2159 East 2nd Street, Brooklyn, NY 11223

Local realty services provided by:ERA Top Service Realty
2159 East 2nd Street,Brooklyn, NY 11223
$1,500,000
  • 6 Beds
  • 6 Baths
  • 4,320 sq. ft.
  • Multi-family
  • Active
Listed by: michelle j. zhang
Office: re/max edge
MLS#:495013
Source:BROOKLYN

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$347.22

About this home

Prime Avenue U / MidWood Location – Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20’ x 72’ on a 20’ x 100’ lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5–5.5% cap rate. Building is located near Avenue U’s vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow property—no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood.

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Home facts

  • Year built:1928
  • Listing ID #:495013
  • Added:183 day(s) ago
  • Updated:February 10, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:4,320 sq. ft.

Heating and cooling

  • Heating:Gas, Steam/Radiator

Structure and exterior

  • Roof:Rubber
  • Year built:1928
  • Building area:4,320 sq. ft.
  • Lot area:0.05 Acres

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$347.22
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