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    524 54Th St Brooklyn, NY 11220

    For Sale
    $1,648,000

    Three-family home in vibrant Sunset Park, Brooklyn, with income potential.

    Lot size:
    0.05 Acres

    Property Features for 524 54Th St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1910

    Source: RE/MAX Edge Agent Renzhang Danny Dong

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

    Overview

    Sunset Park Three-Family Home

    This is a solid brick, attached three-family home in the heart of Sunset Park, Brooklyn. The property sits on a 20x100 lot with a 20x47 building size. The top floor features a spacious three-bedroom, one-bath unit with natural light and a comfortable layout. The second floor offers a two-bedroom, one-bath apartment, while the first floor includes a one-bedroom, one-bath unit with interior access to a full basement suitable for recreation, storage, or potential expansion. The property is near 8th Avenue and 5th Avenue, with access to local shopping, restaurants, supermarkets, and services, along with convenient access to the subway and multiple bus lines. This versatile three-family home is located in one of Brooklyn’s dynamic and fast-growing neighborhoods and offers excellent flexibility and income potential.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -74.01221
    Latitude
    40.64232

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    FAQs

    What type of property is this?
    Triplex - Three-family home in vibrant Sunset Park, Brooklyn, with income potential.
    Where is this triplex located?
    The property is located at 524 54Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,648,000.
    What are key features of this property?
    This property features: - Three-family home in the desirable Sunset Park neighborhood of Brooklyn.; - Excellent income potential and flexibility for owners or renters.; - Convenient location near 8th and 5th Avenues, with easy access to shopping, restaurants, and transportation (subway and buses).
    (718) 612-3088
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    524 54Th 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
    524 54Th St Brooklyn, NY 11220
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