Turnkey Brooklyn Six-Family Income
2159 E 2nd Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property size:
4,320 SFLot size:
0.05 AcresPrice / SF:
$347/SF- Added:
- Aug 13, 2025
- Days on Market:
- 272
- Last Refresh:
- May 11 at 3:06 pm
Property Features for 2159 E 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15005
Building Details
- Year built
- 1928
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Michelle J. Zhang (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Aug 13, 2025
MLS# 495013
Listing URL
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HighLights
- Turnkey six‑family building in prime Avenue U/Midwood location, offering immediate rental income.
- Strong 5‑5.5% cap rate with current annual income of approximately $111,000 and low annual expenses around $29,200.
- Well‑maintained building with clean inspection record.
- All units are one‑bedroom apartments with annual rent increases.
- Convenient location near Avenue U's shopping, dining, services, top‑rated school P.S 95, parks, and transportation (F train).
- Long‑term growth potential in a sought‑after neighborhood with quick access to Manhattan.
Overview
This six-family building, situated in the Midwood location near Avenue U, presents an investment opportunity. The building dimensions are 20' x 72' on a 20' x 100' lot. The property has a clean inspection record, covering the roof, electrical, gas, water, and Local Law 11 requirements. The building contains six one-bedroom apartments. All units are fully leased except one apartment is currently empty. Leases include annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. The current annual income is approximately $111,000, with annual expenses around $29,200. The building is located near Avenue U's shopping, dining, and services, and is close to P.S 95, parks, and the F train, providing access to Manhattan. The property offers immediate rental income and long-term growth potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.969208
- Latitude
- 40.59671
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained six-family building near Avenue U with strong income potential.
Where is this apartment building located?
The property is located at 2159 E 2nd Street 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 5‑5.5% cap rate with current annual income of approximately $111,000 and low annual expenses around $29,200.; Well‑maintained building with clean inspection record.
