1586 East 22nd Street, Unit 6
Description
Investment Highlights:
Solid Cap Rate:...Excellent Investment Opportunity! All Brick Semi-Attached 6 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.
- Listed by Long Tommy Ngo • Re/Max Real Estate Professiona • 1 Space,Other
Amenities
- Walk Up
- Driveway
- Private Parking
- Parking Included
- Lowrise
Property Details for 1586 East 22nd Street, Unit 6
| Status | Active |
|---|---|
| MLS ID | 492792 |
| Days on Market | 219 |
| Taxes | $29,000 / year |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | - |
| Compass Type | Multi Family |
| MLS Type | Residential |
| Year Built | 1926 |
| Lot Size | 3,000 SF / 30' x 100' |
| County | Kings County |
Building
1586 E 22nd St
Location
Building Information for 1586 East 22nd Street, Unit 6
Payment Calculator
$11,311 per month
30 year fixed, 6.28% Interest
$8,894
$2,417
$0
Property Information for 1586 East 22nd Street, Unit 6
- Block: 6768
- Cross Street Name: Avenue O
- Cross Street Name: Avenue P
- Zoning: R4-1
- Roof: Flat
- Residential Features: A/C Unit - Window, Refrigerator, Stove
- Parking Attributes: 1 Space, Other
- Parking Feature Single: Carport
- Financing: 1031 Exchange, Bank Mortgage, Cash
- Tax Amount: 29000.0
- Gross Expense: 14900.0
- Gross Income: $196,068.00
- Miscellaneous Expense: 7900.0
- Gross Lease: 149268.0
- Sq Ft Total: 5451
- Yard: None
- Lot Number: 19
- Lot Size Irregular YN: No
- Lot Size Length: 100
- Lot Size Width: 30
- Heat Delivery: Baseboard
- Heating Fuel: Gas
- AC Units: 1
- Hot Water: Gas
- Utility Expense: 1500.0
- Fuel Expense: 5600.0
- Basement Amenities: Unfinished
- Baths Three Quarter: 0.0
- Baths Total Level 1: 2
- Baths Total Level: 2
- Foundation Details: Other
- Flooring: Hardwood, Tile
- Unit Count: 6
- Building Amenities: NONE
- Unit Number: 6
- Construction Materials: Brick
- Electric: 110 V, 200 Amp, Circuit Breakers
- Baths Total Level: 2
- Beds Total Level: 3
- Beds Total Level: 4
- Beds Total Level: 4
- Exterior: Brick
- Handicap Access YNU: Unknown
- Building Footprint Sq Ft: 1817.0
- Building Length: 79.0
- Building Type: Semi-Detached
- Building Width: 23.0
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0.0
- Unit Baths Total: 1
- Unit Bedrooms Total: 1
- Unit Category: Apt
- Unit Current Rent: 3100.0
- Unit Floor: 1F
- Unit Rooms Total: 5
- Unit Status: Leased
- Unit Unit Type: 1 Bedroom
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0.0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 3600.0
- Unit Floor: 1R
- Unit Rooms Total: 6
- Unit Status: Leased
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 2369.0
- Unit Floor: 2F
- Unit Rooms Total: true
- Unit Status: Leased
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 2135.0
- Unit Floor: 2R
- Unit Rooms Total: true
- Unit Status: Leased
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 3000.0
- Unit Floor: 3F
- Unit Rooms Total: true
- Unit Status: Leased
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Current Rent: 2135.0
- Unit Floor: 3R
- Unit Rooms Total: true
- Unit Status: Leased
- Unit Unit Type: 2 Bedrooms
- Sale Type: Arm's Length
- Insurance Expense: 7000.0
- Owner Occupied: No
- Rent Income: 208000.0
Property History for 1586 East 22nd Street, Unit 6
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 26, 2025 | Price Change BKMLS #492792 | $1,800,000 | — |
| May 18, 2025 | Listed (Active) BKMLS #492792 | $1,900,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/26/2025 | Price Change BKMLS #492792 | $1,800,000 |
| 05/18/2025 | Listed (Active) BKMLS #492792 | $1,900,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1586 East 22nd Street, Unit 6
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 197 The Kings Highway Academy PublicPK to 5 | ||
Andries Hudde School Public6 to 8 | ||
Midwood High School Public9 to 12 | ||
Is 381 Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Re/Max Real Estate Professiona
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