413 57th St - Apartments FOR SALE


Brooklyn, NY 11220- Sunset Park
$5,300,000 USD
917-292-1688
413 57th St, Brooklyn, NY for Sale
$5,300,000 USD
Apartments - FOR SALE
1/33
null | 6.6% Cap Rate

413 57th St
Brooklyn, NY 11220
Sunset Park


HIGHLIGHTS

  • 6.6% CAP RATE
  • NEW BUILT BUILDING
  • GREAT LOCATION

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$574 USD /SF

# OF UNITS

12

PRICE/UNIT

$441,667

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

413 57 Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7

APN/PARCEL ID

00839-0071

ASK ABOUT THIS PROPERTY

Franklin ShanTiger RealtyMore Info
917-292-1688

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Franklin ShanTiger RealtyMore Info
917-292-1688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.