Property
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 10 |
| Bedrooms: | Studio |
Financials
Price:$1,485,000
Real estate tax:$636
Listing Courtesy of The Corcoran Group
Exceptional Income Producing Two Family Brick Home in East New York Discover a rare opportunity to own a beautifully maintained legal two family brick home that combines comfortable owner occupancy ...
Description
Exceptional Income-Producing Two-Family Brick Home in East New York
Discover a rare opportunity to own a beautifully maintained legal two-family brick home that combines comfortable owner occupancy with a well-established income-producing furnished rental operation. Thoughtfully renovated and meticulously maintained, this property offers an excellent opportunity for investors, owner-occupants, or buyers seeking to offset their housing expenses with substantial rental income.
The home features a spacious owner's residence on the ground level, while the upper floors are configured to maximize rental potential with multiple private bedrooms. The current owner has successfully operated the furnished rental business since 2018, maintaining approximately 98% occupancy with a strong history of reliable, long-term professional tenants.
Significant capital improvements provide peace of mind for the next owner, including a new roof installed in 2021 with solar panels, updated plumbing and electrical systems, a new boiler (2024), and a new central air conditioning system (2025). The property also benefits from a solar tax abatement, helping keep annual property taxes remarkably low.
Additional highlights include:
Discover a rare opportunity to own a beautifully maintained legal two-family brick home that combines comfortable owner occupancy with a well-established income-producing furnished rental operation. Thoughtfully renovated and meticulously maintained, this property offers an excellent opportunity for investors, owner-occupants, or buyers seeking to offset their housing expenses with substantial rental income.
The home features a spacious owner's residence on the ground level, while the upper floors are configured to maximize rental potential with multiple private bedrooms. The current owner has successfully operated the furnished rental business since 2018, maintaining approximately 98% occupancy with a strong history of reliable, long-term professional tenants.
Significant capital improvements provide peace of mind for the next owner, including a new roof installed in 2021 with solar panels, updated plumbing and electrical systems, a new boiler (2024), and a new central air conditioning system (2025). The property also benefits from a solar tax abatement, helping keep annual property taxes remarkably low.
Additional highlights include:
- Legal two-family brick property
- Spacious owner's residence plus income-producing rental units
- Strong rental history with approximately $100,000 in annual gross income
- Approximately 3,000 square feet of living space
- Beautiful brick exterior with generous outdoor space
- Updated major building systems
- Energy-efficient solar panel system
- Excellent opportunity for investors or owner-occupants seeking additional income

RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.