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About This Home

This 8-bedroom, 4-bathroom residential multi family at 723 51st Street in Brooklyn, NY is listed for $1,665,000 ($1,041 per sqft). Built in 1940, the home offers 1,600 sqft of living space on a 0.03 acres lot.

Agent Description

Prime Sunset Park Investment Opportunity! Situated on a 20' x 80' lot with a 20' x 45' building footprint, this vacant two-family property is located in an R6B zoning district, offering excellent long-term value and potential for future development opportunities.

The property features a total of 8 bedrooms and 4 full bathrooms. The first-floor unit offers 4 bedrooms and 2 full bathrooms, while the second-floor unit features 4 bedrooms, 2 full bathrooms, and access to a spacious private terrace. A fully finished basement and a large backyard provide additional flexibility and usable space.

Delivered vacant at closing, this home presents a rare opportunity for investors, end-users, and developers alike. Whether you're looking to generate rental income, renovate to maximize value, or explore future development possibilities, this property offers tremendous potential.

Conveniently located in the heart of Sunset Park, just minutes from shopping, supermarkets, restaurants, schools, parks, and public transportation. A rare chance to acquire a versatile property in one of Brooklyn's most desirable and rapidly growing neighborhoods. Buyers are encouraged to perform their own due diligence regarding zoning and development potential.

Key Features

  • Built in 1940
  • 0.03 acre lot
  • 2 stories

Property Details

2 stories
4 full
1940

Amenities

A/C

Monthly Cost Estimate

$8,905/mo

20% down · 6.5% · 30 years

Principal$1,204
Interest$7,215
Insurance$486

Estimates only. Actual payments may vary.

Location

723 51st Street

Brooklyn, NY 11220

Features & Amenities

Interior Features

RefrigeratorStove

Property Details

Construction

Brick

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 723 51st Street is listed at $1,665,000 ($1,041/sqft). The estimated monthly payment is $7,215 based on 20% down at 6.5% interest.

Key features include: Built in 1940, 0.03 acre lot, 2 stories. Interior Features: Refrigerator, Stove.

This property is listed by Yan Mei (Jamie) Zheng and can be reached at (917) 708-9966 or jamiemovesyou33@gmail.com.

YZ

Yan Mei (Jamie) Zheng

Agent at Tiger Realty

(917) 708-9966

Listed by Tiger Realty · View on Broker Site

MLS# 502050· Source: listhub· Updated 1 days ago

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.

723 51st Street, Brooklyn, NY 11220

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