Link Copied
Listed price in listed location currency (USD).
$5,300,000

0120

MLS® 500117

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage 
Taxes $2,400
Days Active 6
Lot Size 
Approx. Age 
MLS® Number 500117

Property Address: 413 57th St, Brooklyn, NY, 11220-3406

Average square foot calculated using Size range provided by listing agent.

Description

Attention property investors—this is a rare opportunity you don’t want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: • Front unit: 1-bedroom • Rear unit: 2-bedroom The property spans approximately 9, 000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: • Current Net Operating Income (NOI): $349, 906 annually • Cap Rate: 6.6% • Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50, 000 annually Key Features: • Tenants pay all utilities, including heat and hot water • Low operating expenses • Strong, stable income stream with additional upside Location: Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn’s most desirable
MLS® Number500117
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementCellar, Finished, Full
Driveway4 Spaces
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 31, 2026List Date
$5,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
413 57Th St, Brooklyn, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties