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$1,049,000

For Sale - Active
3022 Avenue I, Brooklyn, NY 11210
3 Beds
4 Baths
2,160 Square Feet
0.05 Acres Lot
Built in 1925
For Sale - Active
1 Units
Checked: 12 hours ago
Updated: Jul 28, 2025 at 04:25AM

Investment Summary


Monthly Cash Flow
-$2,758
Cap Rate
2.9%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.3%

Property Description


0.05 Acres Lot
Built in 1925
For Sale - Active
1 Units

Space, style & modern luxury come together at 3022 Avenue I. A meticulously renovated, turn key move in ready single family, with parking nestled on a beautiful tree lined street of Midwood. Open the door and enter an expansive sun drenched, modern open concept living/dining area which provides great space for stainless steel appliances. The elegant chefs granite kitchen is tucked away towards the rear of the property. Kitchen features floor to ceiling custom cabinetry, adorned with a full fleet of stainless steel appliances, double sink, island for bar stool seating and leads out into lush rear yard. Powder room on first floor for your guest. Up a flight of stairs onto the second floor 3 spacious bedrooms awaits you, each equipped with ample closet space. The primary suite is equipped with a private en suite that boast spa-like finishes. Down the hall an additional fully tiled bathroom is shared between the two additional bedrooms. The high ceiling full finished basement can be used as the perfect in-law suite, media den, storage space or additional recreational space. Renovations include brand new select wide oak wood flooring, recessed lighting, energy saving Split unit systems, brand new electrical, heating and plumbing systems throughout. Conveniently located with close proximity to major transportation which makes commuting a breeze. Just off Nostrand Avenue, Flatbush Avenue, Avenue J, Avenue K. Short blocks to schools, shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

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Location


Property Details


Parking

  • Description: Private
  • Details: Driveway, Private
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full

Land Information

  • Land Use: Residential
  • Land Use Subtype: General - Single

Lot Information

  • Parcel ID: 075940049
  • Lot Size: 2200 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1925

Tax Information

  • Annual Tax: $5,883

Utilities

  • Water & Sewer: Private
  • Heating: ENERGY STAR Qualified Equipment
  • Cooling: ENERGY STAR Qualified Equipment

Location

  • County: Kings

Listing Details


Listed by:
Gabriel Kashi
Keystone Realty USA Corp
(347) 419-5268

Source:
OneKey MLS
MLS#: 858052
OneKey MLS

Investment Summary


Monthly Cash Flow
-$2,758
Cap Rate
2.9%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.3%

Purchase Details

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Purchase price:
$1,049,000
Amount financed:
-$839,200
Down payment:
$209,800
Closing costs:
$31,470
Rehab costs:
$0
Initial cash invested:
$241,270
Square feet:
2,160
Cost per square foot:
$486
Monthly rent per square foot:
$2.04

Financing Details

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Loan amount:
$839,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$5,304
Property tax:
$490
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,102

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$490-$5,884
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$1,590-$19,084

Cash Flow


Monthly Yearly
Net operating income:
$2,546 $30,552
Mortgage payments:
-$5,304 -$63,648
Cash flow:
$2,758 $33,096