$1,388,000

361 E 59th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated payment $8,332/month

Total Views 3,185
-- Bed
6 Baths
3,201 Sq Ft
$434 Price per Sq Ft

Highlights

  • Tile Flooring
  • Heating System Uses Steam
  • 4-minute walk to Harry Maze Playground
  • Multiple cooling system units
  • Back Yard

About This Home

Introducing a beautiful 6-family Solid Brick in a prime neighborhood, Sunset Park. This Building size of 21x60 sitting on a 21x100 lot. Taxes are $10,283/year. The building consists of 6 One-Bedroom apartment (all in move in condition) with access to a full basement. The building currently provides a gross annual rental income of $110,749, and it also determines that current tenants are at or about paying fair market rents. The building is conveniently located minutes away from all shopping and transportation on 4th Ave and 5th Ave, near N and R train Subway station. Please have the pre-approval or proof of funds ready with all offers. 24-hour notice that way all showings can be accommodated.

Listing Agent

Anthony Frazzetta

RE/MAX Real Estate Professionals License #31SA1010105 Listed on: 07/01/2025

RE/MAX Real Estate Professionals

Co-Listing Agent

Chao Min Xu

Century 21 Realty First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,283

Year Built

  • Built in 1906

Lot Details

  • 2,051 Sq Ft Lot
  • Lot Dimensions are 100 x 21
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 3,201 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Tile

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 854

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $4,567
  • Insurance Expense $3,500
  • Utility Expense $846
  • Gross Income $110,748
  • Net Operating Income $93,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,283

Year Built

Built in 1906

Lot Details

2,051 Sq Ft Lot

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 21.00
  • Co List Office Mls Id: 119600
  • Co List Office Phone: (718) 758-5838
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Ave
  • Cross Street Name2: 3rd Ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 3201
  • Street Name I D X: 59th
  • Waterfront Present: No
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Flooring: Laminate, Tile
  • Lot Sq Ft: 2051

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Block, Brick
  • Exterior: Other
  • Foundation Details: Block
  • Lot Number: 50
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 4567.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 21
  • Zoning: R6A

Multi Family

  • Annual Gross Expense: 27487.00
  • Annual Gross Income: 110748
  • Insurance Expense: 3500.00
  • Property Net Operating Income: 93000.00
  • Unit Count: 6
  • Annual Utility Expenses: 846.00

Tax Info

  • Flip Tax Amount: 10283.00

Map

Range of Values:

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Value Increase
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Percent Increase
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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 $6,557 $39,300 $11,760 $27,540
2024 $6,557 $46,200 $11,760 $34,440
2023 $6,565 $48,900 $11,760 $37,140
2022 $6,088 $42,780 $11,760 $31,020
2021 $6,055 $38,400 $11,760 $26,640
2019 $5,691 $28,320 $11,760 $16,560
2018 $5,491 $26,937 $10,517 $16,420
2017 $5,180 $25,413 $11,530 $13,883
2016 $4,793 $23,976 $11,242 $12,734
2015 $2,892 $23,976 $11,387 $12,589
2014 $2,892 $22,670 $11,683 $10,987
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2025 07/01/25 For Sale $1,388,000 -- $434 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 493898

Brooklyn Board of REALTORS®

APN: 07907-0008

New York Kings County Brooklyn 11203 East Flatbush

361 E 59th St, Brooklyn, NY

For Sale

MultiFamily

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Anthony Frazzetta
Listing Agent
Anthony Frazzetta
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RE/MAX Real Estate Professionals
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