| ID # | 502527 |
| Details | 6 fam, 18 bed, 6 bath, Lot Size: 0.05 acres, Interior: 4680 ft2, 435m2, Building has 3 floors (DOM): 89 days |
| Construction Year | 1926 |
| Taxes (per year) | $20,768 |
| Fuel Type | Gas |
| Heat type | Hot water |
| Basement | Full basement |
| Bus | 5 min: B4 |
| 7 min: B8 | |
| 8 min: B64 | |
| 10 min: B9 | |
| Subway | 1 min: D |
| 7 min: N | |
| LIRR | 4.6 miles: "Atlantic Terminal" |
| 4.8 miles: "Nostrand Avenue" | |
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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.







