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1569 70th St 5 Unit Apartment Building $2,580,000 ($516,000/Unit) Brooklyn, NY 11228
EXECUTIVE SUMMARY
Wonderful 5-family free-market rental located in desirable Dyker Heights. The building has been fully renovated throughout and is in excellent, move-in-ready condition. Each apartment features separate utilities, with tenants paying their own cooking gas and electric. There are 5 individual boilers and heating systems, fully separate for each unit—making the landlord’s only responsibilities water, taxes, and insurance. Unit configuration includes 1 three-bedroom duplex with 2 full bathrooms, 1 three-bedroom/1-bath apartment, and 3 two-bedroom/1-bath apartments. All units are vacant, offering immediate income potential or flexible use. A rare opportunity to own a turn-key, free-market investment property in a prime Brooklyn location. Don’t miss this exceptional offering.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,580,000 | Apartment Style | Low-Rise |
| Price Per Unit | $516,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 4,680 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | R5 | ||
| Price | $2,580,000 |
| Price Per Unit | $516,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,680 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Tile Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (84)
PROPERTY TAXES
| Parcel Number | 06158-0034 | Improvements Assessment | $283,950 |
| Land Assessment | $136,350 | Total Assessment | $420,300 |
PROPERTY TAXES
Parcel Number
06158-0034
Land Assessment
$136,350
Improvements Assessment
$283,950
Total Assessment
$420,300
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1569 70th St
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