$1,588,000
$7K PRICE DROP

229 65th St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated payment $9,172/month

Total Views 368
-- Bed
-- Bath
3,600 Sq Ft
$441 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Back Yard
  • Junior High School 259 William McKinley Rated A
  • Heating System Uses Steam
  • 1-minute walk to John Allen Payne Playground

About This Home

SUNSET PARK SOLID BRICK SEMI-DETACHED 5 FAMILY + STORE/OFFICE MIXED USE BUILDING(FREE MARKET RENTS) + SHARED DRIVEWAY + 2 PRIVATE GARAGES FOR CONVENIENT PARKING OR EXTRA RENTAL INCOME- IDEALLY SITUATED IN A MOST DESIRABLE LOCATION ON THE SUNSET PARK/BAY RIDGE BORDER... A TRULY INCREDIBLE INVESTMENT OPPORTUNITY WITH ULTRA-HIGH RENTAL INCOME, AND MORE POTENTIAL UPSIDE... THIS PRIME PROPERTY IS CURRENTLY SETUP AS: TWO (3) BEDROOM APARTMENTS + THREE (2) BEDROOM APARTMENTS + STOREFRONT/OFFICE SPACE + FULL BASEMENT WITH SEPARATE ENTRANCE + 2 PARKING GARAGES, ON A 25x100 LOT SIZE... DON'T MISS OUT ON THIS OUTSTANDING OPPORTUNITY TO OWN A PRIZED PIECE OF REAL ESTATE IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER NEIGHBORHOODS...

Listing Agent

Billy Apter

RE/MAX Real Estate Professionals License #40AP1037712 Listed on: 01/04/2026

RE/MAX Real Estate Professionals

Co-Listing Agent

Vito Angelo

RE/MAX Real Estate Professionals License #40AN0957928

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,911

Year Built

  • Built in 1911

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back Yard
  • Property is zoned M1-1

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Laminate
  • Tile

Unfinished Basement

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

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5816

Community Details

Overview

  • 5 Units

Building Details

  • Fuel Expense $5,000
  • Insurance Expense $7,000
  • Gross Income $178,000
  • Net Operating Income $150,000

Property Details

Property Type

Other

Est. Annual Taxes

$10,911

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance, Unfinished
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 20.00
  • Co List Office Mls Id: 114610
  • Co List Office Phone: (718) 532-2000
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 2nd Ave
  • Cross Street Name2: 3rd Ave
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 5
  • Parking Attributes: 2 Spaces, Detached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3600
  • Building Stories: 3
  • Street Name I D X: 65th
  • Year Built: 1911
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Lot Sq Ft: 2500

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 65
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 5000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: M1-1

Rental Info

  • Rent Income: 178000

Multi Family

  • Annual Gross Income: 178000
  • Insurance Expense: 7000.00
  • Property Net Operating Income: 150000.00
  • Unit Count: 6

Tax Info

  • Flip Tax Amount: 10911.00

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $10,911 $311,400 $45,000 $266,400
2024 $10,911 $259,650 $45,000 $214,650
2023 $10,360 $283,950 $45,000 $238,950
2022 $9,573 $288,000 $45,000 $243,000
2021 $8,890 $265,500 $45,000 $220,500
2019 $8,467 $293,850 $45,000 $248,850
2018 $8,263 $64,966 $10,864 $54,102
2017 $7,655 $60,187 $1,208 $58,979
2016 $7,187 $55,745 $1,267 $54,478
2015 $4,664 $55,727 $1,520 $54,207
2014 $4,664 $51,643 $1,143 $50,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2026 01/12/26 Price Changed $1,588,000 -0.1% $441 / Sq Ft
01/05/2026 01/05/26 Price Changed $1,590,000 -0.3% $442 / Sq Ft
01/04/2026 01/04/26 For Sale $1,595,000 -6.1% $443 / Sq Ft
05/25/2025 05/25/25 Price Changed $1,699,000 -5.6% $472 / Sq Ft
05/01/2025 05/01/25 For Sale $1,799,000 -- $500 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $1,400,000 --
Deed $1,400,000 --
Deed $1,400,000 --
Bargain Sale Deed $165,000 Stewart Title Insurance Co
Bargain Sale Deed $165,000 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Purchase Money Mortgage
Closed $200,000 Purchase Money Mortgage
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 498068

Brooklyn Board of REALTORS®

APN: 05816-0065

New York Kings County Brooklyn 11220 Sunset Park

229 65th St, Brooklyn, NY

For Sale

Other

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Listing Agent
Billy Apter
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RE/MAX Real Estate Professionals
(347) 497-6621