1586 East 22nd Street, Brooklyn, NY 11210
Local realty services provided by:Better Homes and Gardens Real Estate Safari Realty
1586 East 22nd Street,Brooklyn, NY 11210
$1,900,000
- 11 Beds
- 6 Baths
- 5,451 sq. ft.
- Multi-family
- Active
Listed by:long tommy ngo
Office:re/max real estate professiona
MLS#:492792
Source:BROOKLYN
Price summary
- Price:$1,900,000
- Price per sq. ft.:$348.56
About this home
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.
Contact an agent
Home facts
- Year built:1926
- Listing Id #:492792
- Added:469 day(s) ago
- Updated:August 15, 2025 at 11:10 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:6
- Full bathrooms:6
- Living area:5,451 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas
Structure and exterior
- Roof:Flat
- Year built:1926
- Building area:5,451 sq. ft.
- Lot area:0.07 Acres
Finances and disclosures
- Price:$1,900,000
- Price per sq. ft.:$348.56
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