$1,758,000

471 53rd St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated payment $10,033/month

Total Views 2,731
-- Bed
-- Bath
3,300 Sq Ft
$533 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to 53 Street
  • Back Yard
  • Heating System Uses Steam

About This Home

Unlock the potential of this exceptional mixed-use building in the heart of Sunset Park! This versatile property features two spacious residential units, each offering 3 bedrooms and 1 full bathroom, perfect for comfortable living or rental income. On the ground level, you'll find a highly desirable commercial space, ideal for a variety of business opportunities. Located in a high-demand area, this property is surrounded by shopping, dining, schools, parks, and excellent transportation options, ensuring maximum convenience. Whether you're an investor looking for strong rental income or an end-user seeking a live-and-work setup, this prime location makes it an unbeatable opportunity.

Listing Agent

Jinchen Chen

Momentum Real Estate LLC Listed on: 01/30/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,900

Year Built

  • Built in 1931

Lot Details

  • 2,003 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned R6B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Basement Cellar

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 807

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,000
  • Insurance Expense $1,500
  • Gross Income $100,800
  • Net Operating Income $90,000

Property Details

Property Type

Other

Est. Annual Taxes

$4,900

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Other
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1100
  • Building Length: 55.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Av
  • Cross Street Name2: 5th Av
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3300
  • Building Stories: 3
  • Street Name I D X: 53rd
  • Street Number I D X: 471
  • Year Built: 1931
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 2003

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 52
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6B

Rental Info

  • Rent Income: 100800

Multi Family

  • Annual Gross Expense: 10800.00
  • Annual Gross Income: 100800
  • Insurance Expense: 1500.00
  • Property Net Operating Income: 90000.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 4900.00

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

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 $4,798 $69,300 $15,120 $54,180
2024 $4,798 $64,980 $15,120 $49,860
2023 $4,814 $68,100 $15,120 $52,980
2022 $4,464 $76,680 $15,120 $61,560
2021 $4,441 $70,680 $15,120 $55,560
2020 $4,189 $73,560 $15,120 $58,440
2019 $4,164 $73,560 $15,120 $58,440
2018 $4,385 $19,753 $4,871 $14,882
2017 $3,799 $18,636 $4,928 $13,708
2016 $3,515 $17,583 $5,580 $12,003
2015 $2,120 $16,588 $6,314 $10,274
2014 $2,120 $16,588 $7,573 $9,015
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $1,758,000 -0.1% $533 / Sq Ft
07/15/2025 07/15/25 Price Changed $1,759,000 -0.1% $533 / Sq Ft
05/17/2025 05/17/25 Price Changed $1,760,000 -1.1% $533 / Sq Ft
01/30/2025 01/30/25 For Sale $1,780,000 -- $539 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $995,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,746 Unknown
Closed $700,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 488922

Brooklyn Board of REALTORS®

APN: 00807-0052

New York Kings County Brooklyn 11220 Sunset Park

471 53rd St, Brooklyn, NY

This home is located at 471 53rd St, Brooklyn, NY 11220 and is currently priced at $1,758,000, approximately $532 per square foot. This property was built in 1931. 471 53rd St is a home located in Kings County with nearby schools including P.S. 1 The Bergen, Leep Dual Language Academy Charter School, and Our Lady Of Perpetual Help Catholic Academy.

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.

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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Listing Agent
Jinchen Chen
Section Image
Momentum Real Estate LLC
(917) 540-2870