# 413 57th Street, Brooklyn, NY 11220

> **TL;DR:** 0bd/12ba residential multi family, $5,300,000.
> Hardwood, A/C. Est. $22,967/mo. Listed 62 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,300,000 |
| Bathrooms | 12 full |
| Lot Size | 1,999 sqft (0.05 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 62 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $22,967 |
| **Total** | **$22,967** |

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- 0.05 acre lot

## Description

### 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

## Location

- **Address:** 413 57th Street, Brooklyn, NY 11220
- **County:** Kings (Brooklyn)
- **Coordinates:** 40.642413, -74.016013
- **Google Maps:** https://www.google.com/maps?q=40.642413,-74.016013

## Listing Agent

- **Name:** Franklin Shan
- **Brokerage:** Tiger Realty
- **Phone:** (917) 708-9966
- **Email:** franklinshan2@gmail.com

## Primary Photo

![413 57th Street - Primary Photo](http://lh.rdcpix.com/75d85f23dd01a8c741040053352faeddl-f245542388r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/413-57th-street-brooklyn-ny-11220-y500117)*

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**MLS#:** 500117 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/413-57th-street-brooklyn-ny-11220-y500117)

---

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