1034 Winthrop St, Brooklyn, NY

Name: 1034 Winthrop St, Sold in Brooklyn - Zoocasa
Brand: Keller Williams Rlty Landmark
SKU: 994720
Price: 999999 USD

House

Sold

Listed price in listed location currency (USD).

$1,050,000

$999,999

630

MLS® 994720

Overview

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage

Taxes $5,553

Lot Size 0.0459 Acres

Approx. Age 1930

MLS® Number 994720

Property Address: 1034 Winthrop St, Brooklyn, NY, 11212-1509

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number994720

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

BasementFinished, Full, See Remarks

DrivewayOn Street

Garage Spaces

HeatNatural Gas, Steam, Other

A/CCentral Air, Varies by Unit, Wall/Window Unit(s)

Extras

Map

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