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1565 70th Street
Brooklyn NY 11228 US

$1,988,000

Active Listing ID 502527
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18 bed
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7.00 Bath (6 Full)
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Lot: 0.05 Acres
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Other

$1,988,000

Active Listing ID 502527
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1565 70th Street Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13, 626 per month ($163, 512 annually), including basement income. Annual operating expenses are approximately $32, 093, consisting of property taxes of $20, 973, water and sewer charges of $5, 400, insurance of $5, 000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131, 419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.

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Property Features

  • Facts
  • Lot Size: 0.05 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6
  • 3/4 Bathrooms: 1
  • Floor Covering: Tile, Hardwood
  • Roof Type: Flat
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1988000
  • unparsedaddress: 1565 70th Street
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11228
  • bathroomsfull: 6
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 1
  • lotsizeacres: 0.0459
  • lotsizeunits: Acres
  • lotsizearea: 0.0459
  • livingarea: 4680
  • livingareaunits: Square Feet
  • latitude: 40.619648
  • longitude: -73.998234
  • listagentfullname: Emily Hui Chen-Liang
  • listagentemail: huitingliang@yahoo.com
  • listagentkey: 3yd-BMLSNY-htl8672
  • listagentmlsid: htl8672
  • listagentpreferredphone: (917) 708-9966
  • listagentofficephone: 9177089966
  • listofficekey: 3yd-BMLSNY-120260
  • listofficemlsid: 120260
  • disclaimer: Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BMLSNY
  • yearbuilt: 1926
  • listingcontractdate: 2026-06-23
  • countyorparish: Kings (Brooklyn)
  • constructionmaterials: Brick
  • flooring: Tile, Hardwood
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Stove
  • rooms: Bathroom 3, Bedroom 7, Bedroom 13, Bedroom 1, Bedroom 16, Bedroom 15, Bedroom 3, Bedroom 10, Bedroom 9, Bedroom 18, Bathroom 5, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 17, Bathroom 4, Bedroom 12, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 14, Bathroom 7, Bedroom 8, Bedroom 11, Bathroom 1
  • basement: Finished, Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.99824, 40.619648
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Tiger Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"huitingliang@yahoo.com", "ListBrokerageCity":"Brooklyn", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Tiger Realty", "ListBrokeragePhone":"(917) 708-9966", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1484 86th St", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"1484 86th Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"120260", "ListOfficeCity":"Brooklyn", "ListOfficeCountry":"US", "ListOfficeEmail":"tigerrealtygroup@gmail.com", "ListOfficePostalCode":"11228", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Brooklyn, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1565-70th-St_Brooklyn_NY_11228_M45242-56385?f=listhub&s=BMLSNY&m=502527&c=rexren", "MLSModificationTimestamp":"2026-06-23 16:10:05", "Neighborhoods":[{"Description":null, "Name":"Bensonhurst"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":20768, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/24/2026 3:30:32 PM GMT
Source Updated Date: 6/26/2026 6:41:16 PM GMT

Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.