Midwood Multifamily Investment
1586 E 22 st Brooklyn, NY 11229
For Sale
$1,900,000
MULTI_FAMILY - Brooklyn, NY
Days on Market186
Property Features for 1586 E 22 st
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 31774
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 3
- Number of units
- 6
- Building materials
- Brick
Listing Agency:
Landmark International R E LLC
(718) 898-8300
Listed By:
Dongyue Niu · License #10401282827
(347) 870-1239
Added: Jan 21
Changed: May 12
Last Checked: Jul 26 at 8:06PM
MLS# 953966
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a six-family, free-market brick building located in the heart of Midwood, Brooklyn, next to James Madison High School. The entire building was renovated in 2022. The property is a high-income producing building with a current monthly income of $17,585 and a pro forma monthly income of $19,650. Monthly expenses are $5,147, resulting in a current net operating income of $12,437 per month, with a future net operating income of $14,502. All tenants are currently without leases. The owner will consider seller financing with a sufficient down payment. The property presents a significant investment opportunity.
Key Highlights
- High cap rate investment property (currently 7.85%).
- Significant monthly net operating income (currently $12,437, pro forma $14,502).
- Completely renovated in 2022, reducing maintenance concerns.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-family, free-market brick building in Midwood, Brooklyn. High income.
Where is this apartment building located?
The property is located at 1586 E 22 st Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High cap rate investment property (currently 7.85%).; Significant monthly net operating income (currently $12,437, pro forma $14,502).; Completely renovated in 2022, reducing maintenance concerns.
