$29,000,000

Estimated payment $160,550/month

Total Views 5,025
-- Bed
-- Bath
57,878 Sq Ft
$501 Price per Sq Ft

Highlights

  • 18,238 Sq Ft lot
  • 4-minute walk to 59 Street (N,R Line)
  • Multiple cooling system units
  • Junior High School 227 Edward B Shallow Rated A-
  • Wood Flooring
  • 3-minute walk to John Allen Payne Playground

About This Home

An exceptional flagship investment in the heart of Sunset Park, Brooklyn — one of NYC’s fastest-transforming neighborhoods. Completed in 2022, this trophy-class mixed-use corner property offers 53 fully stabilized residential units (52 × 2BR + 1 × 1BR), 1 street-level commercial spaces, and a rare 30 on-site parking spaces. With gross income of $2,131,528 and a 421a tax abatement in place, the property delivers both immediate returns and long-term upside. The building features elevator access, ADA compliance, rooftop terrace, bike storage, virtual doorman, and modern security systems — all wrapped in a low-maintenance design with high-end finishes. Strategically positioned near the 8th Avenue commercial corridor and just minutes from Industry City, subways, and major highways, this asset is surrounded by dense residential demand and mixed-use vibrancy. As a core income-producing property located in a qualified opportunity zone, it presents strong potential for future condo conversion, rent roll growth, or recapitalization. Ideal for private equity firms, family offices, or 1031 buyers seeking portfolio stability and strategic positioning in a resilient Brooklyn submarket.
Contact us now for the full offering memorandum, rent roll, and private tour schedule.

Listing Agent

Mandy (Meijuan) Jiang

E House Realty & Mgt. Inc. Listed on: 05/02/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $30,446

Year Built

  • Built in 2022

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 100 x 200
  • Irregular Lot
  • Property is zoned R6B

Home Design

  • 57,878 Sq Ft Home
  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete

Flooring

  • Wood
  • Tile

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Cellar

Parking

  • Private Driveway
  • Parking Lot

Utilities

  • Multiple cooling system units
  • 220 Volts
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 5780

Community Details

Overview

  • 53 Units
  • 5-Story Property

Building Details

  • Insurance Expense $36,192
  • Utility Expense $17,335
  • Gross Income $21,321,528

Property Details

Property Type

Other

Est. Annual Taxes

$30,446

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Finished, Full, Separate Entrance
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 19800
  • Building Length: 99.00
  • Building Width: 200.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Elevator - Private, Fire Sprinkler, Security Alarm
  • Confirmed By M L S Y N: Yes
  • Cross Street: 60th ST
  • Cross Street Name2: 3RD AVE
  • Heat Delivery: Other
  • Number Of Families: 53
  • Parking Attributes: Parking Area
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 57878
  • Building Stories: 5
  • Street Name I D X: 3rd
  • Street Number I D X: 6020
  • Year Built: 2022
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 18238

Exterior Features

  • Yard: None
  • Exterior Building Type: Detached
  • Construction Type: Block, Steel
  • Exterior: Brick
  • Foundation Details: Block, Poured Concrete
  • Lot Number: 45
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Electric
  • Hot Water: Electric

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 200
  • Zoning: R6B

Rental Info

  • Rent Income: 21321528

Multi Family

  • Annual Gross Expense: 133429.00
  • Annual Gross Income: 21321528
  • Insurance Expense: 36192.00
  • Miscellaneous Expense: 13200.00
  • Unit Count: 2
  • Annual Utility Expenses: 17335.00

Tax Info

  • Flip Tax Amount: 30446.00

Map

Range of Values:

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Average Value
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List 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
05/02/2025 05/02/25 For Sale $29,000,000 0.0% $501 / Sq Ft
10/19/2024 10/19/24 For Rent $2,000 -- --
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 492358

Brooklyn Board of REALTORS®

APN: 05780-0045