1586 E 22nd St
Listing Notes
Great investment in the heart of Midwood. HIGH cap 6 family free market building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 per monthwithout doing anything.
Price in context
Cheaper than 21% of the 24 homes listed nearby right now, which run $1,095,000 to $2,650,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1473 E 23rd St | $1,095,000 | 3 bd · 3 ba |
| 1737 E 21st St Unit 8A | $1,095,000 | 3 bd · 2 ba |
| 1613 E 15th St | $1,130,000 | 4 bd · 3 ba |
| 1488 E 26th St | $1,150,000 | 3 bd · 2 ba |
| 2057 Ocean Ave | $1,200,000 | 12 bd · 6 ba |
| 1976 Ocean Ave Apt 5 | $1,200,000 | 3 bd · 2 ba |
| 1469 E 16th St | $1,200,000 | 4 bd · 3 ba |
| 1749 E 24th St | $1,299,000 | 3 bd · 3 ba |
| 2019 Avenue R | $1,299,000 | 3 bd · 3 ba |
| 2019 Avenue R | $1,299,000 | 3 bd · 2.5 ba |
| 1514 E 28th St | $1,389,000 | 3 bd · 2 ba |
| 1333 E 26th St | $1,399,000 | 4 bd · 3 ba |
| 1904 Avenue O | $1,560,000 | 5 bd · 3 ba |
| 3665 Bedford Ave | $1,650,000 | 4 bd · 3 ba |
| 1774 E 22nd St | $1,780,000 | 3 bd · 3 ba |
| 1374 E 23rd St | $1,850,000 | 5 bd · 3 ba |
| 1368 E 23rd St | $1,850,000 | 5 bd · 3 ba |
| 1468 E 27th St | $1,899,000 | 7 bd · 5 ba |
| 1418 E 28th St | $1,899,999 | 4 bd · 4 ba |
| 1579 E 28th St | $1,900,000 | 5 bd · 2 ba |
| 1922 Ocean Ave | $2,250,000 | 5 ba |
| 2103 Bay Ave | $2,450,000 | 6 bd · 6 ba |
| 1392 E 18th St | $2,500,000 | 13 bd · 10 ba |
| 1717 Avenue P | $2,650,000 | 14 bd · 7 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more