$7,900,000

825 E 57th St Brooklyn, NY 11234

Flatlands Neighborhood

Estimated payment $53,694/month

Total Views 13,529
-- Bed
-- Bath
21,400 Sq Ft
$369 Price per Sq Ft

Highlights

  • Wood Flooring
  • Private Driveway
  • 4-minute walk to Fox Playground
  • Hot Water Heating System

About This Home

Welcome to this incredible mixed-use building, located in the heart of Sunset Park and seconds from 8th Avenue. Building size 40’x100’ on lot 40’x100’. Perfectly positioned in a prime location, this property is close to an abundance of restaurants, supermarkets, shops, pharmacies, bakeries, banks and more making it an excellent investment opportunity. The location is truly unbeatable, situated in a highly desirable neighborhood with easy access to public transportation. This building features 8 commercial units/stores offering the potential for long-term tenants and consistent rental income. Above the commercial spaces, you'll find 6 spacious residential units, each boasting beautiful layouts and comfortable living spaces. Additionally, this building offers four dedicated indoor parking spots, a valuable asset in this area where parking is in high demand. Don't miss out on this exceptional opportunity to own a prime mixed-use building with rent increase potential. Schedule your showing today!

Listing Agent

Leo Chen

Momentum Real Estate LLC Listed on: 04/08/2023

Co-Listing Agent

Priscilla Tran

Momentum Real Estate LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $138,738

Year Built

  • Built in 2003

Lot Details

  • 4,007 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Property is zoned R6

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 21,400 Sq Ft Home
  • Basement Cellar

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • 4 Parking Spaces
  • Private Driveway

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5686

Community Details

Overview

  • 6 Units
  • 6-Story Property

Building Details

  • Insurance Expense $6,120
  • Utility Expense $2,611
  • Gross Income $507,420
  • Net Operating Income $346,532

Property Details

Property Type

Other

Est. Annual Taxes

$138,738

Year Built

Built in 2003

Lot Details

4,007 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Length: 100.00
  • Building Width: 41.00
  • Co List Office Mls Id: 117770
  • Co List Office Phone: (718) 382-0001
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: Elevator - Private
  • Confirmed By M L S Y N: Yes
  • Cross Street: 8th Ave
  • Cross Street Name2: 9th Ave
  • Heat Delivery: Hot Water
  • Number Of Families: 6
  • Parking Attributes: 4 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 21400
  • Building Stories: 6
  • Street Name I D X: 57th
  • Year Built: 2003
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 4007

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 68
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 40
  • Zoning: R6

Multi Family

  • Annual Gross Expense: 160888.00
  • Annual Gross Income: 507420
  • Insurance Expense: 6120.00
  • Miscellaneous Expense: 4800.00
  • Property Net Operating Income: 346532.00
  • Annual Utility Expenses: 2611.00

Tax Info

  • Flip Tax Amount: 138738.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2026 $5,493 $45,720 $7,260 $38,460
2025 $5,497 $48,180 $7,260 $40,920
2024 $5,497 $38,040 $7,260 $30,780
2023 $5,514 $39,780 $7,260 $32,520
2022 $4,825 $34,380 $7,260 $27,120
2021 $5,023 $36,000 $7,260 $28,740
2019 $4,723 $31,200 $7,260 $23,940
2018 $4,553 $23,794 $6,855 $16,939
2017 $4,276 $22,448 $7,205 $15,243
2016 $3,924 $21,178 $7,079 $14,099
2015 -- $19,980 $8,040 $11,940
2014 -- $19,980 $8,040 $11,940
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2023 04/08/23 For Sale $7,900,000 -- $369 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 473094

Brooklyn Board of REALTORS®

APN: 07761-0034

New York Kings County Brooklyn 11234 Flatlands

825 E 57th St, Brooklyn, NY

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.

Brooklyn Board of REALTORS® 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.

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Leo Chen
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Momentum Real Estate LLC
(347) 771-0530
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