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1586 East 22nd Street, 
Brooklyn, NY 11210

$1,900,000


11

Beds


6

Baths


5,451

Sq Ft


Multi-Family

Active

Listed by

Long Tommy Ngo

RE/MAX Real Estate Professiona

718-872-5522

Last updated:

May 22, 2025, 11:06 AM

MLS#

492792

Source:

BROOKLYN

About This Home

1586 East 22nd Street

Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0% Investment Highlights: Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood. Prime Location: Proximity to transportation and retail increases desirability for renters. Brick Construction: Durable, low maintenance. Private Parking: A rare and valuable amenity in Brooklyn.

Home Facts

Multi-Family

6 Baths

11 Bedrooms

Built in 1926

Price Summary

1,900,000

$348 per Sq. Ft.

MLS #:

492792

Last Updated:

May 22, 2025, 11:06 AM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

11

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

5,451 Sq. Ft.


Structure

Structure

Building Area:

5,451 Sq. Ft.

Year Built:

1926


Lot

Lot Size (Sq. Ft):

3,000


Finances & Disclosures

Finances

Price:

$1,900,000

Price per Sq. Ft:

$348 per Sq. Ft.

Source:BROOKLYN
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