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(917) 719-1715
WealthWise Realty
1034 Winthrop Street, Brooklyn, NY 11212
- $1,050,000
- 6
- BD
- 3
- BA
- Sold Price
- $1,050,000
- List Price
- $999,999
- Status
- CLOSED
- MLS#
- 994720
- Closing Date
- Sep 11, 2026
- Year Built
- 1930
- Bedrooms
- 6
- Bathrooms
- 3
- Acres
- 0.08
Property 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.
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Additional Information
- Taxes
- $5,552
- Lot Size
- 3,280
- Interior Features
- Entrance Foyer, Other
- Heating
- Natural Gas, Steam, Other
- Cooling System Type
- Central Air, Varies by Unit, Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water Source
- Public
- Basement
- Finished, Full, See Remarks
- Elementary School
- Ps 184 Newport
- Middle School
- Brooklyn Collegiate
- High School
- Brooklyn Democracy Academy
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Listing courtesy of Listing Agent: Carl Franklyn PSC (cfranklynhomes@kw.com) from Listing Office: Keller Williams Rlty Landmark.
Listing courtesy of Carl Franklyn PSC from Keller Williams Rlty Landmark
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.