$1,900,000
Single Family Residence In Brooklyn
- 11 Beds
- 6 Baths
- 5,451 Sqft
- 3,000 Sqft lot
- Updated: March 30
- Source: OneKey MLS MLS#954025
About the Property
Great investment in the heart of Midwood. HIGH cap 6 family free market building. Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating i
Great investment in the heart of Midwood. HIGH cap 6 family free market building. Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 per monthwithout doing anything.
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Property type
House
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Year built
1926
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Price/sqft
$348
Features
- Renovated
- Investment Property
Explore the Area
1586 E 22nd Street, New York, New York, United States
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Price per sqft
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High
Joined 7 months ago
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Listings
2026
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Last updated
March 30
First listed
Jan 22
Listing reference
954025
Listing status
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved
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