2159 E 2Nd St Brooklyn, NY 11223
Property Features for 2159 E 2Nd St
General Information
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1928
Source:
Elliman
Listing Agent: Michelle J. Zhang
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Six-Family Income Property Near Avenue
Located near Avenue U in Midwood, this six-family building presents an investment opportunity. The building, which measures 20 x 72 on a 20 x 100 lot, has a clean inspection record, including roof, electrical, gas, water, and Local Law 11 compliance. The property features one-bedroom apartments, with all units currently leased except for one. Leases include annual rent increases of 3% for 1-year terms and 4.5% for 2-year terms. The current annual income is approximately $111,000, with annual expenses around $29,200. The building is situated near Avenue U's shopping, dining, and services, and is close to P.S 95, parks, and the F train, providing access to Manhattan. This property offers immediate rental income and long-term growth potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.969202
- Latitude
- 40.59671
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FAQs
What type of property is this?
Apartment building - Turnkey six-family building in Midwood with strong cash flow.
Where is this apartment building located?
The property is located at 2159 E 2Nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Turnkey six-family building in prime Avenue U/Midwood location, offering immediate rental income.; - Strong 55.5% cap rate with approximately $111,000 annual income.; - Well-maintained building with clean inspection record.