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    New Brooklyn Multifamily Investment Opportunity

    413 57th Street Brooklyn, NY 11220

    Claim this Listing
    For Sale
    $5,300,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    9,000 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $588/SF
    Added:
    Mar 31, 2026
    Days on Market:
    102
    Last Refresh:
    Jul 10 at 8:06 pm

    Property Features for 413 57th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    12
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 9, Bathroom 10, Bathroom 11, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 6, Bathroom 8, Bathroom 4, Bathroom 12
    Interior features
    A/C Unit, Central Air
    Basement
    Full, Finished
    Standard status
    Active
    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

    Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key Highlights

    • Newly constructed 7‑story residential building with 12 units (2 units per floor)
    • Unit mix: each floor has a front 1‑bedroom unit and a rear 2‑bedroom unit
    • Approx. 9,000 SF building constructed with concrete and steel (block and brick exterior materials)

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Allstate Insurance - Raymond ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Nursing Home Skin Care Clinic Veterinary Clinic Pet Grooming Service Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

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    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: Newly constructed 7‑story residential building with 12 units (2 units per floor); Unit mix: each floor has a front 1‑bedroom unit and a rear 2‑bedroom unit; Approx. 9,000 SF building constructed with concrete and steel (block and brick exterior materials)
    Contact an agent
    (917) 708-9966
    We can help!
    Contact an agent
    Franklin Shan
    Franklin Shan
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