Seller's Agent in 2025
Eric Allen
Chess Real Estate Services LLC
(914) 343-3924
1 in this area
45 Total Sales
596 Eastern Pkwy Brooklyn, NY 11225
Crown Heights NeighborhoodEstimated Value: $1,624,000 - $2,148,000
6
Beds
3
Baths
3,207
Sq Ft
$576/Sq Ft
Est. Value
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
Lot Details
- 1,995
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
Listed on
Feb 27, 2025
Closed on
May 1, 2025
Sold by
5960 Eastern Parkway Llc
Bought by
Mod 596 Llc
Seller's Agent
Eric Allen
Chess Real Estate Services LLC
Buyer's Agent
Eric Allen
Chess Real Estate Services LLC
List Price
$2,200,000
Sold Price
$1,700,000
Premium/Discount to List
-$500,000
-22.73%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,667
Avg. Annual Appreciation
8.40%
Original Mortgage
$1,275,000
Outstanding Balance
$1,261,150
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$587,517
Purchase Details
Closed on
Jul 27, 2017
Sold by
James Leroy
Bought by
5960 Eastern Parkway Llc
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%
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mod 596 Llc | $1,700,000 | Fidelity National Title | |
| 5960 Eastern Parkway Llc | $660,000 | -- | |
| James Leroy | -- | -- | |
| James Leroy | $210,000 | Record & Return Title Agency |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mod 596 Llc | $1,275,000 | |
| Previous Owner | 5960 Eastern Parkway Llc | $660,000 | |
| Previous Owner | James Leroy | $178,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $10,923 | $118,860 | $23,940 | $94,920 |
| 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 |
| 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
-
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Copyright 2026 OneKey® MLS. All rights reserved.
Based on information submitted to the MLS GRID
Listings courtesy of OneKey® MLS as distributed by MLS GRID
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