1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
1034 Winthrop ST, Brooklyn, NY 11212
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$999,999
Est. payment /mo
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6 Beds
3 Baths
1,999 Sqft Lot
New

1034 Winthrop ST Brooklyn, NY 11212

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EXIT Realty Island Elite

EXIT Realty Island Elite

+1(631) 331-4000

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 994720

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

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Rlty Landmark • Carl Franklyn PSC

NEARBY SCHOOL & BUSINESS

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EXIT Realty Island Elite

EXIT Realty Island Elite

Broker | License ID: 10491208909

+1(631) 331-4000

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