About This Home

Great investment in the heart of Midwood. HIGH cap 6 family free market building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 per monthwithout doing anything.

Getting Around

Walker's Paradise

Very Limited Transit

Bikeable

Schools

8/10

Ps 197 The Kings Highway AcademyGrades PK-50.0 mi

5/10

Andries Hudde SchoolGrades 6-80.8 mi

4/10

James Madison High SchoolGrades 9-120.3 mi

Construction

Condition

Year built: 1926

Materials

Construction materials: Brick

Type & Style

Home type: SingleFamily
Property subType: Single Family Residence,Residential

Interior

Appliances

Appliances included: Cooktop

Basement

Has basement: Yes
Basement: Full

Bedrooms & Bathrooms

Bedrooms: 11
Bathrooms: 6
Full bathrooms: 6

Features

Built-in Features
Attic: None

Heating & Cooling

Heating features: Baseboard
Cooling features: None

Interior Area

Total structure area: 5,451
Total interior livable area: 5,451 sqft

Property

Details

Parcel number: 067680019
Special condition: None

Lot

Lot size: 3,000 sqft

Parking

Parking features: Off Street

1586 E 22nd Street, Brooklyn, NY, 11210