413 57th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $28,299/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
| 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 | $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
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | For Sale | $5,300,000 | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 500117
APN: 00839-0071
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Ask me questions while you tour the home.