717 E 58th St Brooklyn, NY 11234
Flatlands NeighborhoodEstimated payment $20,970/month
Total Views
3,882
19
Beds
17
Baths
11,360
Sq Ft
$263
Price per Sq Ft
Highlights
- Wood Flooring
- Heating System Uses Steam
- Back and Front Yard
About This Home
Rare-Find Excellent Investment Opportunity for this 16-Family with 10 Vacant Apartments is located in the center of Prime Sunset Park Neighborhood. Potentially about $300,000 annual gross income and about $200,000 in net operating income with 6.5% CAP rate. Building size 40x86' with approx. 11,360 square feet living space is sitting on 40x100.17 lot. Numerous improvements and upgrades have been done for the past couple months. The 16 apartments are consisting of 3 two-bedroom and 13 oversized one-bedroom apartments that can be easily converted into 2 bedrooms OVER full basement with separate entrance. Won't Last!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $53,615
Year Built
- Built in 1928
Lot Details
- Lot Dimensions are 100 x 40
- Back and Front Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 4-Story Property
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 19 Bedrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Oil
- 220 Volts
- 110 Volts
- Oil Water Heater
Listing and Financial Details
- Tax Block 850
Community Details
Overview
- 16 Units
Building Details
- Fuel Expense $22,670
- Insurance Expense $12,140
- Utility Expense $906
- Gross Income $302,632
- Net Operating Income $194,345
Map
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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 | $9,822 | $72,480 | $12,240 | $60,240 |
| 2024 | $9,822 | $72,780 | $12,240 | $60,540 |
| 2023 | $9,419 | $66,960 | $12,240 | $54,720 |
| 2022 | $8,822 | $60,600 | $12,240 | $48,360 |
| 2021 | $9,300 | $46,800 | $12,240 | $34,560 |
| 2020 | $6,975 | $44,580 | $12,240 | $32,340 |
| 2019 | $7,866 | $45,480 | $12,240 | $33,240 |
| 2018 | $7,220 | $38,650 | $9,722 | $28,928 |
| 2017 | $6,861 | $36,825 | $10,124 | $26,701 |
| 2016 | $6,741 | $36,825 | $11,557 | $25,268 |
| 2015 | $3,970 | $35,997 | $10,777 | $25,220 |
| 2014 | $3,970 | $33,960 | $11,640 | $22,320 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | For Sale | $2,988,000 | +317.9% | $263 / Sq Ft |
| 07/22/2020 07/22/20 | Sold | $715,000 | -- | $250 / Sq Ft |
| 03/05/2020 03/05/20 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $715,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $702,049 | New Conventional | |
| Previous Owner | $30,727 | No Value Available | |
| Previous Owner | $220,000 | No Value Available |
Source: Public Records
Similar Homes in Brooklyn, NY
Source: Brooklyn Board of REALTORS®
MLS Number: 487772
APN: 07954-0065
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