#854103, Listing office: Hanmi Realty
$1,900,000 List price
1586 E 22nd St Brooklyn, NY 11210
11 beds
6 full
5,451 sqft
$349 / sqft
Multi-Family
Property details
About 1586 E 22nd St
Excellent Investment Opportunity! All Brick Semi-Attached 5 Families Building in the center of Midwood and Kings Highway Area. Close to Busy Kings Highway shopping area, schools and Q & B train, Kings Highway Station and Transporation. There are 5 - Two Bedrooms/1 Bath Apartments with private driveway and car port. Financial Summary: Annual Rent Roll (Gross Income): $208,068, Operating Expenses: $58,800 and Net Operating Income (NOI): $149,268. Cap Rate: Over 7.0% Investment Highlights: Solid Cap Rate: A cap rate above 7% in Brooklyn is generally considered strong, especially in desirable neighborhoods like Midwood. Prime Location: Proximity to transportation and retail increases desirability for renters. Brick Construction: Durable, low maintenance. Private Parking: A rare and valuable amenity in Brooklyn.
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas
StatusActive
CoolingWindow Unit(s)
Size5,451 sqft
BasementYes
Year built1926
Parking1 Space,Other, Carport
MLS #492792
FireplaceStove
Summary
- Full Bathrooms: 6
- Appliances: Refrigerator, Stove
- Basement: Yes
- Flooring Type: Hardwood, Tile
- Fireplace: Stove
- Total Bedroom Count: 11
- Parking: 1 Space,Other, Carport
- Heating: Baseboard, Natural Gas
- Cooling: Window Unit(s)
- List Price: $1,900,000
- Price/SqFt: $348
- Annual Tax Amount: $29,574
- Tax Year: 2024
- Year Built: 1926
- Stories: 3
- Living Area: 5,451 SqFt
- MLS Number: 492792
- Office Name: Re/Max Real Estate Professiona
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/30/2025, 10:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 08, 2021 | Home Sold | $1,470,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $384,120 | $29,574 |
| 2023 | $480,150 | $28,648 |
| 2021 | $441,000 | $24,107 |
| 2019 | $483,300 | $24,508 |
| 2018 | $176,269 | $20,762 |
| 2017 | $163,238 | $9,744 |
History based on county public records data.
Nearby schools
6
P.S. 197 The Kings Highway Academy
Public District PK-5
0.0 mi
•1599 E 22nd St
6
P.S. 199 Frederick R. Wachtel School
Public District PK-5
0.6 mi
•1100 Elm Ave
7
P.S. 193 Gil Hodges School
Public District KG-5
0.6 mi
•2515 Avenue L
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,000. The majority of Brooklyn, NY residents have income less than $<35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
50%
<35k
30%
35k-100k
18%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
5%
Single, with Kids
24%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Live Theatre
Music Concerts
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Boston Market
Chipotle
What do the neighbors drive?
Audi
Mercedes
Volkswagen
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
#489013, Listing office: Behfar Team, LLC
#493289, Listing office: Double Door Realty Inc
Frequently asked questions
About 1586 E 22nd St
The listing price of 1586 E 22nd St property is $1,900,000.
The property 1586 E 22nd St is a multi located in Brooklyn, New York, 11210.
Active Listing: 1586 E 22nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1586 E 22nd St are: P.S. 197 The Kings Highway Academy (GreatSchools Rating 6/10), P.S. 199 Frederick R. Wachtel School (GreatSchools Rating 6/10), P.S. 193 Gil Hodges School (GreatSchools Rating 7/10), J.H.S. 234 Arthur W. Cunningham (GreatSchools Rating 8/10), P.S. 238 Anne Sullivan School (GreatSchools Rating 4/10), Intermediate School 381 (GreatSchools Rating 7/10), James Madison High School (GreatSchools Rating 5/10), Edward R Murrow High School (GreatSchools Rating 5/10), Urban Dove Team Charter School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $29,574 (source: MLS/based on county public records data).
The last sale was on December 8, 2021 for $1,470,000 (source: MLS/tax record).
The property 1586 E 22nd St is 5,451 SqFt (source: MLS/tax record).
The year of construction for 1586 E 22nd St is 1926.
This home is located at 1586 E 22nd St in Brooklyn, NY and zip code 11210 in the Southern Brooklyn neighborhood. This 5,451 square foot home was built in 1926. Features: 11 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 19, 2025 and is currently priced at $1,900,000.
In June 2025, from all listings sold in Brooklyn, NY there were more than 44 sold above asking price, over 155 sold below and more than 293 were sold right at the asked price. The number of homes for sale in Brooklyn, NY decreased by 5% between May and June 2025. The median list price of listings available in June 2025 was $1,019,077, while the average time on the real estate market was 92 days.
From Rocket Homes Real Estate and based on county public records data.