1586 East 22nd Street

$2,000,000
Price
11
Beds
6
Baths
5,451 Sq. Ft.
$367 / Sq. Ft.
5,451
Sq. Ft.
$367
per Sq. Ft.

Description

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. There are 5 - Two Bedrooms/1 Bath Apartments and 1 - 1 Bedroom/1 Bath with private driveway and car port. Actual: Rent Roll $ 159,330.00, Operation Expense $ 49,614.00, NOI $ 109,716.00 and Cap Rate 5.5%. Projection Rent Roll $ 169,800.00, Operation Expense $ 52,100.00, NOI $ 117,705.30.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. There are 5 - Two Bedrooms/1 Bath Apartments and 1 - 1 Bedroom/1 Bath with private driveway and car port. Actual: Rent Roll $ 159,330.00, Operation Expense $ 49,614.00, NOI $ 109,716.00 and Cap Rate 5.5%. Projection Rent Roll $ 169,800.00, Operation Expense $ 52,100.00, NOI $ 117,705.30.
  1. Listed by Long Tommy Ngo • Re/Max Real Estate Professiona • 1 Space,Other

Amenities

  • Walk Up
  • Driveway
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
  • House

Location

Listing Courtesy of Re/Max Real Estate Professiona
Add your commute
LISTING UPDATED: 05/09/2024 11:16 AM

Property Details for 1586 East 22nd Street

StatusActive
MLS ID481707
Days on Market17
Taxes$28,110 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1926
Lot Size3,000 SF / 30' x 100'
CountyKings County

Building

1586 E 22nd St

6 Units3 StoriesBuilt in 1926

Location

Listing Courtesy of Re/Max Real Estate Professiona
Add your commute

Building Information for 1586 East 22nd Street

Stories3Residences6Year Built1926Building Size23' x 79'Building Sq. Ft5,451 SFLot Size3,000 SF / 30' x 100'Building Age-Building Type-

Payment Calculator

$13,257 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,343

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1586 East 22nd Street

Summary
Location and General Information
  • Block: 6768
  • Cross Street Name: Avenue O
  • Cross Street Name: Avenue P
  • Zoning: R4-1
  • Roof: Flat
  • Residential Features: Refrigerator, Stove
Parking
  • Parking Attributes: 1 Space, Other
  • Parking Feature Single: Carport
Taxes and HOA Information
  • Financing: Bank Mortgage, Cash
  • Tax Amount: 28110.0
  • Cap Rate: .05%
Property
Lot Information
  • Sq Ft Total: 5451
  • Yard: Back
  • Lot Number: 19
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 30
Utilities
  • Heat Delivery: Baseboard
  • Heating Fuel: Gas
  • AC Units: 1
  • Hot Water: Gas
  • Utility Expense: 4450.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 1
  • Baths Total Level: 1
  • Foundation Details: Other
  • Flooring: Laminate, Tile, Other
  • Unit Count: 6
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: 110 V
  • Baths Total Level: 1
  • Beds Total Level: 3
  • Beds Total Level: 4
  • Beds Total Level: 4
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1817.0
  • Building Length: 79.0
  • Building Type: Semi-Detached
  • Building Width: 23.0
Unit 1
  • 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: 1650.0
  • Unit Features: Appliances Included
  • Unit Floor: 1F
  • Unit Projected Rent: 1650.0
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 2
  • 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: 2050.0
  • Unit Features: Appliances Included
  • Unit Floor: 1R
  • Unit Projected Rent: 2300.0
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • 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: 2100.0
  • Unit Features: Appliances Included
  • Unit Floor: 2F
  • Unit Projected Rent: 2300.00
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • 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 Features: Appliances Included
  • Unit Floor: 2R
  • Unit Projected Rent: 2300.00
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • 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: 2300.0
  • Unit Features: Appliances Included
  • Unit Floor: 3F
  • Unit Projected Rent: 2300.00
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • 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 Features: Appliances Included
  • Unit Floor: 3R
  • Unit Projected Rent: 2300.00
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 109716.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 6500.0
  • Owner Occupied: No
  • Rent Income: 159330.0

Property History for 1586 East 22nd Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1586 East 22nd Street

Taxable ValueLand$8,100Additions$376,020Total$384,120
Home Facts
Total Finished SqFt5,451 SqFtLot Size3,000 SqFtYear Built1926ZoningR4-1APN3067680019

Schools near 1586 East 22nd Street

This home is within Nyc Geog District #22 - Brooklyn.
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.

Similar Homes

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Similar Sold Homes

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1586 East 22nd Street is a townhouse for sale in Midwood. This property was listed for sale on May 1, 2024 by Re/Max Real Estate Professiona, it's currently listed at $2,000,000. It has been on the market for a total of 17 days and was last sold on November 18, 2021. This listing's school district is Nyc Geog District #22 - Brooklyn. Nearby schools include P.S. 197 The Kings Highway Academy, Andries Hudde School and Midwood High School. 1586 East 22nd Street is a 11-bed, 6-bath, 5,451 sqft townhouse built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Real Estate Professiona

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