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  2. 1565 70th Street
  • 1565 70th Street
  • $ 1,988,000
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228

1565 70th Street

Bensonhurst   |   New Utrecht Av & 16th Av

Building For Sale
$ 1,988,000
Ownership Multi-Family
Lot Size 20'x100'
Status Active
Real Estate Taxes [Per Annum] $ 20,768
Building Size 20'x78'
Year Built 1926
ASF/ASM 4,680/435
 

Photos

1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
1565 70th Street Bensonhurst Brooklyn NY 11228

Property Description

Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.
Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.

Listing Courtesy of Tiger Realty

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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
1565 70th Street Bensonhurst Brooklyn NY 11228
1565 70th Street Bensonhurst Brooklyn NY 11228

Building Details [1565 70th Street]

Ownership Multi-Family
Block/Lot 6158/36
Building Size 20'x78'
Zoning R5
Year Built 1926
Floors 3
Lot Size 20'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

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: 502527