$2,400,000
$100K PRICE DROP

Estimated payment $13,912/month

Total Views 1,572
8 Beds
3 Baths
3,900 Sq Ft
$615 Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • The Seeall Academy Rated A
  • Heating System Uses Steam

About This Home

Prime Investment Opportunity in Borough Park – 1230 59th Street, Brooklyn

Situated in the heart of Brooklyn's thriving Borough Park neighborhood, this multi-family property at 1230 59th Street is a standout opportunity for savvy investors. With 3 income-generating units and the added advantage of being delivered vacant, this property offers maximum flexibility for customization and rental potential.

Property Highlights:

Delivered Vacant: A rare opportunity to set your own rents or renovate to your exact specifications without tenant constraints.

Turnkey Potential: Well-maintained building with recent updates, ensuring low maintenance costs and a seamless path to generating income.

Spacious Layouts: Each unit boasts functional floor plans with hardwood floors, high ceilings, and abundant natural light to attract quality tenants.

Updated Features: Modern kitchens with stainless steel appliances and up to date bathrooms enhance tenant appeal.

High Demand Location: Steps away from 13th Avenue’s shopping and dining area, with easy access to public transportation (D and N subway lines), making it a commuter’s dream.

Outdoor Appeal: A private backyard adds value for tenants and potential for additional amenities.

Why Invest Here?
Borough Park is a vibrant and stable rental market, ensuring consistent demand year-round. With this property delivered vacant, investors have unparalleled flexibility to maximize rental income or reposition the property for even greater returns.

This is a rare chance to capitalize on a high-demand area with strong appreciation potential. Contact us today to learn more about the financials and schedule a private showing.

Listing Agent

Rene Attias

EXP Realty Brokerage Phone: 888-276-0630 License #10301220261 Listed on: 06/05/2025

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,585

Year Built

  • Built in 1925

Lot Details

  • 2,003 Sq Ft Lot

Parking

  • 1 Carport Space

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Steam

Additional Features

  • Finished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 05711-0017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,585

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Year Built: 1925
  • Attribution Contact: 888-276-0630
  • Carport Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom
  • Full Bathrooms: 3
  • Basement: Finished
  • Total Bedrooms: 8
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Unknown
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Carport Spaces: 1

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Steam
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.046
  • Lot Size Sq Ft: 2003
  • Building Area Total: 3900
  • Parcel Number: 05711-0017
  • Property Attached: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 7585.12
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,585 $116,880 $24,240 $92,640
2024 $7,585 $92,340 $24,240 $68,100
2023 $7,408 $113,280 $24,240 $89,040
2022 $5,265 $121,020 $24,240 $96,780
2021 $7,257 $103,080 $24,240 $78,840
2020 $5,414 $109,740 $24,240 $85,500
2019 $5,195 $111,660 $24,240 $87,420
2018 $6,196 $30,396 $9,556 $20,840
2017 $5,977 $29,319 $8,069 $21,250
2016 $5,746 $28,743 $10,424 $18,319
2015 $3,336 $27,799 $14,056 $13,743
2014 $3,336 $26,226 $12,540 $13,686
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $2,400,000 -4.0% $615 / Sq Ft
06/05/2025 06/05/25 For Sale $2,499,999 -- $641 / Sq Ft
Source: OneKey® MLS

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Source: OneKey® MLS

MLS Number: 874137

OneKey® MLS

APN: 05711-0017