5411 4th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $7,996/month
Highlights
- Multiple cooling system units
- 1-minute walk to 53 Street
- Back and Front Yard
- IS 220 John J. Pershing Rated A-
- Community Storage Space
About This Home
Presenting an exceptional investment opportunity, a distinguished six-family residence nestled in the vibrant Sunset Park neighborhood of Brooklyn. This rent-stabilized property offers a compelling investment opportunity, boasting a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher. Constructed in 1931, this multi-family home encompasses approximately 4,551 square feet of living space on a 2,000 square foot lot. Its prime location places it amidst a plethora of retail stores, diverse shops, and a variety of restaurants along 4th, 5th, and 8th Avenues, providing residents with unparalleled convenience. The property is strategically situated just minutes from multiple [R & N] subway stations and bus stops, facilitating an effortless commute to Manhattan and other key areas. Additionally, the zoning districts R7A and C2-4, with a Floor Area Ratio (FAR) of 4, offer significant commercial conversion possibilities, presenting avenues for value addition and diversification. Sunset Park is renowned for its rich cultural tapestry and dynamic community atmosphere. The neighborhood's namesake park provides ample green space and recreational facilities, contributing to a lively atmosphere and strong sense of community. This property not only promises stable income through its current rent-stabilized units but also offers substantial upside potential through strategic enhancements and leveraging its prime location. Seize this rare opportunity to invest in a property that combines immediate financial benefits with promising future prospects in one of Brooklyn's most sought-after neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,863
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 80 x 25
- Back and Front Yard
Home Design
Bedrooms and Bathrooms
- 18 Bedrooms
- 6 Full Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Multiple cooling system units
Listing and Financial Details
- Tax Block 823
Community Details
Building Details
- Fuel Expense $5,500
- Insurance Expense $8,200
- Utility Expense $900
- Gross Income $117,888
- Net Operating Income $83,325
Additional Features
- 6 Units
- Community Storage Space
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 | $14,865 | $483,300 | $6,300 | $477,000 |
| 2024 | $14,865 | $531,000 | $6,300 | $524,700 |
| 2023 | $13,508 | $492,750 | $6,300 | $486,450 |
| 2022 | $13,043 | $460,350 | $6,300 | $454,050 |
| 2021 | $9,443 | $368,100 | $6,300 | $361,800 |
| 2020 | $4,265 | $403,650 | $6,300 | $397,350 |
| 2019 | $6,276 | $419,040 | $6,300 | $412,740 |
| 2018 | $10,774 | $84,705 | $1,019 | $83,686 |
| 2017 | $10,430 | $82,002 | $1,146 | $80,856 |
| 2016 | $9,794 | $75,972 | $1,260 | $74,712 |
| 2015 | $233 | $75,965 | $1,513 | $74,452 |
| 2014 | $233 | $70,357 | $1,440 | $68,917 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2025 11/22/25 | Price Changed | $1,299,999 | -6.3% | -- |
| 07/17/2025 07/17/25 | Price Changed | $1,388,000 | -6.2% | -- |
| 01/25/2025 01/25/25 | For Sale | $1,480,000 | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 488822
APN: 00823-0005
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