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1034 Winthrop St, Brooklyn, NY, 11212

--beds
4baths
3,280sqft
$999,999
$305price/sqft
$6,450/moest. monthly cost
$258,000/yrincome needed

About This Home

Investment opportunity in Brooklyn with POTENTIAL TO BE DELIVERED VACANT. Featuring strong in-place income with additional upside potential. The property consists of three 2-bedroom residential units and a ground-floor commercial space, all currently occupied with very cooperative tenants in place, providing immediate cash flow from day one. Current income is approximately $105,000 annually, with under-market residential rents offering a clear path to increased returns. Two of the three residential units present the opportunity for rental growth, with comparable renovated units in the area supporting higher market rents. The commercial unit provides stable supplemental income, adding to the overall strength of the asset. An additional income stream is also a possibility further enhancing cash flow. Investors will appreciate the balance of existing income and value-add potential, making this an ideal opportunity for both seasoned and entry-level investors looking to grow their portfolio in a steadily appreciating Brooklyn market. Conveniently located near transportation, shopping, and neighborhood amenities, this property is well-positioned for long-term appreciation and income growth. Whether you’re seeking a stable hold with upside or a value-add play, This property checks all the boxes.

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
70
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Concrete Perimeter
  • Roof: Other
  • Construction materials: Brick,Brick Veneer

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Separate Entrance

Bedrooms & Bathrooms

  • Bathrooms: 4
  • 1/2 bathrooms: 4

Features

  • Flooring: Hardwood

Heating

  • Heating features: Natural Gas,Steam/Radiator

Interior Area

  • Total structure area: 3,280
  • Total interior livable area: 3,280 sqft

Property

Details

  • Parcel number: 046280007
  • Attached to another structure: Yes
  • Zoning: R6
  • Special condition: Arm's Length
  • Foundation area: 1640

Features

  • Stories: 2

Lot

  • Lot size: 2,000 sqft
  • Features: Back Yard
  • Lot size dimensions: 20x100

Parking

  • Parking features: Street,None
  • Has uncovered spaces: Yes