Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 12-bathroom residential multi family at 413 57th Street in Brooklyn, NY is listed for $5,300,000. on a 0.05 acres lot.
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% - Addi
tional 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
Key Features
- 0.05 acre lot
Property Details
Amenities
Monthly Cost Estimate
$28,346/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
413 57th Street
Brooklyn, NY 11220
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 12-bathroom residential multi family at 413 57th Street is listed at $5,300,000. The estimated monthly payment is $22,967 based on 20% down at 6.5% interest.
Key features include: 0.05 acre lot. Interior Features: A/C Unit, Central Air.
This property is listed by Franklin Shan and can be reached at (917) 708-9966 or franklinshan2@gmail.com.
