229 65th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $9,395/month
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
RE/MAX Real Estate Professionals License #40AP1037712 Listed on: 01/04/2026
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Purchase Money Mortgage | |
| Closed | $200,000 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 498068
APN: 05816-0065
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Ask me questions while you tour the home.