$1,388,000

Estimated payment $8,569/month

Total Views 274,658
18 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Joe Zhu

RE/MAX Edge License #10401312891 Listed on: 01/25/2025

RE/MAX Edge

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,863

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Beds Total Level1: 6
  • Beds Total Level2: 6
  • Beds Total Level3: 6
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1625
  • Building Length: 65.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5th ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Number Of Families: 6
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Street Name I D X: 4th
  • Street Number I D X: 5411
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 18
  • Flooring: Other
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Other
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 5
  • Roof: Other

Utilities

  • Air Conditioning Units: 5+
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Fee Information

  • Annual Fuel Expense: 5500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 25
  • Zoning: R7A, C2-4

Rental Info

  • Rent Income: 9824

Multi Family

  • Annual Gross Expense: 34563.00
  • Annual Gross Income: 117888
  • Insurance Expense: 8200.00
  • Property Net Operating Income: 83325.00
  • Annual Utility Expenses: 900.00

Tax Info

  • Flip Tax Amount: 14863.00

Map

Range of Values:

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Sold Price
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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 Change Sq Ft Price
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®

About the Listing Agent

Joe Zhu

RE/MAX Edge

(917) 521-6823

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PLEASE CALL 347-791-7011 EMAIL:joe@remaxedgeny.com

# RealTrends America’s Best Real Estate Professional Award

# Top 5 Agent In Brooklyn-Kings County[rate my agent]

# Remax Hall Of Fame Member

# Chairman's Club Award

# Platinum Club Award

# 100 % Club Award

# Social media start

#1 Transactions
*We have a nearly 5 Star Rating across all online review sites.
*We spend 53 times more on advertising our properties than the average agent,

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Source: Brooklyn Board of REALTORS®

MLS Number: 488822

Brooklyn Board of REALTORS®

APN: 00823-0005