thermopane glass.Functional Improvements: Gas-fired heating units, PVC-to-cast iron plumbing, and brass potable lines enhance efficiency.Low Operating Expenses: Efficient management and low vacancy rates contribute to strong cash flow.Additional Features: One interior stairwell, no elevator, and battery-operated smoke alarms in each unit.This well-maintained property is a rare chance to acquire a cash-flowing asset in one of Brooklyn’s most sought-after neighborhoods. Don’t miss this exceptional investment opportunity!
Last Agent to Sell the Property
Chess Real Estate Services LLC Brokerage Phone: 914-343-3924 License #10491211768 Listed on: 02/27/2025
Co-Listed By
Chess Real Estate Services LLC Brokerage Phone: 914-343-3924 License #10401373213
Last Buyer's Agent
Chess Real Estate Services LLC Brokerage Phone: 914-343-3924 License #10491211768 Listed on: 02/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,415
Year Built
- Built in 1915
Home Design
- Triplex
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Additional Features
- 1,995 Sq Ft Lot
- No Cooling
- Basement
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 01269-0029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 27, 2017
Sold by
James Leroy
Bought by
5960 Eastern Parkway Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 7, 2016
Sold by
James Leroy
Bought by
James Leroy and James Melinda
Purchase Details
Closed on
Dec 7, 1999
Sold by
Estes Lorraine
Bought by
James Leroy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
8.3%
Similar Homes in Brooklyn, NY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $660,000 | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | $210,000 | Record & Return Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $130,000 | Unknown | |
| Closed | $73,696 | Unknown | |
| Open | $1,120,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $660,000 | Purchase Money Mortgage | |
| Previous Owner | $356,400 | No Value Available | |
| Previous Owner | $178,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Sold | $1,700,000 | -22.7% | $530 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 02/27/2025 02/27/25 | For Sale | $2,200,000 | -- | $686 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $10,415 | $136,440 | $23,940 | $112,500 |
| 2024 | $10,415 | $107,760 | $23,940 | $83,820 |
| 2023 | $10,161 | $104,640 | $23,940 | $80,700 |
| 2022 | $9,514 | $101,700 | $23,940 | $77,760 |
| 2021 | $10,008 | $98,400 | $23,940 | $74,460 |
| 2020 | $7,506 | $119,340 | $23,940 | $95,400 |
| 2019 | $9,033 | $132,000 | $23,940 | $108,060 |
| 2018 | $7,132 | $34,989 | $7,087 | $27,902 |
| 2017 | $6,729 | $33,009 | $8,722 | $24,287 |
| 2016 | $6,582 | $32,926 | $11,364 | $21,562 |
| 2015 | $3,756 | $31,063 | $12,933 | $18,130 |
| 2014 | $3,756 | $29,306 | $14,636 | $14,670 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Allen
Seller's Agent in 2025
Eric Allen
Chess Real Estate Services LLC
(914) 343-3924
1 in this area
43 Total Sales
-
Andre' Samuels
A
Seller Co-Listing Agent in 2025
Andre' Samuels
Chess Real Estate Services LLC
(914) 752-8551
1 in this area
2 Total Sales
Map
Source: OneKey® MLS
MLS Number: 829118
APN: 01269-0029
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Copyright 2025 OneKey® MLS. All rights reserved.
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