5706 7th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $29,210/month
Highlights
- Tile Flooring
- Heating System Uses Steam
- 4-minute walk to Rainbow Playground
- P.S. 69 Vincent D Grippo School Rated A
- Back Yard
About This Home
Location, Location, Location. 7-family plus one store mixed-use building in the heat of Sunset Park. Lot size: 25x100, Building size: 25x75. Zoning: R7A, C2-4. Finished basement. Each apartment features three bedrooms and one living room, with separate gas and electric meters. Current rental income: $229,000/year. Expenses: $40,475/year. Net income: $190,000/year. Great investment potential.
Property Details
Property Type
- Other
Est. Annual Taxes
- $24,295
Lot Details
- Lot Dimensions are 100 x 25
- Back Yard
- Property is zoned R7a
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 4-Story Property
- Tile Flooring
- Finished Basement
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Community Details
Overview
- 7 Units
Building Details
- Insurance Expense $8,000
- Utility Expense $480
- Gross Income $229,900
- Net Operating Income $189,425
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/02/2025 01/02/25 | Price Changed | $4,880,000 | +8.4% | -- |
| 12/11/2024 12/11/24 | Price Changed | $4,500,000 | -7.8% | -- |
| 09/18/2024 09/18/24 | Price Changed | $4,880,000 | -6.2% | -- |
| 07/09/2024 07/09/24 | For Sale | $5,200,000 | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 484448
APN: 00849-0038
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