413 57th Street, Brooklyn, NY 11220

Brooklyn
Local realty services provided by:ERA Top Service Realty
413 57th Street,Brooklyn, NY 11220
$5,300,000
  • - Beds
  • 12 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: franklin shan
Office: tiger realty
MLS#:500117
Source:BROOKLYN

Price summary

  • Price:$5,300,000

About this home

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...

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Home facts

  • Listing ID #:500117
  • Added:40 day(s) ago
  • Updated:May 11, 2026 at 11:17 AM

Rooms and interior

  • Total bathrooms:12
  • Full bathrooms:12
  • Flooring:Hardwood, Tile
  • Basement Description:Cellar, Finished, Full

Heating and cooling

  • Heating:Baseboard, Gas

Structure and exterior

  • Roof:Flat
  • Lot area:0.05 Acres
  • Construction Materials:Brick
  • Exterior Features:Back Yard
  • Foundation Description:Block, Poured Concrete

Finances and disclosures

  • Price:$5,300,000

Parking

  • Parking description:4 Spaces
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