1034 Winthrop St
Listing Notes
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.
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $575,000 to $1,300,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 61 E 54th St | $575,000 | 3 bd · 2 ba |
| 50 E 56th St | $699,000 | 6 bd · 4 ba |
| 980 Lenox Rd | $699,000 | 5 bd |
| 336 E 91st St Apt 4 | $750,000 | 8 bd · 4 ba |
| 285 E 95th St | $800,000 | Studio |
| 285 E 95th St | $800,000 | Studio |
| 1003 Lenox Rd | $830,000 | 3 bd · 2 ba |
| 156 E 91st St | $850,000 | 7 bd · 4 ba |
| 62 E 92nd St | $850,000 | 3 bd · 2 ba |
| 24 E 55th St | $949,000 | 4 bd · 2 ba |
| 24 E 55th St | $979,000 | 4 bd · 2 ba |
| 330 E 91st St | $990,000 | 6 bd · 2 ba |
| 170 E 96th St | $1,000,000 | 11 bd · 6 ba |
| 315 E 94th St | $1,000,000 | 10 bd · 6 ba |
| 26 E 55th St | $1,049,000 | 5 bd · 3 ba |
| 131 E 93rd St | $1,050,000 | 7 bd · 6 ba |
| 187 E 91st St | $1,100,000 | 6 bd · 4 ba |
| 199 E 94th St | $1,194,999 | 9 bd · 4 ba |
| 1102 Winthrop St Apt 4 | $1,200,000 | 7 bd · 4 ba |
| 1128 Clarkson Ave | $1,200,000 | 3 bd · 2 ba |
| 211 E 96th St Apt 4 | $1,249,000 | 8 bd · 4 ba |
| 135 E 92nd St Unit 2 | $1,250,000 | 6 bd · 3 ba |
| 101 Remsen Ave | $1,288,888 | 4 bd · 3 ba |
| 105 Rockaway Pkwy | $1,300,000 | 10 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more