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1034 Winthrop Street, Brooklyn, New York, 11212

$999,999

0

Beds

Bathrooms

3,280

Building Sqft

0.05

Acres

2,000

Lot Sqft

About 1034 Winthrop Street

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.

Features of 1034 Winthrop Street

MLS® #
501246
Acres
0.05
Type
Mixed Use
Price
$999,999
Square Footage
3,280
Year Built
1930
Sub-Type
Mixed Use

Community Information

Address
1034 Winthrop Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11212

Listing Information

Agent Name
Carl W. Franklyn
Agent Office
Keller Williams Realty Landmar

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(718) 987-7900