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:42 day(s) ago
- Updated:September 22, 2025 at 03:12 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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