$1,050,000
$999,999
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1034 Winthrop ST Brooklyn, NY 11212
6 Beds
3 Baths
1,999 Sqft Lot
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Brownsville
MLS Listing ID 994720
Sold Date 09/11/26
Bedrooms 6
Full Baths 3
Rental Info No
Year Built 1930
Annual Tax Amount $5,552
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Duplex
Source onekey2
Property Description
Investment opportunity in Brooklyn POTENTIAL TO BE DELIVERED VACANT. 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)
Rooms
Basement Finished, Full, See Remarks
Interior
Interior Features Entrance Foyer, Other
Heating Natural Gas, Steam, Other
Cooling Central Air, Varies by Unit, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 184 Newport
Middle Schools Brooklyn Collegiate
High Schools Brooklyn 23
School District Brooklyn 23
Others
Senior Community No
Special Listing Condition None
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Bought with Buyer Representation Office