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$1,489,000
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Property Description
Unique Investment Opportunity in East Flatbush, Brooklyn** Welcome to an exceptional income-generating property nestled in the heart of East Flatbush, Brooklyn. This all-brick corner property offers a diverse mix of residential and commercial spaces, making it a prime investment for discerning buyers. **Residential Units: ** - **Two-Family Configuration: ** - **Unit 1: ** Spacious 3-bedroom unit, meticulously renovated with modern finishes. - **Unit 2: ** Cozy 1-bedroom unit, also fully updated to meet contemporary standards. - Both units are currently tenant-occupied, ensuring immediate rental income. - Each tenant is responsible for their own heat, hot water, and electricity, offering hassle-free property management. - Brand new plumbing and electric systems installed in both units, providing peace of mind and efficiency. **Additional Property Features: ** - Includes a garage, adding significant value for potential commercial uses or tenant convenience. - The property boasts new high-efficiency boilers, ensuring reliable and cost-effective heating. - Situated on a prominent corner lot, offering high visibility and accessibility for commercial tenants. **Investment Highlights: ** - The purchase includes an option to acquire the property through the existing LLC, which holds a long-term mortgage with a favorable low interest rate. This structure could offer significant financial advantages and facilitate a smoother transaction process. Don't miss out on the chance to own this versatile and lucrative real estate investment in a vibrant Brooklyn neighborhood. Whether you're looking to expand your portfolio or start a new business venture, this is a perfect opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable property!
Full Property Details
Full Property Details for 5022 Avenue D
General
- Price: $1,489,000
- Taxes: $21,331
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 892792
- Updated: 7/23/2025
- Added to Site: 222 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
Location
- County: Kings (Brooklyn)
- Cross Streets: Utica Ave. & E 51st St.
- Driving Directions: GPS - 5022 Avenue D Brooklyn NY 11203
Heating & Cooling
- Cooling Type: None
- Heating Type: Steam, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: See Remarks
- Building Size: 2800
- Square Feet: 2,800
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.0367
- Lot Size (Sq. Ft.): 1,600
Financial Considerations
- Tax Amount: $21,331.92
- Tenant Pays: See Remarks
Disclosures and Reports
- Special Conditions: None
- Property ID: 04781-0010
Listed by RE/MAX R E Professionals
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Schools
Schools serving 5022 Avenue D
School District:New York City Geographic School District 18
| Name | Grades | Distance |
|---|---|---|
Ps 208 Elsa Ebeling 4801 Avenue D, Brooklyn, NY 11203 | PK-5 | 0.1 mi |
Is 285 Meyer Levin 5909 Beverley Road, Brooklyn, NY 11203 | 6-8 | 0.5 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 5022 Avenue D
Date
Details
Price
Change
Source
7/23/2025
Listed
$1,489,000
38.51%
MLS
10/03/2018
Sold
$1,075,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5022 Avenue D
Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,011
3%
$176,085
-13%
2024
$21,332
8%
$202,050
—
2023
$19,752
10%
$202,950
20%
2022
$17,945
8%
$169,200
25%
2021
$16,616
-10%
$135,450
-16%
2020
$18,410
-8%
$161,640
—
2019
$20,066
3%
$161,640
5%
2017
$19,494
5%
$153,270
6%
2016
$18,609
8%
$144,342
8%
2015
$17,218
11%
$133,650
8%
2014
$15,498
-5%
$123,750
5%
2013
$16,265
—
$117,900
—
Disclaimer: Historical tax 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 5022 Avenue D
5022 Avenue D, Brooklyn, NY 11203 (MLS# 892792) is a Multi-Family property with 4 units containing 4 bedrooms and 2 full bathrooms. 5022 Avenue D is currently listed for $1,489,000 and was received on July 23, 2025. Want to learn more about 5022 Avenue D? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

