413 57th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $29,078/month
Highlights
- Wood Flooring
- 2-minute walk to 59 Street (N,R Line)
- Handicap Accessible
- IS 220 John J. Pershing Rated A-
- Bike Room
- Multiple cooling system units
About This Home
Attention property investors—this is a rare opportunity you don’t want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: • Front unit: 1-bedroom • Rear unit: 2-bedroom The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: • Current Net Operating Income (NOI): $349,906 annually • Cap Rate: 6.6% • Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually Key Features: • Tenants pay all utilities, including heat and hot water • Low operating expenses • Strong, stable income stream with additional upside Location:
Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn’s most desirable
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,400
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Poured Concrete
Flooring
- Wood
- Tile
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Cellar
Parking
- 4 Parking Spaces
- Shared Driveway
Utilities
- Multiple cooling system units
- Central Air
- Baseboard Heating
- Heating System Uses Gas
- 200+ Amp Service
- 110 Volts
- Gas Water Heater
Additional Features
- 12 Full Bathrooms
- Handicap Accessible
Listing and Financial Details
- Tax Block 839
Community Details
Building Details
- Insurance Expense $8,520
- Utility Expense $900
- Gross Income $388,000
- Net Operating Income $349,906
Additional Features
- 12 Units
- Bike Room
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $2,498 | $939,150 | $45,000 | $894,150 |
| 2025 | $2,498 | $855,450 | $45,000 | $810,450 |
| 2024 | $2,498 | $763,200 | $45,000 | $718,200 |
| 2023 | $2,451 | $763,650 | $45,000 | $718,650 |
| 2022 | $2,445 | $654,750 | $45,000 | $609,750 |
| 2021 | $2,451 | $571,050 | $45,000 | $526,050 |
| 2020 | $1,206 | $212,400 | $45,000 | $167,400 |
| 2019 | $16,138 | $201,600 | $45,000 | $156,600 |
| 2018 | $11,986 | $192,150 | $45,000 | $147,150 |
| 2017 | $7,938 | $180,000 | $45,000 | $135,000 |
| 2016 | $3,949 | $20,182 | $6,055 | $14,127 |
| 2015 | $2,432 | $20,178 | $5,509 | $14,669 |
| 2014 | $2,432 | $19,980 | $6,545 | $13,435 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | For Sale | $5,300,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $3,000,000 | -- | |
| Deed | $875,000 | -- | |
| Deed | $452,000 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Unknown | |
| Open | $700,000 | Unknown | |
| Closed | $650,000 | Unknown | |
| Open | $1,200,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $600,000 | Unknown | |
| Previous Owner | $550,000 | New Conventional | |
| Closed | $684,000 | No Value Available | |
| Previous Owner | $85,500 | No Value Available | |
| Previous Owner | $90,400 | No Value Available | |
| Previous Owner | $361,600 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 500117
APN: 00839-0071
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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Ask me questions while you tour the home.