HOUSE
Address: ‎1565 70th Street
Zip Code: 11228
6 fam, 18 bed, 6 bath, 4680ft2
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$1,988,000
ID # 502527
English
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Tiger Realty Office: ‍917-708-9966

$1,988,000 - 1565 70th Street, Bensonhurst, NY 11228|ID # 502527

ID #‎ 502527
Details6 fam, 18 bed, 6 bath, Lot Size: 0.05 acres, Interior: 4680 ft2, 435m2, Building has 3 floors
(DOM): 89 days
Construction Year1926
Taxes
(per year)
$20,768
Fuel TypeGas
Heat typeHot water
BasementFull basement
Bus5 min: B4
7 min: B8
8 min: B64
10 min: B9
Subway1 min: D
7 min: N
LIRR4.6 miles: "Atlantic Terminal"
4.8 miles: "Nostrand Avenue"
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房屋英文概況 English Description

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.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 Brooklyn New York Multiple Listing Service. All rights reserved.

Courtesy of Tiger Realty

公司: ‍917-708-9966




$1,988,000
HOUSE
ID # 502527
‎1565 70th Street
Brooklyn, NY 11228
6 fam, 18 bed, 6 bath, 4680ft2


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