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2159 East 2nd Street, Brooklyn, New York, 11223

$1,500,000

6

Beds

6

Bathrooms

4,320

Building Sqft

0.05

Acres

2,000

Lot Sqft

About 2159 2nd Street

Prime Avenue U / MidWood Location – Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20’ x 72’ on a 20’ x 100’ lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5–5.5% cap rate. Building is located near Avenue U’s vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow property—no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood.

Features of 2159 2nd Street

MLS® #
495013
Bedrooms
6
Bathrooms
6
Acres
0.05
Type
Residential
Price
$1,500,000
Square Footage
4,320
Year Built
1928
Sub-Type
Multi-Family

Community Information

Address
2159 2nd Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11223

Listing Information

Agent Name
Michelle J. Zhang
Agent Office
RE/MAX Edge

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