$1,850,000

Estimated payment $11,654/month

Total Views 762
-- Bed
9 Baths
7,140 Sq Ft
$259 Price per Sq Ft

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Back Yard
  • Resident Manager or Management On Site
  • Secure Lobby

About This Home

529 51st Street, Brooklyn (Sunset Park)
9-Unit Residential Building Located in the heart of Sunset Park, 529 51st Street offers an excellent investment opportunity. This well-maintained and clean building consists of nine rent-stabilized residential units with a gross annual rent roll of $166,435. The property is professionally managed and showcases strong tenancy with consistent income. Conveniently situated near local shopping, dining, and transportation options, this asset presents stable cash flow and long-term upside in one of Brooklyn’s most desirable and evolving neighborhoods.

Listing Agent

Adam Hamdan

Gama Group LLC Listed on: 10/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,028

Year Built

  • Built in 1931

Lot Details

  • 2,504 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 9 Full Bathrooms
  • 7,140 Sq Ft Home
  • 4-Story Property
  • Stove
  • Finished Basement

Flooring

  • Wood
  • Tile

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 792

Community Details

Building Details

  • 9 Vacant Units
  • Fuel Expense $8,900
  • Insurance Expense $7,800
  • Utility Expense $1,300
  • Gross Income $166,435
  • Net Operating Income $106,707

Additional Features

  • 9 Units
  • Secure Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,028

Year Built

Built in 1931

Lot Details

2,504 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 9.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Baths Total Level4: 2.00
  • Borough: Brooklyn
  • Building Length: 83.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5th Av
  • Cross Street Name2: 6th Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Water
  • Number Of Available Units: 9
  • Number Of Families: 9
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 7140
  • Building Stories: 4
  • Street Name I D X: 51st
  • Building Style: Other
  • Year Built: 1931
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 9
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2504

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 54
  • Roof: Asphalt/Tar, Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 8900.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R6B

Multi Family

  • Annual Gross Expense: 59728.00
  • Annual Gross Income: 166435
  • Insurance Expense: 7800.00
  • Miscellaneous Expense: 1500.00
  • Property Net Operating Income: 106707.00
  • Unit Count: 9
  • Annual Utility Expenses: 1300.00

Tax Info

  • Flip Tax Amount: 22028.00

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

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 $3,907 $38,940 $3,000 $35,940
2025 $3,674 $44,700 $3,000 $41,700
2024 $3,674 $37,320 $3,000 $34,320
2023 $3,488 $32,700 $3,000 $29,700
2022 $3,421 $35,820 $3,000 $32,820
2021 $3,584 $33,840 $3,000 $30,840
2019 $3,140 $27,060 $3,000 $24,060
2018 $2,858 $15,480 $2,186 $13,294
2017 $2,856 $15,480 $1,874 $13,606
2016 $2,761 $15,363 $2,027 $13,336
2015 $1,836 $14,494 $2,085 $12,409
2014 $1,836 $13,674 $2,363 $11,311
Source: Public Records

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
11/03/2025 11/03/25 Price Changed $1,850,000 -5.1% $259 / Sq Ft
10/20/2025 10/20/25 For Sale $1,950,000 -- $273 / Sq Ft
Source: Brooklyn Board of REALTORS®

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
Bargain Sale Deed $170,000 Fidelity National Title Ins
Deed $169,000 First American Title Ins Co
Source: Public Records

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 $161,500 No Value Available
Previous Owner $135,000 No Value Available
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 496729

Brooklyn Board of REALTORS®

APN: 04723-0046

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