BEDS0
BATHS
MLS#953966
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn
Property Description
Great investment in the heart of Midwood . HIGH cap 6 family free market brick building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 without doing anything. Owner will consider seller finance if good downpayment is put down.
Property Features
Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: None
Heating: Baseboard
Stories: 3.0
Taxes: $31,774
Year Built: 1926
Feature Descriptions
Building Area Total: 5451
Days on Site: 42
Exterior: Brick
On Market Date: 2026-01-21
Parking Features: Off Street
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Brooklyn
Listed By / Shown By
Listing By
Agency Name: Landmark International R E LLC
Agency Contact: 718-898-8300
Shown By
Agent Name: Elizabeth
Agent Phone: Cell: (516) 375-7081
Agency Title: Howard Hanna | Coach Realtors
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1586 E 22 St | MLS# 953966
This commercial property located at 1586 E 22 St, Brooklyn, NY 11229 is currently listed for sale with an asking price of $1,900,000. E 22 St is located within the Brooklyn school district. Search Brooklyn real estate on www.lizbreslinrealtor.com today.