$2,500,000
PENDING

1551 39th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated payment $14,395/month

Total Views 2,447
-- Bed
5 Baths
3,256 Sq Ft
$768 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Ditmas Avenue
  • Heating System Uses Steam
  • P.S. 164 Caesar Rodney School Rated A
  • Multiple cooling system units
  • 3-minute walk to Dome Playground

About This Home

Fantastic Four-Family Home – Borough Park/Kensington
Located in a highly desirable neighborhood with great potential for income and future development. This property offers three spacious 2-bedroom units with kitchens and dining rooms, plus one 1-bedroom unit with a kitchen and dining room. Features a finished basement. Good condition.
Lot size: 20' x 100' | Building: 20' x 80' | Zoned R6. Perfect for investors, developers, or end-users.
The neighboring four-family property is also for sale — same configuration and zoning. Opportunity to purchase individually or together as a package deal.
Great value in a sought-after Borough Park location!

Listing Agent

Isaac Shmedra Landau

Real Broker NY LLC Listed on: 04/21/2025

Real Broker NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,787

Year Built

  • Built in 1930

Lot Details

  • 1,903 Sq Ft Lot
  • Lot Dimensions are 95 x 20
  • Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 5 Full Bathrooms
  • 3,256 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Stove

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5366

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $2,900
  • Insurance Expense $2,000
  • Utility Expense $1,250
  • Gross Income $86,400
  • Net Operating Income $63,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,787

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Borough: Brooklyn
  • Building Length: 81.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 15th Av
  • Cross Street Name2: 16th Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 4
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Rent Income Period: 12
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 3256
  • Building Stories: 2
  • Street Name I D X: 39th
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 5
  • Flooring: Hardwood
  • Lot Sq Ft: 1903

Exterior Features

  • Yard: Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 54
  • Roof: Flat

Utilities

  • Air Conditioning Units: 4
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2900.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 95
  • Lot Size Width: 20
  • Zoning: R6

Rental Info

  • Rent Income: 86400

Multi Family

  • Annual Gross Expense: 22837.00
  • Annual Gross Income: 86400
  • Insurance Expense: 2000.00
  • Miscellaneous Expense: 1000.00
  • Property Net Operating Income: 63563.00
  • Unit Count: 4
  • Annual Utility Expenses: 1250.00

Tax Info

  • Flip Tax Amount: 14787.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2025 04/21/25 Pending -- -- --
04/21/2025 04/21/25 For Sale $2,500,000 -- $768 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 491025

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11218 Borough Park

1551 39th St, Brooklyn, NY

Pending

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Nearby Homes
Listing Agent
Isaac Shmedra Landau
Section Image
Real Broker NY LLC
(929) 563-6729