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for saleRealtyLens property overview
$1,900,000
1586 E 22nd St
Brooklyn, NY, 11210
View more Brooklyn, NY property pages11Beds
6Baths
5,451Sqft
$349$/sqft
Listing Notes
Great investment in the heart of Midwood. HIGH cap 6 family free market 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 per monthwithout doing anything.
Market Insights
Below nearby median-52%
$349/sqft vs a nearby median of $723/sqft.
Nearby median$723/sqft
Nearby properties8
Property size5,451 sqft
- -52% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 5,451 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.82M$3.48M – $4.17M · 50% confidence
vs ask $1.90M−$1.92M (−101.2%)
Asking price is about 101.2% below the fair value — likely to draw competing offers if it's still on market.
$723/sqft median across 7 tight comps × 5,451 sqft= $3.94M
- Open Class C HPD violations−$118k −3.0%
- Pre-war character+$99k +2.5%
- Days-on-market gravity−$59k −1.5%
- Sparse street life−$59k −1.5%
- Transit access+$20k +0.5%
Cumulative NYC adjustments−$118k−3.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 111 days
- Last price change
- No change recorded
- Listed
- Jan 21, 2026
- Photos
- 17 photos
- Property type
- single family
- Status
- for sale
- Last sold
- Dec 8, 2021 · $1,470,000
Features & Amenities
BasementRental Property
Photos
Building Facts
- Year built
- 1926
- Stories
- 3
- Total units
- 6
- Residential units
- 6
- Building area
- 5,451 sqft
- Lot size
- 3,001 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C2
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,900,000for sale
Public Records
DOB violations6 open
28 total recorded against the building
HPD violations10 open
2 class C (immediately hazardous)
ACRIS documents12
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)24,682
Top: illegal parking
Top complaint types in ZIP 11210
- Illegal Parking3,514
- HEAT/HOT WATER2,950
- Noise - Residential2,608
- Blocked Driveway2,013
- UNSANITARY CONDITION1,081
Recent DOB
- Sep 23, 2024V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Sep 23, 2024V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Apr 25, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Apr 25, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Recent HPD
- Mar 12, 2025Class C · § 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES IN THE ENTRA...
- Mar 12, 2025Class B · § 27-2045 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 1R, 1st STORY, 1st APARTMENT FROM SOUTH AT WEST
- Mar 12, 2025Class B · § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 1R, 1st STORY, 1st APARTMENT FROM SOUTH AT WEST
- Jan 28, 2025Class B · § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). MISSING IN THE ENTIRE APARTMENT LOCATED AT APT 3F, 3rd STORY, 1st APARTMENT FROM NORTH AT EAST
Recent Transfers (ACRIS)
- Dec 8, 2021DEED$1,470,000
- Apr 2, 2007DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.