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$1,900,000 Just Listed
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Property Description
Great investment in the heart of Midwood . HIGH cap 6 family free market brick building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 without doing anything. Owner will consider seller finance if good downpayment is put down.
Full Property Details
Full Property Details for 1586 E 22nd St
General
- Price: $1,900,000
- Taxes: $31,774
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 953966
- Updated: Today (1/21/2026)
- Added to Site: Today
Parking
- Parking Features: Off Street
Location
- County: Kings (Brooklyn)
- Driving Directions: googlemap
School Information
- High School District: Brooklyn
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 5451
- Square Feet: 5,451
- Year Built: 1926
Financial Considerations
- Tax Amount: $31,774
Disclosures and Reports
- Special Conditions: None
Listed by Landmark International R E LLC
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Schools
Schools serving 1586 E 22nd St
School District:New York City Geographic School District 22
| Name | Grades | Distance |
|---|---|---|
Ps 197 The Kings Highway Academy 1599 East 22nd Street, Brooklyn, NY 11210 | PK-5 | 0 mi |
Andries Hudde School 2500 Nostrand Avenue, Brooklyn, NY 11210 | 6-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1586 E 22nd St
Date
Details
Price
Change
Source
1/21/2026
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1586 E 22nd St
1586 E 22 St, Brooklyn, NY 11229 (MLS# 953966) is a Commercial property. 1586 E 22 St is currently listed for $1,900,000 and was received on January 21, 2026. Want to learn more about 1586 E 22 St? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

