Ad #7897808
MLS #502527
Excellent investment opportunity! This well-maintained 6-family
1565 70th St, Brooklyn, New York, 11228
$1,988,000
18Beds
7Baths
4,680Sqft
0.046Acres
About this property
Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.
Property Features
18 Beds
7 Baths
4,680 Sqft
Built in 1926
0.046 Acres
3 Stories
Siding: Brick
Flat Roof
$20,768 / yr property tax
Kings County
Additional Photos
Contact Information
Emily Hui Chen-Liang
Tiger Realty
917-708-9966
Location
Listing Agent: Emily Hui Chen-Liang 917-708-9966
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$1,988,000
18
Beds
7
Baths
4,680
Sqft
1565 70th St, Brooklyn, New York, 11228
By contacting this agent you agree to these Terms and Conditions.
MLS# 502527
Excellent investment opportunity! This well-maintained 6-family
$1,988,000
1565 70th St, Brooklyn, New York, 11228
18
Beds
7
Baths
4,680
Sqft
0.046
Acres
$1,988,000
1565 70th St, Brooklyn, New York, 11228
18 Beds
7 Baths
4,680 Sqft
0.046 Acres
Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.
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Property Details
HOME DETAILS
18 Beds
7 Baths
4,680 Sqft
Built in 1926
0.046 Acres
3 Stories
EXTERIOR
Siding: Brick
Flat Roof
FINANCIAL & COMMUNITY
$20,768 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7897808
Viewed
22 times
Listing Status
Active
Added
Jul 06, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
502527
Listing Agent: Emily Hui Chen-Liang 917-708-9966
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Tiger Realty 917-708-9966 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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