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580 E 22nd St
Brooklyn, NY 11226
580 E 22nd St, Brooklyn · Multifamily Property For Sale
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20 Units
Investment Highlights
- 25% Free Market Building - Fully occupied 20-unit asset featuring 5 FM & 15 RS units with large layouts; average $1,710/month/unit
- Strong Upside Potential - Opportunity for 35% rent upside in both free market and preferential rent units, providing significant value-add potential.
- Efficient Building Infrastructure - Features a gas-fired boiler for heating and individual electric meters, reducing landlord utility expenses.
- Well-Maintained Asset - Minimal deferred maintenance and not subject to Local Law 97 energy requirements, reducing operational costs.
- Prime Brooklyn Location • Half a mile to Newkirk Plaza (B & Q trains) & Newkirk Ave-Little Haiti (2 & 5 trains)
- Tenant-Friendly Amenities - Building features a common area Amazon delivery hub and basement laundry facilities, enhancing convenience for residents.
Property Facts
| No. Units | 20 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 15,216 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1931 |
| Zoning | R7A | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 15,216 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R7A |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 3+2 | 11 | - | - |
Property Taxes
| Parcel Number | 05221-0048 | Improvements Assessment | $621,000 |
| Land Assessment | $29,250 | Total Assessment | $650,250 |
Property Taxes
Parcel Number
05221-0048
Land Assessment
$29,250
Improvements Assessment
$621,000
Total Assessment
$650,250
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