Oversized 8-Unit Multifamily
For Sale
$1,850,000
355 58th St, Brooklyn, NY 11220
Well-maintained four-story building with eight spacious three-bedroom units and separate-entry basement access.
Property Size6,916 SF
Lot Size0.06 Acres
Days on Market55
Property Features for 355 58th St
General Information
Standard status
Active
Size
6,916 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Cap Rate
6.65%
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$16,235
Building Details
Building Size
6,916 SF
Year Built
1906
Stories
4
Tenancy
Multi
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 8:18AM
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.
This rare oversized 8-family property is set on a 27' x 100' lot and includes a 27' x 70' building. The four-story layout offers two apartments per floor, with a full basement that has a separate entrance. The building is configured as eight spacious three-bedroom apartments and totals nine full bathrooms, giving residents practical, comfortable layouts.
Located in Brooklyn’s Sunset Park area, the property is described as being near shopping, restaurants, schools, and public transportation. WalkScore of 96 and transitScore of 91 support daily accessibility, and the asset also notes a bikeScore of 81 for very bikeable conditions.
For investors, the property is currently generating approximately $160,260 in annual income and is presented with an attractive 6.65% cap rate. With an established unit mix and a well-maintained structure, it offers a straightforward income-focused profile for buyers seeking a residential income asset with multiple three-bedroom units and independent basement access.
Located in Brooklyn’s Sunset Park area, the property is described as being near shopping, restaurants, schools, and public transportation. WalkScore of 96 and transitScore of 91 support daily accessibility, and the asset also notes a bikeScore of 81 for very bikeable conditions.
For investors, the property is currently generating approximately $160,260 in annual income and is presented with an attractive 6.65% cap rate. With an established unit mix and a well-maintained structure, it offers a straightforward income-focused profile for buyers seeking a residential income asset with multiple three-bedroom units and independent basement access.
Key Highlights
- Four‑story, well‑maintained 8‑family building built in 1906, with a full basement and separate entrance
- Oversized lot size of 27' x 100' with a 27' x 70' building footprint
- 8 spacious 3‑bedroom apartments plus 9 full bathrooms across the property
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,084
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained four-story building with eight spacious three-bedroom units and separate-entry basement access.
Where is this apartment building located?
The property is located at 355 58th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑story, well‑maintained 8‑family building built in 1906, with a full basement and separate entrance; Oversized lot size of 27' x 100' with a 27' x 70' building footprint; 8 spacious 3‑bedroom apartments plus 9 full bathrooms across the property
