About 1586 22nd
Excellent Investment Opportunity! All Brick Semi-Attached 6 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.
Features of 1586 22nd
| MLS® # | 492792 |
|---|---|
| Price | $1,900,000 |
| Bedrooms | 11 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 5,451 |
| Year Built | 1926 |
| Type | Multi-Family |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 1586 22nd |
|---|---|
| Area | Midwood |
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | New York |
| Zip Code | 11210 |
Amenities
| Amenities | NONE |
|---|---|
| Features | Refrigerator, Stove, A/C Unit - Window |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Tile |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Baseboard |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Flat |
| Construction | Brick |
| Foundation | Other |
Additional Information
| Date Listed | May 18th, 2025 |
|---|---|
| Days on Market | 156 |
| Zoning | R4-1 |
| Tax | $29,000 |