H
Seller's Agent in 2025
Hang Chen
RE/MAX
(646) 239-5999
25 in this area
219 Total Sales
811 59th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $2,556,000 - $2,836,000
7
Beds
3
Baths
2,400
Sq Ft
$1,123/Sq Ft
Est. Value
Highlights
- 2,655 Sq Ft lot
- 3-minute walk to 8 Avenue
- Private Driveway
- P.S. 105 The Blythebourne Rated A-
- Multiple cooling system units
About This Home
As of December 2025Investor/Builder Opportunity! Presenting a semi-detached two-family property with a private driveway. Situated on a 27' x 100' lot with a 20' x 63' building footprint, this property is located in a C1-3 commercial zoning district, offering exceptional potential for investors and developers. Positioned in the highly sought-after Chinatown, Sunset Park area, this is a prime opportunity for redevelopment or investment in a thriving neighborhood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,737
Year Built
- Built in 1925
Lot Details
- 2,655 Sq Ft Lot
- Lot Dimensions are 100 x 27
Interior Spaces
- 2,400 Sq Ft Home
- 2-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Parking Spaces
- Private Driveway
Utilities
- Multiple cooling system units
Listing and Financial Details
- Tax Block 5700
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $4,500
- Insurance Expense $5,000
- Utility Expense $3,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2025
Closed on
Dec 15, 2025
Sold by
Bought by
Seller's Agent
Hang Chen
RE/MAX Real Estate Professionals
Buyer's Agent
Hang Chen
RE/MAX Real Estate Professionals
List Price
$5,100,000
Sold Price
$2,500,000
Premium/Discount to List
-$2,600,000
-50.98%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,147
Avg. Annual Appreciation
15.55%
Original Mortgage
$1,000,000
Outstanding Balance
$996,131
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,699,016
Purchase Details
Closed on
Jan 29, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,800,000 | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,000,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | Sold | $2,500,000 | -21.9% | $1,042 / Sq Ft |
| 08/11/2025 08/11/25 | Price Changed | $3,200,000 | -8.6% | $1,333 / Sq Ft |
| 08/08/2025 08/08/25 | Price Changed | $3,500,000 | -12.5% | $1,458 / Sq Ft |
| 08/02/2025 08/02/25 | Price Changed | $3,999,000 | -11.1% | $1,666 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $4,500,000 | -9.8% | $1,875 / Sq Ft |
| 05/17/2025 05/17/25 | Price Changed | $4,990,000 | -2.2% | $2,079 / Sq Ft |
| 03/29/2025 03/29/25 | For Sale | $5,100,000 | -- | $2,125 / Sq Ft |
| 03/29/2025 03/29/25 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,381 | $96,180 | $27,300 | $68,880 |
| 2025 | $10,725 | $108,180 | $27,300 | $80,880 |
| 2024 | $10,725 | $102,180 | $27,300 | $74,880 |
| 2023 | $10,214 | $101,040 | $27,300 | $73,740 |
| 2022 | $9,449 | $96,060 | $27,300 | $68,760 |
| 2021 | $9,967 | $96,420 | $27,300 | $69,120 |
| 2019 | $9,259 | $96,360 | $27,300 | $69,060 |
| 2018 | $8,484 | $43,079 | $9,747 | $33,332 |
| 2017 | $7,985 | $40,641 | $11,984 | $28,657 |
| 2016 | $7,815 | $40,641 | $13,893 | $26,748 |
| 2015 | $4,404 | $40,335 | $13,650 | $26,685 |
| 2014 | $4,404 | $38,053 | $13,639 | $24,414 |
Source: Public Records
Agents Affiliated with this Home
-
Hang Chen
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 490428
APN: 05700-0074
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