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    361 59Th St Brooklyn, NY 11220

    For Sale
    $1,388,000

    Six-unit multifamily building in Sunset Park, generating $110,749 annually.

    Lot size:
    0.05 Acres

    Property Features for 361 59Th St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1906

    Source: Century 21 Realty First Agent Chao Min (May) Xu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sunset Park Solid Brick Multifamily

    Located in Sunset Park, Brooklyn, this multifamily property is a solid brick building featuring six one-bedroom apartments, all in move-in condition. The building has dimensions of 21x60 and sits on a 21x100 lot. The property provides a gross annual rental income of $110,749, with tenants paying at or about fair market rents. The building includes a full basement. The property is situated minutes away from shopping and transportation on 4th Ave and 5th Ave, and near the N and R train subway station. The annual taxes are $10,283.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.018257
    Latitude
    40.641964

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily building in Sunset Park, generating $110,749 annually.
    Where is this apartment building located?
    The property is located at 361 59Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,388,000.
    What are key features of this property?
    This property features: - Solid brick 6-family building in Sunset Park; - Gross annual rental income of $110,749; - All 6 one-bedroom apartments in move-in condition
    (718) 758-5838
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    361 59Th St Brooklyn, NY 11220
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    361 59Th St Brooklyn, NY 11220
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