Seller's Agent in 2025
Jason Zhou
RE/MAX Edge
(347) 988-5318
2 in this area
202 Total Sales
717 E 58th St Brooklyn, NY 11234
Flatlands Neighborhood
19
Beds
17
Baths
11,360
Sq Ft
4,007
Sq Ft Lot
Highlights
- Wood Flooring
- Heating System Uses Steam
- Back and Front Yard
About This Home
As of November 2025Rare-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
- 4,007 Sq Ft Lot
- Lot Dimensions are 100 x 40
- Back and Front Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 11,360 Sq Ft Home
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2020
Closed on
Jul 22, 2020
Sold by
Best As Surviving Spouse Wade M
Bought by
Bernard Kerry Joan
Seller's Agent
Mohamad Hasan
Bellmarc
Buyer's Agent
Mohamad Hasan
Bellmarc
Sold Price
$715,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$702,049
Outstanding Balance
$622,531
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$449,402
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/12/2025 11/12/25 | Sold | $2,900,000 | -2.9% | $255 / Sq Ft | |
| 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 | View Prior Sale |
| 03/05/2020 03/05/20 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Jason Zhou
-
Mohamad Hasan
M
Seller's Agent in 2020
Mohamad Hasan
Bellmarc
(917) 721-6990
2 in this area
45 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 487772
APN: 07954-0065
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