864 59th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $26,265/month
Highlights
- Wood Flooring
- 4-minute walk to 8 Avenue
- Hot Water Heating System
- P.S. 105 The Blythebourne Rated A-
About This Home
Prime Location in Sunset Park, Busy high traffic area newly rebuilt renovated from ground up 5 family with storefront & basement. storefront/Office/ Storage Totally rebuilt in 2009-2010 new construction- Huge five residential apartments, first floor 4 bedrooms & 2 full baths & 2 balcony! Lots of closet space, Residential size 20x58 with high ceiling! New kitchen bathroom.Month to month occupancy! Also Newly renovated Storefront 1940 sq ft with full finished basement with high ceiling & bathroom with its separate entrance & boiler! lot size 20 x 100. R6 S2 zoning. Storefront newly renovated-tenant lease - paying $ 6300/month. Return Cap rate 6% with many upsides potential Approximately $241000yr income! Great location Near 8th Ave restaurant, super market, park, school much more!
Property Details
Property Type
- Other
Est. Annual Taxes
- $26,270
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 4,986 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
Listing and Financial Details
- Tax Block 5707
Community Details
Overview
- 5 Units
Building Details
- Insurance Expense $6,000
- Gross Income $289,200
- Net Operating Income $248,930
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 |
|---|---|---|---|---|
| 2026 | $26,257 | $820,800 | $54,000 | $766,800 |
| 2025 | $26,261 | $755,550 | $54,000 | $701,550 |
| 2024 | $26,261 | $629,550 | $54,000 | $575,550 |
| 2023 | $25,027 | $667,350 | $54,000 | $613,350 |
| 2022 | $11,626 | $834,300 | $54,000 | $780,300 |
| 2021 | $21,726 | $667,350 | $54,000 | $613,350 |
| 2020 | $9,958 | $603,900 | $54,000 | $549,900 |
| 2019 | $13,873 | $603,900 | $54,000 | $549,900 |
| 2018 | $20,413 | $390,885 | $38,073 | $352,812 |
| 2017 | $19,046 | $361,931 | $39,128 | $322,803 |
| 2016 | $18,022 | $335,122 | $45,084 | $290,038 |
| 2015 | $3,343 | $310,299 | $29,949 | $280,350 |
| 2014 | $3,343 | $27,731 | $27,731 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/07/2025 09/07/25 | For Sale | $4,510,000 | -- | $905 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $830,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $498,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 495538
APN: 05707-0033
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