Welcome to a fantastic, income generating multi family property in the heart of highly sought after Kensington, Brooklyn !


Property

Website:https://www.nestseekers.com/5645690
Address:
New York, NY 11218
Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$2,450,000
Annual Taxes:$17,215

Description

Welcome to a fantastic, income-generating multi-family property in the heart of highly sought-after Kensington, Brooklyn! This solid brick four-family home offers the ultimate flexibility: keep it as a fully cash-flowing addition to your portfolio, or move into the vacant unit and let the other tenants pay your mortgage. The Residences Unit #1 (Front - 2 BR / 1 BA | 940 Sq. Ft.): DELIVERED VACANT! Perfect for an owner-occupant or a high-rent lease. Freshly updated and painted. Unit #2 (Rear - 1 BR / 1 BA | 620 Sq. Ft.): Cozy layout with wood flooring, currently occupied. Unit #3 (Front - 2 BR / 1 BA | 780 Sq. Ft.): Jan 2025 Updated kitchen & full bath, wood flooring. Unit #4 (Rear - 2 BR / 1 BA | 780 Sq. Ft.): Updated kitchen & full bath, wood flooring, new lighting, new electric panel and spray foam insulation. Key Capital Improvements: Brand New Roof (2024): Newly installed on both the main house and the detached garages, Exterior brick repointed, Fresh Paint: Freshly painted brick exterior on north side of the house, New hot 75 gallon hot water heater (2026). Passive Income: includes a detached 3-bay garage structure. Currently rented to a long-term tenant. Can be delivered vacant. Massive Basement features a large storage area and a separate utility/mechanical area—perfect for tenant storage or property management use. Situated on a quiet residential block in Kensington, you are just moments away from local cafes, diverse dining, shopping, and excellent transit options (F & G trains) for a quick, seamless commute into Manhattan or other parts of Brooklyn. An incredible asset with massive appreciation potential, and major capital improvements already complete. Schedule your tour today!

Amenities

  • Back Yard
  • Cable - Available
  • Electricity Connected
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Other
  • Stone/Brick Wall

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Coldwell Banker American Homes