1565 70th Street, Brooklyn, NY 11228
Local realty services provided by:CENTURY 21 Homefront
1565 70th Street,Brooklyn, NY 11228
$1,988,000
- 18 Beds
- 6 Baths
- 4,680 sq. ft.
- Multi-family
- Active
Listed by: emily hui chen-liang
Office: tiger realty
MLS#:502527
Source:BROOKLYN
Price summary
- Price:$1,988,000
- Price per sq. ft.:$424.79
About this home
Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset....
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Home facts
- Year built:1926
- Listing ID #:502527
- Added:1 day(s) ago
- Updated:June 23, 2026 at 10:45 PM
Rooms and interior
- Bedrooms:18
- Total bathrooms:6
- Full bathrooms:6
- Flooring:Hardwood, Tile
- Kitchen Description:Stove
- Basement Description:Finished, Full
- Living area:4,680 sq. ft.
Heating and cooling
- Heating:Gas, Hot Water
Structure and exterior
- Roof:Flat
- Year built:1926
- Building area:4,680 sq. ft.
- Lot area:0.05 Acres
- Construction Materials:Brick
- Exterior Features:Back Yard
- Foundation Description:Poured Concrete
- Levels:3 Stories
Finances and disclosures
- Price:$1,988,000
- Price per sq. ft.:$424.79
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