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1565 70th Street

Brooklyn, NY 11228
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Bed 18

Bed

Bath 6

Bath

SqFt4,680

Sqft

Acres0.05

Acre(Lot)

Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income tota ls $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,988,000

AD Id : 85783974

MLS Id : 502527

Beds : 18

Lot Size : 0.05 Acre

Living Area Size : 4,680

Year Built : 1926

County : Kings

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Feature Features

  • Bedroom Information

    Total beds: 18

    Bathroom Information

    Full Baths: 6

    Room Information

    Has Basement: Yes Basement: Finished, Full
  • Flooring Information

    Hardwood, Tile, Other
  • Roofing Information

    Flat
  • Interior Features

    Roof: Flat Appliances: Gas Water Heater, Cooktop
  • Heating & Cooling

    Has Heating: Yes Heating: Hot Water, Natural Gas

  • Building Information

    Year Built: 1926 Building Area Total: 4680 Construction Materials: Brick Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: 100 x 20 Lot Size Acres: 0.05 Lot Size Square Feet: 2000

  • Listing Price Information

    Listing Price: $1988000

  • Tax Information

    Tax Lot: 36 Tax Block: 6158 Annual Tax: $20768

  • Parking Information

    Other
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1581 74th Street, Brooklyn, NY, 11228 $1,578,000 6 3 2,960 2,960 SqFt
6909 15th Avenue, Brooklyn, NY, 11228 $1,649,000 12 6 4,920 4,920 SqFt
6910 15th Avenue, Brooklyn, NY, 11228 $1,699,000 8 3.5 3,120 3,120 SqFt
1476 72nd Street, Brooklyn, NY, 11228 $2,299,000 8 3.5 3,430 3,430 SqFt
6915 14th Avenue, Brooklyn, NY, 11228 $1,699,000 5 5 3,160 3,160 SqFt
1424 71st Street, Brooklyn, NY, 11228 $1,425,000 8 6 --
1429 72nd Street, Brooklyn, NY, 11228 $1,529,000 12 6 4,680 4,680 SqFt
1335 71st Street, Brooklyn, NY, 11228 $2,280,000 4 2 3,300 3,300 SqFt
1436 78th Street, Brooklyn, NY, 11228 $1,730,000 -- 4 2,847 2,847 SqFt
1528 84th Street, Brooklyn, NY, 11228 $1,480,000 5 2.5 1,824 1,824 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/25/2026 @ 08:33

MLS: 502527 LISTED BY: Emily Chen-Liang, Tiger Realty 917-708-9966 SOURCE: Brooklyn Board of REALTORS

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