642 56th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $11,264/month
Highlights
- Wood Flooring
- Multiple cooling system units
- Back Yard
- P.S. 105 The Blythebourne Rated A-
- Heating System Uses Steam
- 2-minute walk to Rainbow Playground
About This Home
Located in the heart of Sunset Park, this 3-family brick home is an excellent opportunity for both end users and investors. The building measures 20 × 63 ft on a 20 × 100 ft lot and is zoned R6B, offering strong potential for future appreciation or redevelopment. The entire property is delivered vacant, making it ideal for immediate occupancy, renovation, or rental. It features 3 gas meters, 3 electric meters, 2 heating systems, and 3 hot water tanks—providing easy utility management for multi-unit use. All rooms have windows, allowing for great natural light and ventilation throughout. Property tax is only $7,356/year, keeping holding costs low. Conveniently located near 8th Avenue’s commercial corridor, subway stations, schools, and daily amenities, this property sits in a high-demand rental area with excellent long-term investment value. Don’t miss this rare opportunity!
MLS Approve- No Financial provide due to property is vacant.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,356
Year Built
- Built in 1901
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
Home Design
- Block Foundation
Interior Spaces
- 3,780 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Multiple cooling system units
- Heating System Uses Steam
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Block 841
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 | $7,356 | $99,780 | $22,680 | $77,100 |
| 2024 | $7,356 | $99,240 | $22,680 | $76,560 |
| 2023 | $7,155 | $113,340 | $22,680 | $90,660 |
| 2022 | $5,216 | $92,100 | $22,680 | $69,420 |
| 2021 | $7,217 | $72,120 | $22,680 | $49,440 |
| 2020 | $5,413 | $79,560 | $22,680 | $56,880 |
| 2019 | $6,385 | $85,080 | $22,680 | $62,400 |
| 2018 | $5,985 | $29,361 | $6,513 | $22,848 |
| 2017 | $5,918 | $29,030 | $10,160 | $18,870 |
| 2016 | $5,713 | $28,577 | $10,601 | $17,976 |
| 2015 | $3,303 | $26,960 | $11,746 | $15,214 |
| 2014 | $3,303 | $25,435 | $12,702 | $12,733 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2025 05/17/25 | Pending | -- | -- | -- |
| 05/17/2025 05/17/25 | For Sale | $1,999,000 | -- | $529 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $803,178 | Unknown | |
| Closed | $381,484 | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 492782
APN: 00841-0024
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