New Brooklyn Multifamily Investment
413 57th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property size:
9,000 SFLot size:
0.05 AcresPrice / SF:
$588/SF- Added:
- Mar 31, 2026
- Days on Market:
- 57
- Last Refresh:
- May 26 at 5:06 am
Property Features for 413 57th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 12
- Rooms
- Bathroom 3, Bathroom 10, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 7, Bathroom 6, Bathroom 1, Bathroom 12, Bathroom 8, Bathroom 11, Bathroom 9
- Interior features
- A/C Unit, Central Air
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2400
Building Details
- Number of units
- 12
- Flooring type
- Tile, Hardwood
- Building materials
- Block, Brick
- Roof type
- Flat
Listing agent Franklin Shan (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Mar 31, 2026
MLS# 500117
Listing URL
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.
HighLights
- High Current Net Operating Income (NOI): $349,906 annually and a 6.6% Cap Rate.
- Not subject to rent control, offering maximum income flexibility.
- Potential for additional $50,000 annual income from T‑Mobile rooftop lease.
- Newly constructed 7‑story building with 12 units.
- Concrete and steel construction ensures durability, soundproofing, and low maintenance.
- Excellent, high‑demand location, minutes to Manhattan and adjacent to Park Slope.
Overview
This newly constructed 7-story residential building in Brooklyn features 12 units, with 2 units per floor. The building is not subject to rent control. Each floor includes a front 1-bedroom unit and a rear 2-bedroom unit. The property spans approximately 9,000 square feet and is constructed with concrete and steel. The current Net Operating Income (NOI) is $349,906 annually, with a cap rate of 6.6%. There is potential for a T-Mobile rooftop lease for antenna installation, projected to generate an additional $50,000 annually. Tenants are responsible for all utilities, including heat and hot water, contributing to low operating expenses and a stable income stream. The property is located in a high-demand area, minutes from Manhattan via the N train, and adjacent to Park Slope.
Property Profile
Location Intelligence
Current Use by Public Records
Allstate Insurance - Raymond ...
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.016013
- Latitude
- 40.642413
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - New 7-story, 12-unit building near Park Slope.
Where is this apartment building located?
The property is located at 413 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: High Current Net Operating Income (NOI): $349,906 annually and a 6.6% Cap Rate.; Not subject to rent control, offering maximum income flexibility.; Potential for additional $50,000 annual income from T‑Mobile rooftop lease.
