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$ 1,700,000
$ 2,200,000 22.7%
Est. payment /mo
Sold on 05/02/2025
596 Eastern Pkwy Brooklyn, NY 11225
6 Beds
3 Baths
1,995 Sqft Lot
UPDATED:
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 829118
Sold Date 05/02/25
Bedrooms 6
Full Baths 3
Rental Info No
Year Built 1915
Annual Tax Amount $10,414
Lot Size 1,995 Sqft
Acres 0.0458
Property Sub-Type Triplex
Source onekey2
Property Description
Prime Multifamily Investment Opportunity. This three-unit apartment building offers a fantastic investment opportunity in a high-demand area. Built circa 1915, the property features three (3) two-bedroom 1-bathroom apartments, currently all month to month providing steady rental income. Prime Location: Situated on Eastern Parkway with excellent visibility, easy access to public transportation, and strong tenant demand. Strong Income Potential: Comparable two-bedroom rentals in the area support a solid revenue stream.
Well-Maintained Building: Professionally managed with no major deferred maintenance, featuring durable masonry and brick construction.
Desirable Unit Features: Each apartment has separate electric and gas meters, plus double-hung aluminum frame windows with thermopane glass.
Functional Improvements: Gas-fired heating units, PVC-to-cast iron plumbing, and brass potable lines enhance efficiency.
Low Operating Expenses: Efficient management and low vacancy rates contribute to strong cash flow.
Additional Features: One interior stairwell, no elevator, and battery-operated smoke alarms in each unit.
This well-maintained property is a rare chance to acquire a cash-flowing asset in one of Brooklyn's most sought-after neighborhoods. Don't miss this exceptional investment opportunity!
Well-Maintained Building: Professionally managed with no major deferred maintenance, featuring durable masonry and brick construction.
Desirable Unit Features: Each apartment has separate electric and gas meters, plus double-hung aluminum frame windows with thermopane glass.
Functional Improvements: Gas-fired heating units, PVC-to-cast iron plumbing, and brass potable lines enhance efficiency.
Low Operating Expenses: Efficient management and low vacancy rates contribute to strong cash flow.
Additional Features: One interior stairwell, no elevator, and battery-operated smoke alarms in each unit.
This well-maintained property is a rare chance to acquire a cash-flowing asset in one of Brooklyn's most sought-after neighborhoods. Don't miss this exceptional investment opportunity!
Location
State NY
County Kings (brooklyn)
Rooms
Basement Common
Interior
Interior Features First Floor Bedroom
Cooling None
Fireplace No
Exterior
Utilities Available None
Garage false
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Others
Senior Community No
Special Listing Condition None
Listed by Chess Real Estate Services LLC
Bought with Chess Real Estate Services LLC
Bought with Chess Real Estate Services LLC