5405 6th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $19,542/month
Highlights
- Wood Flooring
- Ceiling height of 10 feet or more
- Back Yard
- IS 220 John J. Pershing Rated A-
- Hot Water Heating System
- 1-minute walk to Rainbow Playground
About This Home
Prime Location in Sunset Park, Busy high traffic area newly rebuilt gut renovated from ground up legal 3 family with storefront & basement. storefront/Office/ Storage "Accessory" Not included in Cap Rate! Totally rebuilt in 2009-2010 new construction- Huge three residential apartments, each consist of 4 bedrooms & 2 full baths & 2 balcony! Lots of closet space, Average residential size 1,822 sq ft with high ceiling! New kitchen bathroom, floors too much to say! Month to month occupancy! Newly renovated Storefront 1,080 sq ft with full finished basement with high ceiling & bathroom with its separate entrance & boiler! Tenants pays own heat with new HVAC AC/Heating unit! Building size 20 x 55 lot size 20 x 80. R6 S2 zoning. Storefront newly renovated-tenant moved out -no lease - paying $ 5,000-month NNN lease. Projected Cap rate 7% with many upsides potential Projected $ 366,000 yr income! All market values! Near 8th Or 4 Avenue shopping corridor, all train, restaurant & much more!
Property Details
Property Type
- Other
Est. Annual Taxes
- $16,354
Year Built
- Built in 1910
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Back Yard
- Property is zoned R6A
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Plaster Walls
Interior Spaces
- 4,723 Sq Ft Home
- 4-Story Property
- Ceiling height of 10 feet or more
Flooring
- Wood
- Linoleum
- Laminate
- Tile
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Ductless Heating Or Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 825
Community Details
Overview
- 3 Units
Building Details
- Fuel Expense $1,800
- Insurance Expense $6,580
- Utility Expense $540
- Gross Income $139,200
- Net Operating Income $108,826
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 | $16,863 | $153,540 | $12,900 | $140,640 |
| 2024 | $16,863 | $180,600 | $12,900 | $167,700 |
| 2023 | $16,069 | $159,600 | $12,900 | $146,700 |
| 2022 | $11,699 | $125,280 | $12,900 | $112,380 |
| 2021 | $16,376 | $118,980 | $12,900 | $106,080 |
| 2019 | $14,587 | $115,260 | $12,900 | $102,360 |
| 2018 | $13,382 | $67,104 | $9,011 | $58,093 |
| 2017 | $13,218 | $66,312 | $9,549 | $56,763 |
| 2016 | $12,887 | $66,016 | $11,409 | $54,607 |
| 2015 | $7,325 | $62,280 | $12,900 | $49,380 |
| 2014 | $7,325 | $59,275 | $12,899 | $46,376 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Price Changed | $3,480,000 | -8.4% | $737 / Sq Ft |
| 01/22/2025 01/22/25 | For Sale | $3,800,000 | -- | $805 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $273,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $191,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 488777
APN: 00825-0008
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