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1565 70th Street, 
Brooklyn, NY 11228

$1,988,000


18

Beds


6

Baths


4,680

Sq Ft


Multi-Family

Active

Listed by

Emily Hui Chen-Liang

Tiger Realty

917-708-9966

Last updated:

August 28, 2026, 01:47 PM

MLS#

502527

Source:

BROOKLYN

About This Home

1565 70th Street

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.

Home Facts

Multi-Family

6 Baths

18 Bedrooms

Built in 1926

Price Summary

1,988,000

$424 per Sq. Ft.

MLS #:

502527

Last Updated:

August 28, 2026, 01:47 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

18

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,680 Sq. Ft.


Structure

Structure

Building Area:

4,680 Sq. Ft.

Year Built:

1926


Lot

Lot Size (Sq. Ft):

2,000


Finances & Disclosures

Finances

Price:

$1,988,000

Price per Sq. Ft:

$424 per Sq. Ft.

Source:BROOKLYN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.