Seller's Agent in 2025
Leo Tse
ProBase Real Estate
(917) 892-9639
8 in this area
21 Total Sales
722 56th St Brooklyn, NY 11220
Sunset Park Neighborhood
--
Bed
--
Bath
6,400
Sq Ft
2,003
Sq Ft Lot
Highlights
- Handicap Accessible
- Tile Flooring
- Baseboard Heating
- P.S. 105 The Blythebourne Rated A-
- Multiple cooling system units
- 4-minute walk to Rainbow Playground
About This Home
As of October 2025Mixed-Use Brick Building in the Heart of Sunset Park .Presenting this exceptional mixed-use brick building featuring two office spaces and two residential units, located in the heart of the Sunset Park neighborhood. Situated in a vibrant commercial area on 56th Street between 7th and 8th Avenues in Brooklyn, this property offers a great opportunity for both investors and end users.
1st Floor Office Space: Approximately 1,600 sq ft.2nd Floor Office Space: Approximately 1,600 sq ft .3rd Floor Residence: 4 bedrooms, 3 full bathrooms, and access to a private back patio garden .4th Floor Residence: 4 bedrooms and 4 full bathrooms .5th Floor Residence: 1 bedroom and 1 full bathroom. Each unit has its own separate hot water and heating systems, along with split-unit air conditioning installed on the roof. Additional Details: Building Size: 20 ft x 80 ft .Lot Size: 20 ft x 100 ft .Year Built: 2020. All residential units will be delivered vacant. Located near shops, restaurants, schools, and public transportation, this property offers convenience, versatility, and long-term value. Endless potential — this opportunity won't last!
Property Details
Property Type
- Other
Est. Annual Taxes
- $45,910
Year Built
- Built in 2020
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
- Property is zoned R6B
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Block Wall
Interior Spaces
- 6,400 Sq Ft Home
- 4-Story Property
- Tile Flooring
- Finished Basement
- Walk-Out Basement
Accessible Home Design
- Handicap Accessible
Utilities
- Multiple cooling system units
- Ductless Heating Or Cooling System
- Baseboard Heating
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Block 842
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $3,200
- Utility Expense $309
- Gross Income $213,360
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2025
Closed on
Oct 10, 2025
Sold by
Chen Shu Ling and Jiang Dong Bo
Bought by
Bk 722 Llc
Seller's Agent
Leo Tse
ProBase Real Estate
Buyer's Agent
Leo Tse
ProBase Real Estate
List Price
$3,600,000
Sold Price
$2,800,000
Premium/Discount to List
-$800,000
-22.22%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-94.25%
Original Mortgage
$1,800,000
Outstanding Balance
$1,800,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$306,000
Purchase Details
Closed on
Feb 8, 2001
Sold by
Shen Peng Ling and Shao Zong Qian
Bought by
Jiang Dong Bo and Chen Shu Ling
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
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 | $2,800,000 | -- | |
| Bargain Sale Deed | $420,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,800,000 | Purchase Money Mortgage | |
| Previous Owner | $292,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/13/2025 10/13/25 | Sold | $2,800,000 | -22.2% | $438 / Sq Ft |
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | For Sale | $3,600,000 | -- | $563 / Sq Ft |
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 | $35,209 | $426,600 | $63,000 | $363,600 |
| 2024 | $35,209 | $423,450 | $63,000 | $360,450 |
| 2023 | $43,260 | $406,350 | $63,000 | $343,350 |
| 2022 | $35,049 | $483,300 | $63,000 | $420,300 |
| 2021 | $22,006 | $345,150 | $63,000 | $282,150 |
| 2020 | $11,003 | $460,800 | $63,000 | $397,800 |
| 2019 | $7,045 | $89,220 | $26,460 | $62,760 |
| 2018 | $6,482 | $31,798 | $8,162 | $23,636 |
| 2017 | $6,117 | $30,007 | $12,151 | $17,856 |
| 2016 | $5,664 | $28,334 | $11,166 | $17,168 |
| 2015 | $3,194 | $28,334 | $12,485 | $15,849 |
| 2014 | $3,194 | $28,066 | $14,835 | $13,231 |
Source: Public Records
Agents Affiliated with this Home
-
Leo Tse
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 494452
APN: 00842-0015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
Nearby Homes