722 56th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $23,006/month
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
Mixed-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
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 | $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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | For Sale | $3,600,000 | -- | $563 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $420,000 | Fidelity National Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | Unknown | |
| Closed | $172,000 | No Value Available | |
| Closed | $292,500 | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 494452
APN: 00842-0015
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