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2159 East 2nd Street, 
Brooklyn, NY 11223

$1,500,000


6

Beds


6

Baths


4,320

Sq Ft


Multi-Family

Active

Listed by

Michelle J. Zhang

RE/MAX Edge

718-612-3088

Last updated:

May 11, 2026, 11:17 AM

MLS#

495013

Source:

BROOKLYN

About This Home

2159 East 2nd Street

Prime Avenue U / MidWood Location – Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20’ x 72’ on a 20’ x 100’ lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5–5.5% cap rate. Building is located near Avenue U’s vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow property—no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood.

Home Facts

Multi-Family

6 Baths

6 Bedrooms

Built in 1928

Price Summary

1,500,000

$347 per Sq. Ft.

MLS #:

495013

Last Updated:

May 11, 2026, 11:17 AM

Added:

9 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,320 Sq. Ft.


Structure

Structure

Building Area:

4,320 Sq. Ft.

Year Built:

1928


Lot

Lot Size (Sq. Ft):

2,000


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$347 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.