$5,800,000
$1M PRICE DROP

Estimated payment $31,929/month

Total Views 1,292
-- Bed
-- Bath
7,200 Sq Ft
$806 Price per Sq Ft

Highlights

  • 5,500 Sq Ft lot
  • 2-minute walk to 59 Street (N,R Line)
  • Hot Water Heating System
  • IS 220 John J. Pershing Rated A-
  • Wood Flooring
  • Private Driveway

About This Home

Prime investment opportunity featuring two mixed-use buildings plus an additional lot. The property sits on a generous 55.5 × 100 lot size and is located within C7A / C2-4 zoning, offering excellent development and commercial potential. High-visibility location with strong exposure, making it ideal for investors or developers seeking income and future growth.

Listing Agent

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 03/13/2026

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,585

Year Built

  • Built in 1920

Lot Details

  • 5,500 Sq Ft Lot
  • Lot Dimensions are 100 x 55
  • Back Yard
  • Property is zoned R7A,C2-4

Parking

  • Private Driveway

Home Design

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

Interior Spaces

  • 7,200 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 839

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $6,000
  • Utility Expense $1,200
  • Gross Income $278,400

Property Details

Property Type

Other

Est. Annual Taxes

$7,585

Year Built

Built in 1920

Lot Details

5,500 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full, Other
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 40.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 56th St
  • Cross Street Name2: 57th St
  • Heat Delivery: Hot Water
  • Number Of Families: 4
  • Parking Attributes: Other
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 7200
  • Building Stories: 3
  • Street Name I D X: 4th
  • Year Built: 1920
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 5500

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Vinyl Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 4
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 55
  • Zoning: R7A,C2-4

Multi Family

  • Annual Gross Expense: 25000.00
  • Annual Gross Income: 278400
  • Insurance Expense: 6000.00
  • Unit Count: 6
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 7585.00

Map

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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 $7,772 $148,020 $18,180 $129,840
2025 $7,772 $151,380 $18,180 $133,200
2024 $7,772 $119,580 $18,180 $101,400
2023 $7,429 $115,080 $18,180 $96,900
2022 $6,895 $116,280 $18,180 $98,100
2021 $6,822 $112,860 $18,180 $94,680
2019 $6,746 $88,860 $18,180 $70,680
2018 $6,214 $30,484 $7,485 $22,999
2017 $5,867 $28,782 $7,577 $21,205
2016 $5,431 $27,169 $8,584 $18,585
2015 $3,275 $26,872 $10,190 $16,682
2014 $3,275 $26,872 $12,225 $14,647
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
05/14/2026 05/14/26 Price Changed $5,800,000 -14.7% $806 / Sq Ft
03/13/2026 03/13/26 For Sale $6,800,000 -- $944 / 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
Deed -- --
Deed -- --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 499619

Brooklyn Board of REALTORS®

APN: 00839-0004

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