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  2. 2159 East 2nd Street
  • 2159 East 2nd Street
  • $ 1,500,000
2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223

2159 East 2nd Street

Gravesend

Building For Sale
$ 1,500,000
Ownership Multi-Family
Lot Size 20'x100'
Status Active
Real Estate Taxes [Per Annum] $ 15,005
Building Size 20'x72'
Year Built 1928
ASF/ASM 4,320/401
 

Photos

2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
2159 East 2nd Street Gravesend Brooklyn NY 11223

Property Description

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.
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.

Listing Courtesy of RE/MAX Edge

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

Exposed Bricks
Hardwood Floors
2159 East 2nd Street Gravesend Brooklyn NY 11223
2159 East 2nd Street Gravesend Brooklyn NY 11223

Building Details [2159 East 2nd Street]

Ownership Multi-Family
Block/Lot 7129/66
Building Size 20'x72'
Year Built 1928
Floors 3
Lot Size 20'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: 495013