1034 Winthrop Street, Brooklyn, NY, 11212
6 beds
3 Full baths
1930
Duplex
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.
Status:
Active
Type:
Single-family residential
Units:
4
Heating:
Natural Gas, Steam, Other
Cooling:
Central Air, Varies by Unit, Wall/Window Unit(s)
Basement:
Finished, Full, See Remarks
Parking:
On Street
Acreage:
0.05
Est. Taxes:
$5,553
Assessment
$197,100
Construction
Brick
Utilities
Cable Available, Electricity Available, Natural Gas Available
Elementary School:
Ps 184 Newport
Middle School:
Brooklyn Collegiate
High School:
Brooklyn Democracy Academy
School District:
Community District 23
Days on Market:
1
MLS #:
994720
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Rlty Landmark 718-475-2700