$1,099,000

459 42nd St Brooklyn, NY 11232

Sunset Park Neighborhood

Estimated payment $7,307/month

Total Views 11,663
24 Beds
8 Baths
6,668 Sq Ft
$165 Price per Sq Ft

Highlights

  • 2,672 Sq Ft lot
  • 4-minute walk to 45 Street
  • Heating System Uses Steam
  • Wood Flooring
  • Cooling Available
  • 5-minute walk to Sunset Park

About This Home

*Investor Special – Turnkey Income Property! Fantastic opportunity for investors or end users seeking strong immediate rental income, offering a solid 6.33% cap rate. Property will be delivered as-is with tenants in place.* Discover this rare gem—an 8-family building located in the heart of the sought-after Sunset Park neighborhood. Boasting eight spacious three-bedroom apartments across four stories, this property also includes a basement with a separate front entrance.
• Building Dimensions: 27' x 65'
• Lot Dimensions: 27' x 100'
• Prime Location: Just minutes away from the vibrant 5th Avenue commercial district, brimming with dining, shopping, and entertainment options. Conveniently close to the R train, local buses, I-278, and the Belt Parkway, ensuring seamless accessibility.
Zoning: R6B—offering significant growth and development potential.
This is an investment opportunity you don’t want to miss! Act fast—it won't last!

Listing Agent

Ping Chen

RE/MAX Edge Listed on: 12/04/2024

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,165

Year Built

  • Built in 1914

Lot Details

  • 2,672 Sq Ft Lot
  • Lot Dimensions are 26.67x100.17
  • Irregular Lot
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 6,668 Sq Ft Home
  • 4-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 8 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tax Block 719

Community Details

Building Details

  • Fuel Expense $6,000
  • Insurance Expense $1,000
  • Utility Expense $600
  • Gross Income $104,760

Additional Features

  • 8 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,165

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 8.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Baths Total Level4: 2.00
  • Beds Total Level4: 6
  • Borough: Brooklyn
  • Building Length: 65.00
  • Building Width: 27.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5th Avenue
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 8
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Rooms Total Level3: 10
  • Rooms Total Level4: 10
  • Fill Sq Ft Total: 6668
  • Building Stories: 4
  • Street Name I D X: 42nd
  • Year Built: 1914
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 8
  • Total Bedrooms: 24
  • Flooring: Hardwood, Laminate, Tile
  • Lot Sq Ft: 2672

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 56
  • Roof: Flat

Utilities

  • Air Conditioning Units: 1
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 6000.00

Lot Info

  • Lot Dimensions: 26.67X100.17
  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 27
  • Zoning: R6B

Rental Info

  • Rent Income: 104760

Multi Family

  • Annual Gross Income: 104760
  • Insurance Expense: 1000.00
  • Miscellaneous Expense: 1400.00
  • Unit Count: 8
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 18165.10

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 For Sale $1,099,000 0.0% $165 / Sq Ft
07/29/2025 07/29/25 Off Market $1,099,000 -- --
05/29/2025 05/29/25 Price Changed $1,099,000 -8.3% $165 / Sq Ft
12/04/2024 12/04/24 For Sale $1,199,000 -- $180 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 487795

Brooklyn Board of REALTORS®

APN: 00719-0056

New York Kings County Brooklyn 11232 Sunset Park

459 42nd St, Brooklyn, NY

For Sale

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RE/MAX Edge
(917) 810-2136