6020 3rd Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $161,930/month
Highlights
- Popular Property
- 4-minute walk to 59 Street (N,R Line)
- Wood Flooring
- Junior High School 227 Edward B Shallow Rated A-
- 18,238 Sq Ft lot
- 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
Home Type
- Multi-Family
Est. Annual Taxes
- $30,446
Year Built
- Built in 2022
Lot Details
- 18,238 Sq Ft Lot
- Lot Dimensions are 100 x 200
Home Design
- 57,878 Sq Ft Home
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Flooring
- Wood
- Tile
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Cellar
Parking
- 6 Parking Spaces
- Private Driveway
- Parking Lot
Utilities
- Multiple cooling system units
- Hot Water Heating System
- 220 Volts
- 110 Volts
- Electric Water Heater
Additional Features
- Stove
- Terrace
Listing and Financial Details
- Tax Block 5780
Community Details
Overview
- 53 Units
- 5-Story Property
Amenities
- Laundry Facilities
- Elevator
- Bike Room
- Community Storage Space
Building Details
- Insurance Expense $36,192
- Gross Income $21,321,528
Map
Home Values in the Area
Average Home Value in this Area
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 | $123,166 | $4,534,650 | $615,600 | $3,919,050 |
| 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
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 |
|---|---|---|---|---|
| 08/02/2026 08/02/26 | For Sale | $29,000,000 | 0.0% | $501 / Sq Ft |
| 03/24/2026 03/24/26 | For Rent | $4,500 | +125.0% | -- |
| 10/19/2024 10/19/24 | For Rent | $2,000 | -- | -- |
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 | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,250,000 | Unknown | |
| Closed | $1,205,601 | Unknown | |
| Open | $8,994,399 | Unknown | |
| Closed | $175,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 503462
APN: 05780-0045
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Ask me questions while you tour the home.