1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 999,999
Est. payment | /mo

3,280 SqFt

Save
$ 999,999
Est. payment | /mo
Save

3,280 SqFt

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,280 sqft

Price per Sqft $304

MLS Listing ID 501246

Year Built 1930

Annual Tax Amount $5,553

Property Sub-Type Mixed Use

Property Description

Investment opportunity in Brooklyn with POTENTIAL TO BE DELIVERED VACANT. Featuring strong in-place income with additional upside potential. The property consists of three 2-bedroom residential units and a ground-floor commercial space, all currently occupied with very cooperative tenants in place, providing immediate cash flow from day one. Current income is approximately $105,000 annually, with under-market residential rents offering a clear path to increased returns. Two of the three residential units present the opportunity for rental growth, with comparable renovated units in the area supporting higher market rents. The commercial unit provides stable supplemental income, adding to the overall strength of the asset. An additional income stream is also a possibility further enhancing cash flow. Investors will appreciate the balance of existing income and value-add potential, making this an ideal opportunity for both seasoned and entry-level investors looking to grow their portfolio in a steadily appreciating Brooklyn market. Conveniently located near transportation, shopping, and neighborhood amenities, this property is well-positioned for long-term appreciation and income growth. Whether you're seeking a stable hold with upside or a value-add play, This property checks all the boxes.

Location

State NY

County Kings (brooklyn)

Area East Flatbush

Zoning R6

Rooms

Basement Finished, Full, Separate Entrance

Interior

Interior Features Other

Hot Water Other

Heating Gas

Flooring Hardwood

Heat Source Gas

Exterior

Exterior Feature Brick, Brick Face

Roof Type Other

Building

Story 2

Foundation Poured Concrete

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

Listed by Keller Williams Realty Landmar

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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1034 Winthrop ST

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