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About This Home

This 6-bedroom, 3-bathroom residential multi family at 1034 Winthrop Street in Brooklyn, NY is listed for $999,999. Built in 1930, on a 0.05 acres lot.

Agent 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.

Key Features

  • Built in 1930
  • 0.05 acre lot

Property Details

3 full
1930

Amenities

A/C

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

Features & Amenities

Interior Features

Entrance Foyer

Property Details

Construction

Brick

Parking

On Street

Heating

SteamNatural Gas

Cooling

Central AirVaries by UnitWall/Window Unit(s)Window Unit(s)

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 1034 Winthrop Street is listed at $999,999. 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. Interior Features: Entrance Foyer.

This property is listed by Carl Franklyn PSC and can be reached at 9294794791 or cfranklynhomes@kw.com.

CP

Carl Franklyn PSC

Agent at Keller Williams Rlty Landmark

(929) 479-4791

Listed by Keller Williams Rlty Landmark · View on Broker Site

MLS# 994720· Source: listhub· Updated 31 days ago

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1034 Winthrop Street, Brooklyn, NY 11212

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