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Sunset Park Two-Family Package Deal
For Sale
$2,880,000

712 61st Street, Brooklyn, NY 11220

Two-family property in prime Sunset Park neighborhood with development potential.

Property Size1,204 SF
Price / SF$2,392
Days on Market733

Property Features for 712 61st Street

General Information

Standard status Active
Size 1,204 SF
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $5,516

Building Details

Year Built 1920
Listing Agency: RE/MAX Edge
Listed By: Jason Zhou · License #JZ1320
Source: Exitrealty
Added: Oct 9, 2024 Changed: Oct 7 Last Checked: Oct 7 at 9:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge

Investment Insights

Based on property information with market context.

Located in the prime Sunset Park neighborhood, this two-family property at 712 61st Street, Brooklyn, offers a rare opportunity. The building has dimensions of 17x30 feet and sits on a 17x100 foot lot. Zoned M1-1 with a FAR of 2.4, the lot provides 4,020 buildable square feet. Annual property taxes apply. This property can be part of a packaged deal with the empty lot at 708 61st Street and the two-family property at 710 61st Street. Potential buyers should verify details with their architect and explore possible variances. This property presents huge potential.

Key Highlights

  • Rare 2‑family property in Prime Sunset Park location.
  • Potential packaged deal with adjacent empty lot and 2‑family property.
  • Zoned M1‑1 with FAR 2.4, allowing for 4,020 buildable square feet.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Nursing Home Parking Lot & Garage Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,315
Businesses Nearby

Demographics for 11220, NY

105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family property in prime Sunset Park neighborhood with development potential.
Where is this duplex located?
The property is located at 712 61st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: Rare 2‑family property in Prime Sunset Park location.; Potential packaged deal with adjacent empty lot and 2‑family property.; Zoned M1‑1 with FAR 2.4, allowing for 4,020 buildable square feet.
More about this property
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