6020 3rd Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $153,428/month
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.
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
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 | $122,439 | $4,599,450 | $615,600 | $3,983,850 |
| 2024 | $122,439 | $4,675,050 | $615,600 | $4,059,450 |
| 2023 | $319,407 | $2,744,550 | $615,600 | $2,128,950 |
| 2022 | $14,987 | $130,950 | $130,950 | $0 |
| 2021 | $15,736 | $147,150 | $130,950 | $16,200 |
| 2019 | $18,547 | $176,400 | $130,950 | $45,450 |
| 2018 | $18,263 | $173,700 | $88,650 | $85,050 |
| 2017 | $20,004 | $241,200 | $89,100 | $152,100 |
| 2016 | $17,520 | $229,950 | $89,100 | $140,850 |
| 2015 | $8,168 | $225,450 | $89,100 | $136,350 |
| 2014 | $8,168 | $131,400 | $89,100 | $42,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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®
MLS Number: 492358
APN: 05780-0045
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