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… Read More 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 Whether you're looking for a turnkey investment or a home that generates substantial income, this exceptional Brooklyn property offers flexibility, strong cash flow potential, and long-term value. Read Less
Listing Courtesy of: Jin Hee Son, Corcoran Group
Listing Snapshot
Days Online
0
Last Updated
Property Type
MultiFamily
Beds
8
Full Baths
3
Square Ft.
1,000
Lot Size
0.05 Acres
Year Built
1901
MLS Number
RLS20104128
Additional Details
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 10, Structure Type: Townhouse
Exterior Features
Patio And Porch Features: None
Interior Features
Interior Features: SmokeFree
Lot
Parcel Number: 04071-0039
Property
Property Sub Type: MultiFamily, View YN: t, View: Other
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