Rare-Find Excellent Investment Opportunity for this 16-Family with 10 Vacant Apartments is located in the center of Prime Sunset Park Neighborhood. Potentially about $300,000 annual gross income and about $200,000 in net operating income with 6.5% CAP rate. Building size 40x86' with approx. 11,360 square feet living space is sitting on 40x100.17 lot. Numerous improvements and upgrades have been done for the past couple months. The 16 apartments are consisting of 3 two-bedroom and 13 oversized one-bedroom apartments that can be easily converted into 2 bedrooms OVER full basement with separate entrance. Won't Last!
Pending
$2,988,000
717 58th St, Brooklyn, NY 11220
19beds
11,360sqft
Multi Family
Built in 1928
-- sqft lot
$-- Zestimate®
$263/sqft
$-- HOA
What's special
- 221 days
- on Zillow |
- 46 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 26, 2025 at 05:44am
Listing by:
RE/MAX Edge 718-612-3088,
Jason Zhou 347-988-5318
Source: BNYMLS,MLS#: 487772

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 17
- Full bathrooms: 16
- 3/4 bathrooms: 1
Heating
- Oil, Steam/Radiator
Appliances
- Included: Refrigerator, Stove, Oil Water Heater
Features
- Flooring: Hardwood, Tile
- Basement: Full,Partially Finished,Separate Entrance
Interior area
- Total structure area: 11,360
- Total interior livable area: 11,360 sqft
Property
Parking
- Parking features: None
Features
- Stories: 4
Lot
- Size: 4,007 Square Feet
- Dimensions: 40x100
- Features: Back Yard, Front Yard
Details
- Foundation area: 3440
- Zoning: R6B
- Special conditions: Arm's Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- Year built: 1928
Utilities & green energy
- Electric: 110 V, 220 Volts, Circuit Breakers
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $263/sqft
- Annual tax amount: $53,615
- Date on market: 12/2/2024
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