618 E 2nd Street,Brooklyn, NY 11218
Brooklyn, NY 11218
Description
Welcome to a fantastic, income-generating multi-family property in the heart of highly sought-after Kensington, Brooklyn! This solid brick four-family home offers the ultimate flexibility: keep it as a fully cash-flowing addition to your portfolio, or move into the vacant unit and let the other tenants pay your mortgage.The Residences Unit #1 (Front - 2 BR / 1 BA | 940 Sq. Ft.): DELIVERED VACANT! Perfect for an owner-occupant or a high-rent lease. Freshly updated and painted. Unit #2 (Rear - 1 BR / 1 BA | 620 Sq. Ft.): Cozy layout with wood flooring, currently occupied. Unit #3 (Front - 2 BR / 1 BA | 780 Sq. Ft.): Jan 2025 Updated kitchen & full bath, wood flooring. Unit #4 (Rear - 2 BR / 1 BA | 780 Sq. Ft.): Updated kitchen & full bath, wood flooring, new lighting, new electric panel and spray foam insulation. Key Capital Improvements: Brand New Roof (2024): Newly installed on both the main house and the detached garages, Exterior brick repointed, Fresh Paint: Freshly painted brick exterior on north side of the house, New hot 75 gallon hot water heater (2026). Passive Income: includes a detached 3-bay garage structure. Currently rented to a long-term tenant. Can be delivered vacant. Massive Basement features a large storage area and a separate utility/mechanical areaperfect for tenant storage or property management use.Situated on a quiet residential block in Kensington, you are just moments away from local cafes, diverse dining, shopping, and excellent transit options (F & G trains) for a quick, seamless commute into Manhattan or other parts of Brooklyn.An incredible asset with massive appreciation potential, and major capital improvements already complete. Schedule your tour today!
Details
| MLS # | 1023847 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 40 |
| Listing Provided By | Coldwell Banker American Homes | Barbara A. Mullaney |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,120 |
| Garage | 3 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.07 |
Interior
| Cooling | Varies by Unit |
|---|---|
| Heating | Natural Gas, Other |
| Interior Features | Other |
Exterior
| Construction Materials | Block |
|---|---|
| Lot Features | Back Yard, Near Public Transit, Near School, Near Shops, Stone/Brick Wall |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway, Garage |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 331200 |
| Tax Annual Amount | 17215 |
| Tax Lot | 44 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11218 |
| School District | Franklin Delano Roosevelt High S |
| Elementary School | Ps 179 Kensington |
| High School | Franklin Delano Roosevelt High S |
| Listing VS Median (in 11218) | |
Price: $2,450,000 low | high Med: $1,200,000 sqft: 3,120 low | high Med: 2,446 $ / sqft: $785 low | high Med: $491 On site: 40 low | high Med: 59 | |
Market Activity 11218
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11218 |
| School District | Franklin Delano Roosevelt High S |
| Elementary School | Ps 179 Kensington |
| High School | Franklin Delano Roosevelt High S |
| Listing VS Median (in 11218) | |
Price: $2,450,000 low | high Med: $1,200,000 sqft: 3,120 low | high Med: 2,446 $ / sqft: $785 low | high Med: $491 On site: 40 low | high Med: 59 | |
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