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  2. 1586 East 22nd Street
  • 1586 East 22nd Street
  • $ 1,900,000
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210

1586 East 22nd Street

Midwood   |   Avenue O & Avenue P

Building For Sale
$ 1,900,000
Ownership Multi-Family
Lot Size 30'x100'
Status Active
Real Estate Taxes [Per Annum] $ 29,000
Building Size 23'x79'
Year Built 1926
ASF/ASM 5,451/506
 

Photos

1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
1586 East 22nd Street Midwood Brooklyn NY 11210

Property Description

Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0% Investment Highlights: Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood. Prime Location: Proximity to transportation and retail increases desirability for renters. Brick Construction: Durable, low maintenance. Private Parking: A rare and valuable amenity in Brooklyn.
Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0% Investment Highlights: Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood. Prime Location: Proximity to transportation and retail increases desirability for renters. Brick Construction: Durable, low maintenance. Private Parking: A rare and valuable amenity in Brooklyn.

Listing Courtesy of Re/Max Real Estate Professiona

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

A/C [Window Units]
Exposed Bricks
Hardwood Floors
1586 East 22nd Street Midwood Brooklyn NY 11210
1586 East 22nd Street Midwood Brooklyn NY 11210

Building Details [1586 East 22nd Street]

Ownership Multi-Family
Block/Lot 6768/19
Building Size 23'x79'
Zoning R4-1
Year Built 1926
Floors 3
Lot Size 30'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 492792