1034 Winthrop Street • Brooklyn, NY 11212

$999,999 Beds: 6 • Baths: 3 full • Sq. Feet: 0 • MLS ID: 994720 • Subdivision:School Dist: Brooklyn 23
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. View this listing at: http://thomascipriano.laffey.com/mls=994720

Property Features

  • Taxes: $5,552
  • Basement: Yes
  • Exterior: Brick
  • Lot Size: 0.08 Acres
  • Heating: Natural Gas,Steam,Other
  • Cooling: Central Air,Varies by Unit,Wall/Window Unit(s)
  • Year Built: 1930
  • Water: Public
  • Sewer: Public Sewer
  • Units: 4
  • On Market Date: 2026-05-07
  • Basement: Finished,Full,See Remarks
  • Building Area Total: 3280
  • Interior Features: Entrance Foyer,Other
  • Parcel Number: 04628-0007
  • Parking Features: On Street
  • Property Attached Y/N: 1
  • Rental Term: Monthly
  • Tenant Pays: Electricity,Gas
  • Utilities: Cable Available,Electricity Available,Natural Gas Available

School Information

  • High School: Brooklyn Democracy Academy
  • Middle School: Brooklyn Collegiate
  • Elementary School: Ps 184 Newport
  • School District: Brooklyn 23
Printed May 08, 2026


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