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About This Home

This 0-bedroom, 0-bathroom single family at 1034 Winthrop Street in Brooklyn, NY is listed for $999,999 ($305 per sqft). Built in 1930, the home offers 3,280 sqft of living space on a 0.05 acres lot.

Agent 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.

Key Features

  • Built in 1930
  • 0.05 acre lot
  • 2 stories

Property Details

2 stories
1930

Amenities

Hardwood

Monthly Cost Estimate

$5,348/mo

20% down · 6.5% · 30 years

Principal$723
Interest$4,333
Insurance$292

Estimates only. Actual payments may vary.

Location

1034 Winthrop Street

Brooklyn, NY 11212

Property Details

Flooring

Hardwood

Construction

Brick

Questions & Answers

This 0-bedroom, 0-bathroom single family at 1034 Winthrop Street is listed at $999,999 ($305/sqft). The estimated monthly payment is $4,333 based on 20% down at 6.5% interest.

Key features include: Built in 1930, 0.05 acre lot, 2 stories.

This property is listed by Carl W. Franklyn and can be reached at (718) 475-2700 or cfranklynhomes@kw.com.

CF

Carl W. Franklyn

Agent at Keller Williams Realty Landmar

(718) 475-2700

Listed by Keller Williams Realty Landmar

MLS# 501246· Source: listhub· Updated 25 days ago

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1034 Winthrop Street, Brooklyn, NY 11212

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