1565 70th St, Brooklyn, NY, 11228
About This Home
Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1926
Materials
- Foundation: Concrete Perimeter
- Roof: Flat
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Stove,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 18
- Bathrooms: 7
- Full bathrooms: 6
- 3/4 bathrooms: 1
Features
- Flooring: Hardwood,Tile,Other
Heating
- Heating features: Natural Gas,Hot Water
Interior Area
- Total structure area: 4,680
- Total interior livable area: 4,680 sqft
Property
Details
- Attached to another structure: Yes
- Zoning: R5
- Special condition: Arm's Length
- Foundation area: 1560
Features
- Stories: 3
Lot
- Lot size: 2,000 sqft
- Features: Back Yard
- Lot size dimensions: 20x100
Parking
- Parking features: Other
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,052 | $120,624 |
| Home Insurance * | $549 | $6,588 |
| Property Taxes | $927 | $11,124 |
| Electricity | $773 | $9,280 |
| Total | $12,301 | $147,612 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-23 | Listed for sale | $1,988,000 |
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